Cultural District Retail

Cultural District

Office Space Market Report

Number of Listings (last 90 days)
46
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
200
As of: August 17, 2017

Cultural District Rates

Most listings are in the $30's per square foot per year. The Cultural District region is seeing a decrease in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 23% decrease in rent.

Compared to the rest of the Pittsburgh market, the Cultural District region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Cultural District Listing Supply

In the last 90 days, 46 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the available leases in the Cultural District are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 200 sqft. Most properties in this region are around 27 stories. Most buildings in this region were built in 1920 and are Class B.

Cultural District Community

Professional services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Cultural District residents. Commuting approximately 30 minutes 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 Cultural District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Cultural District.
Research