Office in Pittsburgh, PA - office in Pittsburgh, PA
Office

Office in Pittsburgh, PA

929 park avenue, pittsburgh, PA 15234

Price

Price on request

Price/Sq Ft

$24.00

Description

Office in Pittsburgh, PA

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

929 park avenue, pittsburgh, PA 15234

Marker
Leaflet © OpenStreetMap contributors

Financial Details

Lease TypeTriple Net (NNN)

Market Context

As of Q1 2026, the Pittsburgh office market showed average asking rents near $26.74/SF/yr, and rents up 2.8% year over year. Source: multiple brokerages Q1 2026 market report.

Projected current pricing

low confidence
Projected asking rent
$26.74–$26.93/SF/yr
Estimated sale value
$98–$129/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 12.5%, asking rent trend-adjusted to today).

View the full Pittsburgh Office market report →

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Compare it against other office listings for lease in Pittsburgh, PA to benchmark pricing and space — view the full market.

Unified Estimate

Very Low Confidence
$11.73/SF/mo-$15.86/SF/mo
Mid: $13.79/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market memphis (similarity: 100%) with 8 comparable listings.

Lease Rate & Market Trend

Market report quarterly trend fallbackFIPS 42003

Low Confidence
  • Avg Rent ($/SF/mo) (market data)
Q1 '25Q3 '25Q4 '25Q1 '26$0$45$90$135$180
Market asking rent (quarterly avg)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Market Employment Trend

YoY Growth:+0.3%
Avg Weekly Wage:$1,478

December 2025 • Source: BLS QCEW

Economic Indicators

30-Yr Mortgage:6.47%
CPI Inflation (YoY):4.2%

Source: FRED

Market Demographics

Census ACS 2024
Population1,238,177
Median Income$79k↑ 5%
College Educated39.6%↑ 6.2pp
Median Age40.6 yrs
Median Home Value$228k
Unemployment5.0%↑ 1.4pp

2024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau

Rent vs. Market

$24

14.1% below market average

Listed at $24.0/sqft/mo vs. market avg $27.95/sqft/mo

Assumptions
  • Market comparison: office in pittsburgh, PA

More Office for Lease in Pittsburgh, PA(5)

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Listed by

CBRE System Import