Strip District Retail

Strip District

Office Space Market Report

Number of Listings (last 90 days)
6
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
11,230
As of: August 19, 2017

Strip District Rates

Most listings are in the $30's per square foot per year. The Strip District region is seeing a a rise in rates. In the last 3 months, the median rate rose $32 per sqft per year.

Compared to the rest of the Pittsburgh market, the Strip District region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Strip District Listing Supply

In the last 90 days, 6 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 50% of the available leases in the Strip District are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 11,230 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this region were built in 1983 and are Class B.

Strip District Community

A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Strip District residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Strip District.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Strip District.
Research