On average, listings lease in the $30's per square foot per year. The North Side submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 27% rise in rent.
Compared to the rest of the Pittsburgh market, the North Side submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 40 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 13,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this market were built in 1982 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Most of the occupants of North Side work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.