Pittsburgh, PA
Commercial Real Estate Market Trends & Data

$149 Avg asking sale price
$152 Avg asking lease rate
21,621 SF Avg unit lease size
47,836 SF Avg building size for sale
9.21% Average cap rate

Pittsburgh's Demographic Profile

Pittsburgh has 142,527 households and a median income of $57,869, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 309,382
# Households 142,527
Median age 36
Median household income $57,869
Avg household size 2.0
Renter-occupied housing units 81,511
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Pittsburgh, PA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Pittsburgh $124 93,922 SF 21.00%
Shadyside $186 13,370 SF 10.00%
Millvale $147 2,200 SF 6.50%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Pittsburgh $96 41,978 SF 21.00%
Squirrel Hill $376 3,000 SF 4.66%
Nearby Retail Markets Avg Cost/SF Typical Size
Pittsburgh $176 14,312 SF
Shadyside $115 10,000 SF
Squirrel Hill $275 7,496 SF
Millvale $260 2,400 SF
Mount Oliver $47 19,181 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Pittsburgh $157 16,187 SF 23.74%
Brookline $157 11,103 SF 23.74%
Brentwood $90 25,388 SF 9.00%
Beechview $147 6,080 SF 23.74%

Commercial Properties For Sale in Pittsburgh

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

REO Sale | Pittsburgh Office Portfolio

Pittsburgh, PA

  • Office Building
  • Auction Sale
For Sale

Carnegie Portfolio Sale

Carnegie, PA

  • Price Upon Request
For Sale

High Visibility Land at I-376 & I-79

Carnegie, PA 15106

  • 36 AC Lot
  • 1 Commercial Lot
  • Price Upon Request
For Sale

Stone Quarry Crossing

Pittsburgh, PA 15237

  • 45,000 SF Office Building
  • $8,850,000
For Sale

3030 Penn Ave

Pittsburgh, PA 15201

  • 24,000 SF Office Building
  • $2,900,000
For Sale

57th Street Motors

Pittsburgh, PA 15201

  • 684 SF Retail Building
  • $460,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Pittsburgh pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Pittsburgh $149 47,836 SF
Shadyside $215 11,468 SF
Squirrel Hill $308 6,107 SF
Millvale $151 4,122 SF
Mount Oliver $47 19,181 SF

Multifamily Properties For Sale in Pittsburgh

For Sale

Fidelity Building

Pittsburgh, PA 15222

  • 36,400 SF Multifamily
  • 8.08% Cap Rate
  • $3,750,000
For Sale

Sceneridge Apartments

Pittsburgh, PA 15227

  • 34,656 SF Multifamily
  • 8.06% Cap Rate
  • $2,995,000
For Sale

1144 Tennessee Ave

Pittsburgh, PA 15216

  • 9,164 SF Multifamily
  • $1,200,000
For Sale

2708 Brownsville Rd

Pittsburgh, PA 15227

  • 35,000 SF Multifamily
  • $1,100,000
For Sale

941 Penn Ave

Pittsburgh, PA 15222

  • 39,681 SF Multifamily
  • Price Upon Request
For Sale

Lebanon House

Pittsburgh, PA 15228

  • 41,144 SF Multifamily
  • Price Upon Request
For Sale

Baldwin/ Whitehall Portfolio

Pittsburgh, PA

  • Price Upon Request
For Sale

Lawrenceville Lofts

Pittsburgh, PA 15201

  • 29,253 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places Pittsburgh alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Pittsburgh or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Shadyside 14,819 8,368 32 $72,431 2 6,405 -2%
Squirrel Hill 27,084 11,081 34 $88,228 2 5,623 -3%
Millvale 3,126 1,624 40 $55,545 2 999 -3%
Mount Oliver 3,396 1,473 38 $31,737 2 902 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Pittsburgh, PA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Pittsburgh

View All Commercial Real Estate For Sale in Pittsburgh
Is Pittsburgh a good market for a first-time commercial real estate investor?

Pittsburgh offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Pittsburgh?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Pittsburgh. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Pittsburgh?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Pittsburgh. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Pittsburgh compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Pittsburgh. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Pittsburgh acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Pittsburgh, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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