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.
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.
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.