PNC Firstside Center

Off-Market

500 1st Avenue, Pittsburgh, PA 15219

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 647,000 SF
  • Lot Size 4.67 Acre
  • Parking Spaces Avail. 1242
  • Parking Ratio 1.92 / 1,000 SF
  • Property Tenancy Owner Occupied
  • LEED Certified Silver
  • Building Class A
  • Year Built 2000

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

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.

  • 2022 Avg. Asking Rent $27.21
  • 2022 Office Vacancy Rate 19.16%
  • 2022 Office Completions (SF) 1,204,622

Pittsburgh Office Sales Trends

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

  • 2022 Avg. Price per SF $136.18
  • Y-o-Y Avg. PpSF Change 3.73%
  • 2022 Office Sales Volume $126.3M
  • 2022 Number of Transactions 8
View more Pittsburgh market trends

Location

Getting Around

  • Walk Score ®

    86/100 Very Walkable
  • Transit Score ®

    94/100 Rider's Paradise
  • Bike Score ®

    77/100 Very Bikeable
Powered by Walk Score ®
  • City Pittsburgh, PA
  • Neighborhood Downtown Pittsburgh
  • Zip Code 15219
  • Market Pittsburgh

Points of Interest

  • First Avenue

    0.06 miles

  • Steel Plaza

    0.31 miles

  • Steel Plaza

    0.31 miles

  • Station Square

    0.42 miles

  • Wood Street

    0.46 miles

  • Gateway

    0.54 miles

  • Pittsburgh Union Station

    0.68 miles

  • North Side

    1.04 miles

  • South Hills Junction

    1.14 miles

  • Allegheny

    1.36 miles

  • American Natural

    0.38 miles

  • Marathon Gas

    0.69 miles

  • BP

    0.70 miles

  • Sunoco Gas Station

    1.08 miles

  • BP

    1.45 miles

  • Cogo's

    1.50 miles

  • Pacific Pride

    1.52 miles

  • Valero

    1.72 miles

  • Sunoco

    1.91 miles

  • EQT Natural Gas for Vehicles

    2.02 miles

  • First Avenue Garage

    0.09 miles

  • Manor Building

    0.16 miles

  • Forbes Garage

    0.22 miles

  • Student Center Parking Lot

    0.22 miles

  • Pittsburgh Parking Authority

    0.33 miles

  • Pittsburgh Parking Court

    0.35 miles

  • Oliver Garage/Piatt Place

    0.37 miles

  • Mon Wharf Parking

    0.38 miles

  • Locust Garage

    0.41 miles

  • Smithfield Liberty Garage

    0.47 miles

  • Fairfield Inn & Suites

    0.13 miles

  • Joinery Hotel Pittsburgh, Curio Collection by Hilton

    0.14 miles

  • EVEN Hotels

    0.24 miles

  • Omni William Penn Hotel

    0.34 miles

  • Hilton Garden Inn

    0.37 miles

  • Embassy Suites by Hilton Pittsburgh Downtown

    0.38 miles

  • DoubleTree by Hilton Hotel & Suites Pittsburgh Downtown

    0.38 miles

  • Kimpton Hotel Monaco Pittsburgh

    0.39 miles

  • Pittsburgh Marriott City Center

    0.39 miles

  • Fairmont Pittsburgh

    0.45 miles

  • Chinatown Inn

    0.08 miles

  • Mitchell's Restaurant

    0.10 miles

  • Common Plea Restaurant

    0.12 miles

  • Grant Street Tavern

    0.13 miles

  • Sushi and Rolls

    0.16 miles

  • Easy Street

    0.17 miles

  • Peppi's

    0.17 miles

  • Bea Taco Town

    0.18 miles

  • Au Bon Pain

    0.18 miles

  • Storms Restaurant

    0.19 miles

  • Trinity Hall (DU)

    0.20 miles

  • Rockwell Hall (School of Business) (DU)

    0.23 miles

  • Administration Building

    0.24 miles

  • Duquesne University

    0.25 miles

  • Brottier Hall

    0.26 miles

  • Brightside Academy

    0.26 miles

  • Canevin Hall (DU)

    0.28 miles

  • Point Park University

    0.28 miles

  • School of Law Building

    0.29 miles

  • Robert Morris College

    0.30 miles

  • Magic Castle Day Care Center

    0.36 miles

  • Small World Early Learning Center

    0.55 miles

  • Wee the People Day Care Center

    0.59 miles

  • Teeter-Totter

    0.98 miles

  • Oakland Sunshine Daycare

    1.38 miles

  • Allegheny General Hospital Center for Children

    1.44 miles

  • Training Wheels Day Care Center

    1.94 miles

  • Robins Nest Day Care Center

    2.32 miles

  • Early Childhood Center

    2.54 miles

  • A.S. Wee Care

    2.87 miles

Frequently Asked Questions

What is the total square footage of PNC Firstside Center?

PNC Firstside Center totals 647,000 square feet.

What is the property tax for PNC Firstside Center?

The property tax for PNC Firstside Center in 2023 was $1,959,353.

What is the market value for PNC Firstside Center?

The market value* for PNC Firstside Center in 2023 was $85,041,400.
*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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