On average, listings lease in the $20's per square foot per year. The Downtown Pittsburgh submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% increase in rent.
Compared to the rest of the Pittsburgh market, the Downtown Pittsburgh submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 99 listings have come on the market, so you'll want to check back regularly for new listings. About 3% of the office spaces in the Downtown Pittsburgh 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,680 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 14 stories. Most buildings in this market were built in 1920 and are Class B.
Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Pittsburgh residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.