Cultural District Retail

Cultural District

Office Space Market Report

Number of Listings (last 90 days)
46
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
6,600
As of: March 12, 2017

Cultural District Rates

On average, listings lease in the $30's per square foot per year. The Cultural District region is experiencing a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 10% rise in rent.

Compared to the rest of the Pittsburgh market, the Cultural District submarket has greater 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 been made available, so you'll want to check back regularly for new listings. About 7% of the available space in the Cultural District are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 6,600 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are close to 27 stories. Most buildings in this market were built in 1917 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 occupants. 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