On average, listings lease in the $30's per square foot per year. The Fifth and Forbes Corridor region is seeing a a boost in rates. In the last 3 months, the median rate increased $30 per sqft per year.
Compared to the rest of the Pittsburgh market, the Fifth and Forbes Corridor submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 105 listings have come on the market, so you'll want to check back regularly for new listings. About 68% of the available leases in the Fifth and Forbes Corridor are subleases, so you might be able to snag a great spot on a short term. 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 5,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 14 stories. Most buildings in this region were built in 1918 and are Class B.
Wholesale trade is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Fifth and Forbes Corridor folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.