Most listings are in the $20's per square foot per year. The Cultural District submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Pittsburgh market, the Cultural District region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 16 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the listings in the Cultural District are subleases, so you might be able to sign a shorter term by taking over a previous 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 5,720 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 27 stories. Most buildings in this area were built in 1917 and are Class B.
This area is fairly equally mixed residential and commercial. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Cultural District folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.