On average, listings lease in the $30's per square foot per year. The Mellon Arena region is seeing a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 15% rise in rent.
Compared to the rest of the Pittsburgh market, the Mellon Arena region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 9 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 28,830 sqft, there are still 0 new listings below 2,000 sqft.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Mellon Arena occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.