700 Waterfront Dr — Lease in Pittsburgh, PA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Pittsburgh, PA 15222
  • Size: 53,183 SF

Description

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Market Context

This industrial in Pittsburgh, PA is listed for lease across 53,183 SF. It has been on the market for 53 days. Compare it against other industrial listings for lease in Pittsburgh, PA — view the full market.

As of Q1 2026, the Pittsburgh industrial market showed a 6.3% vacancy rate, average asking rents near $7.74/SF/yr, and cap rates around 5.0%. Source: multiple brokerage reports, Q1 2026.

Industrial market FAQ

What is the typical cap rate for industrial in Pittsburgh?
About 5.0% as of Q1 2026, per multiple brokerage reports.
Is the Pittsburgh industrial market tightening or softening?
Vacancy is around 6.3% (Q1 2026).

Estimated Market Rate

$2.65/SF/mo – $3.59/SF/mo

Mid: $3.12/SF/mo

Estimated total for 53,183 SF: $165,931 per month

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

Based on comparable properties in similar markets rather than local sales.

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