Most listings are in the $20's per square foot per year. The Fifth and Forbes Corridor submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% 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 depreciated submarket.
In the last 90 days, 108 listings have been posted online, so you'll want to check back regularly for new listings. 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 4,470 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 14 floors. Most buildings in this region were built in 1916 and are Class B.
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 occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.