Penn Hills Office Space

Penn Hills

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
5,500
As of: January 16, 2017

Penn Hills Rates

Most listings are in the $10's per square foot per year. The Penn Hills region is seeing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 7% increase in rent.

Penn Hills Listing Supply

In the last 90 days, 7 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 29% of the available space in the Penn Hills 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 posted, so finding a space for a small business might be tough.

Even though the median size is 5,500 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this market were built in 2000 and are Class A.

Penn Hills Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst Penn Hills folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Penn Hills.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Penn Hills.
Research

Churchill Submarkets