Pittsburgh Athletic Association — Lease in Pittsburgh, PA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Pittsburgh, PA 15213

Description

50,000 SF Class “A” Office Redevelopment located in the heart of Oakland Architecturally significant building designed by one of America’s most notable 20th century architects and listed on the National Register of Historic Places is now being revitalized and brought back to its original grandeur. The property is located across Fifth Avenue from the Cathedral of Learning between Soliders and Sailors Memorial Hall and University of Pittsburgh Alumni Hall. There are over 50 parking spaces available with excellent public transportation access along Forbes and Fifth Avenue. There are wonderful outdoor seating areas and new food service and amenities included.

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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