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Fort Pitt Buildings

Off-Market

227 Fort Pitt Blvd, Pittsburgh, PA 15222

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  • Property Type Office - Creative Office
  • Property Size 39,641 SF
  • Lot Size 0.22 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1986

Location

  • City Pittsburgh, PA
  • Neighborhood Downtown Pittsburgh
  • Zip Code 15222
  • Market Pittsburgh

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 22 Feb, 2016
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Pittsburgh

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Pittsburgh Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $25.41
  • 2020 Office Vacancy Rate 15.47%
  • 2020 Office Completions (SF) 1,157,586

Pittsburgh Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $74.93
  • Y-o-Y Avg. PpSF Change -35.17%
  • 2020 Office Sales Volume $12.8M
  • 2020 Number of Transactions 3
View more Pittsburgh market trends

Tax

  • Property Tax in 2022 $62,403
  • Market Value* $2,744,200
  • Assessed Value $2,744,200

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Fort Pitt Buildings?

Fort Pitt Buildings totals 39,641 square feet.

When was this property built?

Fort Pitt Buildings was built in 1986.

When was Fort Pitt Buildings last sold?

Fort Pitt Buildings was last sold on 22 Feb, 2016.

What is the property tax for Fort Pitt Buildings?

The property tax for Fort Pitt Buildings in 2022 was $62,403.

What is the market value for Fort Pitt Buildings?

The market value* for Fort Pitt Buildings in 2022 was $2,744,200.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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