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 went up $1 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Pittsburgh market, the Fifth and Forbes Corridor submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 105 listings have been listed, so you'll want to check back regularly for new listings. About 2% of the office spaces 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 posted, so finding a space for a small business might be tough.
Even though the median size is 7,100 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 14 stories. Most buildings in this market were built in 1916 and are Class B.
Wholesale trade is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Fifth and Forbes Corridor folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.