On average, listings lease in the $20's per square foot per year. The First Side submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 23% decline in rent.
Compared to the rest of the Pittsburgh market, the First Side submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 16 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 4,560 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 5 floors. Most buildings in this region were built in 1910 and are Class B.
Arts, entertainment, and restaurants are the dominant industries in this area. Most of the occupants of First Side work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.