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Commercial Real Estate in Pittsburgh, PA - 299 Properties Available

  • The Highline - Pittsburgh
    36 Terminal Way, Southside Flats, Pittsburgh, PA 15219
    For Lease $23 - $24/Sqft/Yearly
    Property
    • Office
    Availability
    • 17 Spaces
    • 320,644 Sqft
  • 106 Isabella - Pittsburgh
    106 Isabella Street, North Shore, Pittsburgh, PA 15212
    For Lease $23.5 - $24.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 7 Spaces
    • 44,590 Sqft
  • Foster Plaza 3 & 4 - Pittsburgh
    501 Holiday Drive, Green Tree, Pittsburgh, PA 15220
    For Lease $22.5 - $23.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 5 Spaces
    • 43,125 Sqft
  • Jacob Center - Pittsburgh
    100 Fleet Street, Green Tree, Pittsburgh, PA 15220
    For Lease $16.5 - $19.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 12 Spaces
    • 40,450 Sqft
  • Five Gateway Center - Pittsburgh
    60 Boulevard of the Allies, Downtown Pittsburgh, Pittsburgh, PA 15222
    For Lease $19 - $22/Sqft/Yearly
    Property
    • Office
    Availability
    • 4 Spaces
    • 35,259 Sqft
  • The Pitt & Travelers Aid Buildings - Pittsburgh
    213 Smithfield Street, Downtown Pittsburgh, Pittsburgh, PA 15222
    For Lease $24/Sqft/Yearly
    Property
    • Office
    Availability
    • 4 Spaces
    • 26,784 Sqft
  • The House of Metal Offices - Pittsburgh
    901 Pennsylvania Avenue, Central Northside Pittsburgh, Pittsburgh, PA 15233
    For Lease $18/Sqft/Yearly
    Property
    • Office
    Availability
    • 2 Spaces
    • 3,278 Sqft
  • U.S. Steel Tower - Pittsburgh
    600 Grant Street, Downtown Pittsburgh, Pittsburgh, PA 15219
    For Lease $27 - $32.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 15 Spaces
    • 179,290 Sqft
  • K&L Gates Center - Pittsburgh
    210 6th Avenue, Downtown Pittsburgh, Pittsburgh, PA 15222
    For Lease $24.5 - $26.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 12 Spaces
    • 137,459 Sqft
  • Koppers Building - Pittsburgh
    436 7th Avenue, Downtown Pittsburgh, Pittsburgh, PA 15219
    For Lease $23.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 9 Spaces
    • 71,493 Sqft
  • Four Gateway Center - Pittsburgh
    444 Liberty Avenue, Downtown Pittsburgh, Pittsburgh, PA 15222
    For Lease $27.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 16 Spaces
    • 70,053 Sqft
  • Allegheny Building - Pittsburgh
    429 Forbes Avenue, Downtown Pittsburgh, Pittsburgh, PA 15219
    For Lease $18.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 42 Spaces
    • 70,011 Sqft
  • Centre City Tower - Pittsburgh
    650 Smithfield Street, Downtown Pittsburgh, Pittsburgh, PA 15222
    For Lease $20/Sqft/Yearly
    Property
    • Office
    Availability
    • 15 Spaces
    • 67,722 Sqft
  • 411 7th Avenue - Pittsburgh
    411 7th Avenue, Downtown Pittsburgh, Pittsburgh, PA 15219
    For Lease $17.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 67,257 Sqft
  • Foster Plaza 6 - Pittsburgh
    681 Andersen Drive, Green Tree, Pittsburgh, PA 15220
    For Lease $24/Sqft/Yearly
    Property
    • Office
    Availability
    • 7 Spaces
    • 60,571 Sqft
  • EQT Plaza - Pittsburgh
    625 Liberty Avenue, Downtown Pittsburgh, Pittsburgh, PA 15222
    For Lease $35/Sqft/Yearly
    Property
    • Office
    Availability
    • 6 Spaces
    • 59,631 Sqft
  • The Pittsburgher - Pittsburgh
    428 Forbes Avenue, Downtown Pittsburgh, Pittsburgh, PA 15219
    For Lease $18.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 21 Spaces
    • 55,248 Sqft
  • Cardello Building - Pittsburgh
    701 North Point Drive, Chateau, Pittsburgh, PA 15233
    For Lease $20.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 1 Space
    • 54,537 Sqft
  • 421 7th Avenue - Pittsburgh
    421 7th Avenue, Downtown Pittsburgh, Pittsburgh, PA 15219
    For Lease $18/Sqft/Yearly
    Property
    • Office
    Availability
    • 7 Spaces
    • 51,000 Sqft
  • 914-922 Penn Avenue - Pittsburgh
    922 Penn Avenue, Downtown Pittsburgh, Pittsburgh, PA 15222
    For Lease $23/Sqft/Yearly
    Property
    • Office
    Availability
    • 4 Spaces
    • 41,920 Sqft
  • Foster Plaza 10 - Pittsburgh
    680 Andersen Drive, Green Tree, Pittsburgh, PA 15220
    For Lease $25/Sqft/Yearly
    Property
    • Office
    Availability
    • 6 Spaces
    • 32,857 Sqft
  • The Warner Center - Pittsburgh
    332 5th Avenue, Downtown Pittsburgh, Pittsburgh, PA 15222
    For Lease $12.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 6 Spaces
    • 32,664 Sqft
  • Nova Place - Concourse - Pittsburgh
    100 South Commons, Allegheny Center, Pittsburgh, PA 15212
    For Lease $25 - $26/Sqft/Yearly
    Property
    • Office
    Availability
    • 2 Spaces
    • 30,802 Sqft
  • Noblestown Plaza - Pittsburgh
    2121 Noblestown Road, Westwood, Pittsburgh, PA 15205
    For Lease $14/Sqft/Yearly
    Property
    • Office
    Availability
    • 9 Spaces
    • 26,700 Sqft
  • Foster Plaza 1 & 2 - Pittsburgh
    425 Holiday Drive, Green Tree, Pittsburgh, PA 15220
    For Lease $22 - $22.5/Sqft/Yearly
    Property
    • Office
    Availability
    • 2 Spaces
    • 21,686 Sqft

Pittsburgh, PA Economic Overview

Location Photo

Located at the confluence of the Ohio, Monongahela, and Allegheny Rivers in western Pennsylvania, Pittsburgh is a city with strong economic foundations, a history of healthy economic competition, and a location fit for any business. With a metropolitan population of over 2 million, the city is no longer operating solely on industrial manufacturing, but has begun to diversify over the past decades. With more expansion plans in the works, and more high-tech companies setting up shop in the area, the Pittsburgh commercial real estate market is picking up steam.

Pittsburgh used to be one of the largest steel manufacturers in the world, but with the deindustrialization that occurred in the 1980s, Pittsburgh’s economy moved away from manufacturing, towards other economic activities. Driven now by financial corporations, major tech and defense companies, and a large number of universities, Pittsburgh’s economy is slowly becoming a leader in the economic activities that are of high importance in the twenty-first century. In fact, with the preeminence of research universities in the area—notably the University of Pittsburgh and Carnegie Mellon—Pittsburgh’s economy has become driven by high tech firms, robotics, nuclear engineering, and biomedical technology. Once a city of steel, it is emerging as one of the country’s most vibrant tech centers.

Pittsburgh, PA Commercial Real Estate Market

Many of Pittsburgh’s factories and industrial locations that were utilized prior to the 1980s deindustrialization are now being occupied by new companies. In turn, many unused spaces are being re-developed for future use by companies looking relocate to the region. In other areas where industrial spaces weren’t typically found—downtown Pittsburgh for example—vacancy for offices has become almost zero, with established companies maintaining offices in the area and new companies paying top dollar to buy up space.

Downtown Pittsburgh, a.k.a. the “Golden Triangle," or the Pittsburgh Central Business District, is home to a pretty entrenched office market. PNC Bank, U.S. Steel, Heinz, and PPG all operate large scale office buildings here, but these offices have been occupied by the same companies for a long time and they are unlikely to leave anytime soon. This has led to Downtown Pittsburgh having the second-lowest downtown vacancy rate in the U.S.

The Lawrenceville commercial real estate market encompasses some of the most high-end retail and office spaces in the city. Three neighborhoods— Upper Lawrenceville, Central Lawrenceville, and Lower Lawrenceville—make up the area. In 2009, the Children’s Hospital of Pittsburgh of UPMC opened a facility in Lawrenceville that has attracted more business to the area, while retail stores have also taken up shop in the neighborhood, to serve to the younger crowd that has moved in over the past years.

The Oakland commercial real estate market is expansive. Home to the two largest universities in the area, the University of Pittsburgh and Carnegie Mellon, Oakland is also the site of major museums, hospitals, and cultural centers. Office and retail space has maintained competition for businesses aiming to open in the area to offer services to students, professionals, and tourists that flock to the area. With Oakland being comprised of four neighborhoods— North Oakland, Central Oakland, South Oaklandq, and West Oakland—there is plenty of different opportunities to choose from.

Pittsburgh, PA Office Sales Volume

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Pittsburgh, PA Office Transactions

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Pittsburgh, PA Commercial Inventory Breakdown

Office Spaces

Total: 51,508,279 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 5,045,668 SF / 9.8% of total office
  • 100k to 500k SF: 28,001,016 SF / 54.36% of total office
  • 500k to 1M SF: 12,614,214 SF / 24.49% of total office
  • > 1M SF: 5,847,381 SF / 11.35% of total office

By class:

  • Class A+: 5,360,658 SF / 10.41% of total office
  • Class A: 21,356,091 SF / 41.46% of total office
  • Class B: 19,320,000 SF / 37.51% of total office
  • Class C: 372,954 SF / 0.72% of total office

Industrial

Total: 2,347,168 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 100k to 500k SF: 1,847,168 SF / 78.7% of total industrial
  • 500k to 1M SF: 500,000 SF / 21.3% of total industrial

By class:

  • Class A: 154,499 SF / 6.58% of total industrial
  • Class B: 1,113,882 SF / 47.46% of total industrial
  • Class C: 251,287 SF / 10.71% of total industrial

Employment in Pittsburgh, PA

Employment

According to the Pennsylvania Department of Labor and Industry’s 3rd Quarter Report for 2016, the largest employers in the area are health care systems, universities, corporations, and government.

  • By far the largest employer is the University of Pittsburgh Medical Center and its subsidiaries, which employ 60,000 people in health, insurance, and financial sectors;
  • Allegheny Health Network employs close to 9,000;
  • The universities in the area also employ a large number. The University of Pittsburgh—distinct from UPMC—employs close to 13,000 people, while Carnegie Mellon employs 4,600;
  • Finally, corporate offices round out the top employers in the area. PNC and Giant Eagle are the two largest employers, with PNC employing close to 10,000 and Giant Eagle employing 8,000.

Education in Pittsburgh, PA

Pittsburgh is served by Pittsburgh Public Schools, which operates 62 elementary, middle, and high schools in the region. There are a number of private schools operated by religious and private organizations, as well.

Pittsburgh is well known for its universities. The University of Pittsburgh and Carnegie Mellon are two internationally recognized research institutions, but the area is also home to Duquesne University. Universities operating throughout the Pittsburgh metropolitan area include Carlow University, Chatham University, Point Park University, the Art Institute of Pittsburgh, as well as a number of religious institutions, most notably the Pittsburgh Theological Seminary and the Reformed Presbyterian Theological Seminary.

Commuting Time in Pittsburgh, PA

Pittsburgh’s geographic location and specific history have contributed to the development of one of the most unique and comprehensive transportation infrastructures in the world. A literal “city of bridges," Pittsburgh has three more than Venice. Moreover, Pittsburgh boasts several highways, major roads, a light rail system, railroads, bicycle paths, and bus lines for public transportation.

With this amount of options, Pittsburgh’s traffic is less severe than other cities of its size and complexity. Morning rush hour into major commercial centers—particularly downtown—can be tough on more popular roads, but traffic is mostly mild.

Pittsburgh Demographics

Population

  • Total Population305,012
  • Male Population(48.9 %) 149,303
  • Female Population(51.1 %) 155,709
  • Median Age32.90

Income/Financial

  • Average Household Income$66,639
  • Median Household Income$44,092
  • Median Income Under 25$19,769
  • Median Income 25-44$55,158
  • Median Income 45-64$53,128
  • Median Income Over 65$30,507

Residential Rents in Pittsburgh, PA

Compared to other major cities of the east coast, Pittsburgh’s average rent is on the cheap side, although rising. Within the city, the average apartment goes for $1,242/month, but can range from $1,096/month to $1,424/month. These have risen extensively in the past few years, with the influx of companies to the region.

COMMERCIALCafé is your first and only stop when it comes to commercial real estate leasings in Pittsburgh, PA. Search through our extensive selection of commercial properties for lease with current space availability in the area ranging between 3278 square feet and 320644 square feet. Discover the right property from our 299 listings by using our advanced search function, which includes search by property type, space availability, management company, lease rates, and more.