Most listings are in the $20's per square foot per year. The Downtown Pittsburgh region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Pittsburgh market, the Downtown Pittsburgh submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 201 listings have been listed, so you'll want to check back regularly for new listings. About 22% of the available space in the Downtown Pittsburgh are subleases, so you might be able to snag a great spot on a short term. 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 buildings in this market 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 occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.