On average, listings lease in the $30's per square foot per year. The Fifth and Forbes Corridor region is seeing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Pittsburgh market, the Fifth and Forbes Corridor submarket has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 105 listings have been made available, so you'll want to check back regularly for new listings. About 2% of the available leases 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 posted, so finding a space for a small business might be tough.
Even though the median size is 6,820 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 14 stories. Most buildings in this area 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 folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.