Southside Flats Sublease

Southside Flats

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$31
Median Size (sqft)
14,400
As of: August 20, 2017

Southside Flats Rates

Most listings are in the $30's per square foot per year. The Southside Flats region is experiencing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 9% rise in rent.

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

Southside Flats Listing Supply

In the last 90 days, 18 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 67% of the office spaces in the Southside Flats 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 available, so finding a space for a small business might be tough.

Even though the median size is 14,400 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this market were built in 1970 and are Class A.

Southside Flats Community

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 area. Commute by walking is the most popular way to get to work amongst Southside Flats residents. Commuting between 20 and 25 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 Southside Flats.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Southside Flats.
Research