Strip District Sublease

Strip District

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Strip District Rates

The typical asking rate per listing is in the $30's per square foot per year. The Strip District submarket is going through a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 14% rise in rent.

Compared to the rest of the Pittsburgh market, the Strip District submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Strip District Listing Supply

In the last 90 days, 6 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. 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 6,280 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 3 stories. Most buildings in this area were built in 1978 and are Class B.

Strip District Community

A large portion of this market is residential, but there's plenty of office_space. Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Strip District residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.