On average, listings lease in the $20's per square foot per year. The Downtown Pittsburgh region is experiencing a decrease in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 20% decrease in rent.
Compared to the rest of the Pittsburgh market, the Downtown Pittsburgh region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 138 listings have been listed, so you'll want to check back regularly for new listings. About 3% of the available space in the Downtown Pittsburgh are subleases, so you will probably have to focus your search on direct office leases. 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 2,710 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 14 floors. Most buildings in this market were built in 1918 and are Class B.
Waste services is the dominant industry in this region. 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.