On average, listings lease in the $20's per square foot per year. The Fifth and Forbes Corridor region is going through a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Pittsburgh market, the Fifth and Forbes Corridor region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 101 listings have come on the market, so you'll want to check back regularly for new listings. 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 3,860 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 14 stories. Most buildings in this market were built in 1916 and are Class B.
Wholesale trade is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Fifth and Forbes Corridor occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.