Downtown Pittsburgh Retail

Downtown Pittsburgh

Office Space Market Report

Number of Listings (last 90 days)
201
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
5,500
As of: March 12, 2017

Downtown Pittsburgh Rates

The typical asking rate per listing is in the $30's per square foot per year. The Downtown Pittsburgh region is going through a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% rise in rent.

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

Downtown Pittsburgh Listing Supply

In the last 90 days, 201 listings have been listed, so you'll want to check back regularly for new listings. About 1% of the available space in the Downtown Pittsburgh are subleases, so you will probably have to consider a longer term lease. 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 5,500 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are close to 14 stories. Most buildings in this region were built in 1918 and are Class B.

Downtown Pittsburgh Community

Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Pittsburgh folk. Commuting close to 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 Downtown Pittsburgh.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Pittsburgh.
Research