The typical asking rate per listing is in the $30's per square foot per year. The Cultural District submarket is going through a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 10% increase in rent.
Compared to the rest of the Pittsburgh market, the Cultural District region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 44 listings have been listed, so you'll want to check back regularly for new listings. About 7% of the available leases in the Cultural District are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 6,600 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 27 floors. Most buildings in this area were built in 1917 and are Class B.
Professional services is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Cultural District folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.