On average, listings lease in the $20's per square foot per year. The Strip District region is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the Pittsburgh market, the Strip District submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 6 listings have been posted online, which means spaces most likley are 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 available, so finding a space for a small business might be tough.
Even though the median size is 12,120 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 3 stories. Most buildings in this market were built in 1978 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Strip District folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.