On average, listings lease in the $20's per square foot per year. The Downtown Pittsburgh submarket is going through a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Pittsburgh market, the Downtown Pittsburgh region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 127 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the listings in the Downtown Pittsburgh are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,520 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 14 stories. Most buildings in this area were built in 1918 and are Class B.
Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Pittsburgh folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.