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The typical asking rate per commerial real estate listing leases is in the $20's per square foot per year. The Downtown Pittsburgh region is going through a an increase in rates. In the last 3 months, the median rate for lease increased $3 per sqft per year. That's a 13% rise in rent.
Compared to the rest of the Pittsburgh commercial real estate market, the Downtown Pittsburgh region has greater rates for rent, and you may need to make a great offer to be in this hot submarket.
In the last 90 days, 1226 commercial real estate listings have been listed, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the Downtown Pittsburgh are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard size for office space in this area is around 3,140 sqft. Most properties in this region are approximately 7 stories. Most buildings in this region were built around 1920 and are Class B.
Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Pittsburgh occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Pittsburgh.
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