For Sale
Pittsburgh, PA
Commercial Real Estate Market Trends & Data
$140
Avg asking sale price
$20
Avg asking lease rate
10,915 SF
Avg unit lease size
24,888 SF
Avg building size for sale
10.19%
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{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Pittsburgh | $114 | 33,786 SF | 21.00% |
| Millvale | $146 | 2,200 SF | 6.50% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Pittsburgh | $104 | 38,538 SF | 21.00% |
| Squirrel Hill | $266 | 3,000 SF | 4.66% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Pittsburgh | $162 | 13,532 SF |
| Shadyside | $115 | 10,000 SF |
| Squirrel Hill | $275 | 7,496 SF |
| Mount Oliver | $47 | 19,181 SF |
| Mount Washington | $103 | 3,797 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Pittsburgh | $132 | 15,703 SF | 23.74% |
| Brookline | $111 | 11,103 SF | 23.74% |
| Brentwood | $102 | 28,530 SF | 9.00% |
| Beechview | $144 | 5,286 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.
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $140 | 24,888 SF |
| Shadyside | $203 | 10,923 SF |
| Squirrel Hill | $265 | 5,900 SF |
| Millvale | $108 | 4,695 SF |
| Mount Oliver | $47 | 19,181 SF |
Multifamily Properties For Sale in Pittsburgh
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.
Nearby Market Trends
