Cultural District Office Space

Cultural District

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
4,600
As of: January 23, 2017

Cultural District Rates

Most listings are in the $20's per square foot per year. The Cultural District 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 2% decrease in rent.

Compared to the rest of the Pittsburgh market, the Cultural District submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Cultural District Listing Supply

In the last 90 days, 25 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the listings in the Cultural District are subleases, so you will probably have to consider a longer term 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 4,580 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 27 floors. Most buildings in this area were built in 1917 and are Class B.

Cultural District Community

Professional services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Cultural District occupants. Commuting around 30 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 Cultural District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Cultural District.
Research