On average, listings lease in the $10's per square foot per year. The Southside Flats submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 40% decline in rent.
Compared to the rest of the Pittsburgh market, the Southside Flats submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 12 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. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,300 sqft. Most properties in this market are close to 3 floors. Most buildings in this region were built in 2001 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Southside Flats folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.