On average, listings lease in the $30's per square foot per year. The Cultural District submarket is going through a decline in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 23% decrease in rent.
Compared to the rest of the Pittsburgh market, the Cultural District region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 46 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the listings in the Cultural District are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 200 sqft. Most properties in this area are close to 27 stories. Most buildings in this market were built in 1920 and are Class B.
Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Cultural District residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.