On average, listings lease in the $30's per square foot per year. The Downtown Pittsburgh region is going through a a rise in rates. In the last 3 months, the median rate went up $30 per sqft per year.
Compared to the rest of the Pittsburgh market, the Downtown Pittsburgh region has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 201 listings have been listed, so you'll want to check back regularly for new listings. About 54% of the available leases in the Downtown Pittsburgh are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,930 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 14 floors. Most buildings in this market were built in 1920 and are Class B.
Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Pittsburgh residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.