Downtown Pittsburgh Office Space

Downtown Pittsburgh

Office Space Market Report

Number of Listings (last 90 days)
94
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
2,870
As of: January 18, 2017

Downtown Pittsburgh Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Pittsburgh submarket is going through a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 2% increase in rent.

Compared to the rest of the Pittsburgh market, the Downtown Pittsburgh submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.

Downtown Pittsburgh Listing Supply

In the last 90 days, 99 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Downtown Pittsburgh are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are around 14 floors. Most buildings in this area were built in 1920 and are Class B.

Downtown Pittsburgh Community

Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Pittsburgh occupants. Commuting close to 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 Downtown Pittsburgh.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Pittsburgh.
Research