632 & 634 Smithfield Street — Lease in Pittsburgh, PA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Pittsburgh, PA 15222

Description

Market Context

This office in Pittsburgh, PA is listed for lease. It has been on the market for 2 days. Compare it against other office listings for lease in Pittsburgh, PA — view the full market.

As of Q1 2026, the Pittsburgh office market showed average asking rents near $26.74/SF/yr, rents up 2.8% year over year, and cap rates around 12.5%. Source: multiple brokerage reports, Q1 2026.

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

Office market FAQ

What is the typical cap rate for office in Pittsburgh?
About 12.5% as of Q1 2026, per multiple brokerage reports.

Estimated Market Rate

$17.98/SF/mo – $21.36/SF/mo

Mid: $18.57/SF/mo

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

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