First Side Office Space

First Side

Office Space Market Report

Number of Listings (last 90 days)
17
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,800
As of: July 23, 2017

First Side Rates

Most listings are in the $10's per square foot per year. The First Side region is seeing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 12% decrease in rent.

Compared to the rest of the Pittsburgh market, the First Side submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.

First Side Listing Supply

In the last 90 days, 17 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 24% of the available space in the First Side 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 2,800 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 5 stories. Most buildings in this region were built in 1910 and are Class B.

First Side Community

Arts, entertainment, and restaurants are the dominant industries in this area. Most of the residents of First Side work from home. Commuting close to an hour 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 First Side.
Market Report

Market Data

Real time and historical data on commercial real estate listings in First Side.
Research