Penn Center East III — Lease in Pittsburgh, PA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Pittsburgh, PA 15235

Description

Commercial property listing from JLL. Property: Penn Center East III.

Market Context

This office in Pittsburgh, PA is listed for lease. It has been on the market for 166 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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