The typical asking rate per listing is in the $20's per square foot per year. The Fifth and Forbes Corridor region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Pittsburgh market, the Fifth and Forbes Corridor submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 105 listings have been posted online, so you'll want to check back regularly for new listings. About 41% of the available leases in the Fifth and Forbes Corridor are subleases, so you might be able to sign a shorter term by taking over a previous 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 5,810 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are close to 14 stories. Most buildings in this area were built in 1930 and are Class B.
Wholesale trade is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Fifth and Forbes Corridor residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.