On average, listings lease in the $30's per square foot per year. The Southside Flats region is experiencing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 9% rise in rent.
Compared to the rest of the Pittsburgh market, the Southside Flats region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 18 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available space in the Southside Flats are subleases, so you might be able to find a shorter term or below market rent. 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 14,400 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 3 floors. Most buildings in this area were built in 1970 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Southside Flats occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.