Southside Flats Sublease

Southside Flats

Office Space Market Report

Number of Listings (last 90 days)
18
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
30,000
As of: June 26, 2017

Southside Flats Rates

On average, listings lease in the $20's per square foot per year. The Southside Flats region is going through a a rise in rates. In the last 3 months, the median rate rose $28 per sqft per year.

Compared to the rest of the Pittsburgh market, the Southside Flats submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Southside Flats Listing Supply

In the last 90 days, 18 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 94% of the available space 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 posted, so finding a space for a small business might be tough.

Even though the median size is 30,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this area 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 region. Commute by walking is the most popular way to get to work amongst Southside Flats occupants. 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