On average, listings lease in the $30's per square foot per year. The Downtown Pittsburgh submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 7% rise in rent.
Compared to the rest of the Pittsburgh market, the Downtown Pittsburgh submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 201 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the office spaces in the Downtown Pittsburgh 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 5,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 14 stories. Most buildings in this market were built in 1920 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 around 30 minutes a day is the norm for those who opt to reside in this part of town.