Fifth and Forbes Corridor Commercial Real Estate

6 PPG Pl - Space Downtown Pittsburgh, Pittsburgh, PA  
Aug 31
17,000
sqft
Sublease Office

Fifth and Forbes Corridor

Market Report

Number of Listings
Posted in the last 90 days
40
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
3,740

Fifth and Forbes Corridor Rates

On average, listings lease in the $30's per square foot per year. The Fifth and Forbes Corridor region is experiencing a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 11% rise in rent.

Compared to the rest of the Pittsburgh market, the Fifth and Forbes Corridor region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.

Fifth and Forbes Corridor Listing Supply

In the last 90 days, 711 listings have been posted online, so you'll want to check back regularly for new listings. About 5% of the listings in the Fifth and Forbes Corridor are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,740 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are close to 14 stories. Most buildings in this market were built in 1930 and are Class B.

Fifth and Forbes Corridor Community

Wholesale trade is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Fifth and Forbes Corridor residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Fifth and Forbes Corridor.
Research