Six PPG Place - office in Pittsburgh, PA
Office

Six PPG Place

6 ppg pl pittsburgh, pa, 15222, pittsburgh, PA 15222

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Very Low Confidence
Low
$3.40/SF
Mid
$4.00/SF
High
$4.60/SF
Tier Used
peer_city_transfer

Transferred from peer market tulsa (similarity: 100%) with 3 comparable listings.

Peer market: tulsa (100% similarity)
Tier Resolution Trace
Tier 1insufficient_data
Tier 2insufficient_data
Tier 3insufficient_data
Tier 4successselected
Cost Breakdown
ComponentValueDetailSource
Base Rent$4.00/SFpeer_city_transfer
Utilities7.8¢/kWhOpenEI URDB
Property Tax0.0% eff. rateAPI Ninjas
Labor Index$1512/wkBLS QCEW
Source Provenance (1)
SourceTypeCountYearFreshnessPeer
Peer City Transfereconomic_similarity3real-timetulsa (100%)
Data sources used
peer_city_transfer

Description

PPG Place, often described as the “Crown Jewel” of the Pittsburgh skyline, stretches three city blocks at the forefront of downtown. The architecturally striking all-glass complex is comprised of six separate buildings totaling 1.5 million square feet of trophy Class A office space surrounding a vibrant, one-acre plaza thats open to the public year-around. PPG Place offers customizable and distinctive office space opportunities that appeal to tenants ranging from Fortune 500 companies to prominent law firms, design companies, tech users, philanthropic organizations and many more industries. With multiple on-site options from fine dining to fast casual, PPG Place’s amenity-rich complex has your taste buds covered. Grab your coffee and bagel before work from Einstein Bros, enjoy lunch on the covered patio at City Works fronting vibrant Market Square or finish off the day at the newly renovated Ruth’s Chris bar and restaurant over a martini. Located in the center of PPG Place, The Plaza features outdoor seating with a unique, interactive water display during spring, summer and fall months. During the winter, the center of the plaza transforms into an ice-skating rink with the world’s most technologically-advanced holiday tree.

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

Location

6 ppg pl pittsburgh, pa, 15222, pittsburgh, PA 15222

Marker
Leaflet © OpenStreetMap contributors

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 assets trade quickly.

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

Unified Estimate

Very Low Confidence
$19.53/SF-$26.43/SF
Mid: $22.98/SF

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 tulsa (similarity: 100%) with 3 comparable listings.

Sale Price History

Market report quarterly trend fallbackFIPS 42003

Low Confidence
  • Avg Rent ($/SF/yr) (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.

Financing Assumptions

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.

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

Assumptions
  • Interest rate: 6.47% (FRED live)
  • Loan term: 25 years
  • Down payment: 25.0%
  • Market comparison: office in pittsburgh, PA

More Office for Sale in Pittsburgh, PA(5)

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Listed by

JLL