Fifth and Forbes Corridor Office Space

Fifth and Forbes Corridor

Office Space Market Report

Number of Listings (last 90 days)
60
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
2,160
As of: December 10, 2016

Fifth and Forbes Corridor Rates

Most listings are in the $30's per square foot per year. The Fifth and Forbes Corridor region is going through a a boost in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 16% increase in rent.

Compared to the rest of the Pittsburgh market, the Fifth and Forbes Corridor submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.

Fifth and Forbes Corridor Listing Supply

In the last 90 days, 85 listings have come on the market, so you'll want to check back regularly for new listings. About 2% of the office spaces in the Fifth and Forbes Corridor are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,160 sqft. Most buildings in this region are around 14 stories. Most buildings in this market were built in 1916 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