On average, listings lease in the $20's per square foot per year. The Southside Flats submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Pittsburgh market, the Southside Flats submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 18 listings have come on the market, which means listings 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 posted, so finding a space for a small business might be tough.
Even though the median size is 30,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this region were built in 1970 and are Class B.
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 residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.