Fifth and Forbes Corridor Office Space

Fifth and Forbes Corridor

Office Space Market Report

Number of Listings (last 90 days)
105
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
5,810
As of: August 18, 2017

Fifth and Forbes Corridor Rates

Most listings are in the $20's per square foot per year. The Fifth and Forbes Corridor submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.

Compared to the rest of the Pittsburgh market, the Fifth and Forbes Corridor region has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.

Fifth and Forbes Corridor Listing Supply

In the last 90 days, 105 listings have come on the market, so you'll want to check back regularly for new listings. About 34% of the available space in the Fifth and Forbes Corridor 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 5,810 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 14 stories. Most buildings in this area were built in 1930 and are Class B.

Fifth and Forbes Corridor Community

Wholesale trade is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Fifth and Forbes Corridor residents. Commuting between 20 and 25 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 Fifth and Forbes Corridor.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Fifth and Forbes Corridor.
Research