On average, listings lease in the $30's per square foot per year. The Shadyside region is going through a decline in rates. In the last 3 months, the median rate fell $25 per sqft per year. That's a 42% decrease in rent.
Compared to the rest of the Pittsburgh market, the Shadyside region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 14 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 6,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 6 floors. Most buildings in this region were built in 2009 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Shadyside folk. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.