On average, listings lease in the $20's per square foot per year. The Grant Street submarket is going through a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 20% decrease in rent.
Compared to the rest of the Pittsburgh market, the Grant Street submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 24 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. 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 4,330 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 64 stories. Most buildings in this area were built in 1952 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this area. Commute by car is the most popular way to get to work amongst Grant Street folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.