Downtown Pittsburgh Sublease

Downtown Pittsburgh

Office Space Market Report

Number of Listings (last 90 days)
102
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
2,650
As of: December 10, 2016

Downtown Pittsburgh Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Pittsburgh region is going through a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 10% increase in rent.

Compared to the rest of the Pittsburgh market, the Downtown Pittsburgh region has higher rates, and you'll need to make a great offer to be in this hot submarket.

Downtown Pittsburgh Listing Supply

In the last 90 days, 127 listings have been made available, so you'll want to check back regularly for new listings. About 4% of the listings in the Downtown Pittsburgh are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,520 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 14 stories. Most buildings in this region were built in 1918 and are Class B.

Downtown Pittsburgh Community

Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Pittsburgh folk. Commuting approximately 30 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 Downtown Pittsburgh.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Pittsburgh.
Research