The typical asking rate per listing is in the $30's per square foot per year. The Mellon Arena submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 15% increase in rent.
Compared to the rest of the Pittsburgh market, the Mellon Arena submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 9 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 28,830 sqft, there are still 0 listings below 2,000 sqft.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Mellon Arena residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.