Gulf Tower — Lease in Pittsburgh, PA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Pittsburgh, PA 15219

Description

One of the major recognizable features of the Pittsburgh cityscape,the Gulf Tower is a multiple BOMA Building of the Year award winner and is one of Pittsburgh’s best maintained properties. With tenant options ranging from 1,000 square feet to 160,000 square feet and located within a few blocks of the David L. Lawrence Convention Center,major hotels,theaters,galleries and restaurants,this building offers many options for tenants and visitors. In the tower,the typical office floor has five elevators,two fire stairs,two restrooms and a separate large freight elevator to the loading dock. Windows are thermally insulated with embedded blinds. The Gulf Tower offers a fully equipped fitness center and locker rooms,shuttle service and bike storage for tenants.

Market Context

This office in Pittsburgh, PA is listed for lease. It has been on the market for 196 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

$4.69/SF/mo – $6.35/SF/mo

Mid: $5.52/SF/mo

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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