Pittsburgh Commercial Real Estate
992 results
$205 -
$2,259/month
1,292 SF
$119 -
$1,628/month
1,292 SF
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$2,877/month
1,292 SF
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1,292 SF
$14,400/month
$120,000
$964/month
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1,500 SF
29,210 SF
$2,950,000
$1,877/month
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$833/month
1,000 SF
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$14,625/month
13,000 SF
$6,000/month
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$9,999/month
12,000 SF
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$8,633/month
5,313 SF
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$3,125/month
2,500 SF
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$67,328/month
25,649 SF
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$1,512/month
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$21,000/month
3,539 SF
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$13,615/month
7,780 SF
$4,750/month
$1,800,000
Lease:
$7,500/month
$651 -
$7,077/month
5,325 SF
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$1,100/month
5,062 SF
2,845 SF
$860 -
$7,706/month
5,152 SF
More info
$1,975,000
Lease:
$1,464 -
$15,417/month
10,000 SF
$4,234/month
$280,000
Lease:
$2,974/month
$6,500,000
Lease:
$11,083 -
$16,341/month
10,321 SF
5,000 SF
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$13,812/month
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$26,499/month
12,000 SF
$5,833 -
$9,166/month
16,998 SF
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Pittsburgh Commercial Real Estate Overview
The second largest city in the Commonwealth of Pennsylvania, Pittsburgh continues to surprise and prosper as a mid-level market in the United States in new and emerging markets. Known as the “steel city” and built upon manufacturing, Pittsburgh has evolved to adopt tech companies such as Facebook, Google, Uber, Microsoft, and more, building upon the hard-working mindset that shaped the city’s early years into a modern and thriving modern metropolis.
With a few hundred retail and commercial spaces available throughout the city, Pittsburgh is a competitive business environment, but makes for an affordable option for those seeking a foothold in one of America’s best economic comeback stories. A median rate of $24 per square foot/year holds steady in the commercial real estate environment, making the city an ideal solution for startups, first-time office occupants, and companies searching for an expansion opportunity.
Economy of Pittsburgh
Thanks to the presence of eight Fortune 500 companies, multiple technology leaders, and a vast education background, Pittsburgh is known for its economic prowess and perseverance despite the decline in steel and manufacturing jobs that established the city’s presence on the national stage.
Cited as one of the most livable cities in the world, Pittsburgh remains a blue collar town with a level of expertise that’s rare for cities its size. In fact, more than 1,600 technology companies call Pittsburgh home - a far cry from similarly sized cities in the eastern United States.
Despite the explosive growth of the technology industry, the city’s population experiences a median household income of $44,000 - well below the national average. In addition, 22% of residents are in poverty, but Pittsburgh leaders have begun a sweeping campaign to improve working conditions for employees and residents in the area.
Trends of Pittsburgh
Pittsburgh, surprisingly, hasn’t done as much as other cities its size to promote growth and redevelopment within the city limits, leading to a relative shortage in available commercial and office spaces. However, there are a few dozen mixed-use, retail, and residential projects underway to grow and expand Pittsburgh’s offerings to the national and global markets. The city’s history of large, adaptable infrastructure may have lead to this shortage, as long-standing facilities from the early-mid 20th century have been reincorporated to suit the modern work environment.
Pittsburgh boasts a burgeoning film, theater, and music community, hosting several major productions throughout the last decade. In addition to its rich sports culture, the city’s science, arts, and archeology venues are among the best and most sought-out in the eastern United States.
Market Stats
Pittsburgh has 1,584 commercial real estate spaces for lease, representing 11,965,055 sqft space.
353 buildings are available for sale.
In the past 30 days, Pittsburgh has had 111 spaces leased and 9 new spaces come on market.