The typical asking rate per listing is in the $20's per square foot per year. The Fifth and Forbes Corridor submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 15% decrease in rent.
Compared to the rest of the Pittsburgh market, the Fifth and Forbes Corridor region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 105 listings have been made available, so you'll want to check back regularly for new listings. About 46% of the listings in the Fifth and Forbes Corridor are subleases, so you might be able to find a shorter term or below market rent. 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 5,250 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 14 stories. Most buildings in this area were built in 1930 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 occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.