Most listings are in the $20's per square foot per year. The Downtown Pittsburgh submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Pittsburgh market, the Downtown Pittsburgh submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 110 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the listings 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,620 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 14 stories. Most buildings in this market were built in 1918 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 approximately 30 minutes a day is the norm for those who opt to reside in this part of town.