Most listings are in the $20's per square foot per year. The Cultural District region is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Pittsburgh market, the Cultural District submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 25 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the listings in the Cultural District are subleases, so you will probably have to consider a longer term lease. 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 4,580 sqft, there are still 0 leases below 2,000 sqft. Most buildings 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 region. Commute by public transit is the most popular way to get to work amongst Cultural District occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.