The typical asking rate per listing is in the $20's per square foot per year. The Fifth and Forbes Corridor region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 16% decrease in rent.
Compared to the rest of the Pittsburgh market, the Fifth and Forbes Corridor submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 100 listings have been listed, so you'll want to check back regularly for new listings. About 1% of the listings in the Fifth and Forbes Corridor 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 2,600 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 14 stories. Most buildings in this market were built in 1916 and are Class B.
Wholesale trade is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Fifth and Forbes Corridor folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.