The typical asking rate per listing is in the $30's per square foot per year. The Cultural District submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 10% rise in rent.
Compared to the rest of the Pittsburgh market, the Cultural District submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 46 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the available leases in the Cultural District are subleases, so you will probably have to consider a longer term lease. 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 6,600 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 27 stories. Most buildings in this region were built in 1917 and are Class B.
Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Cultural District occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.