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Class A Office Campus
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500 Penn Center Blvd, Pittsburgh, PA 15235

Class A office space within a multi-use campus with retail component and on-site conferencing amenities.

Property Size12,044 SF
Days on Market1256

Property Features for 500 Penn Center Blvd

General Information

Standard status Active
Size 12,044 SF
Class A
Property subtype OFFICE

Amenities

conference center
fitness facility
tenant lounge
marketing suite
on-site retail and dining
Listing Agency: JLL | Pittsburgh
Listed By: Jackie Bezek · License #RS332660
Source: Moodyscre
Added: Feb 20, 2023 Changed: Jul 25 Last Checked: Jul 30 at 1:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL | Pittsburgh

Investment Insights

Based on property information with market context.

The property offers Class A office space within an office campus that also includes retail space. The on-site amenity set highlighted in the materials includes a conference center with ceiling mounted projectors, projector screens, high-speed internet, cable television, wireless microphones, speaker conference phones, podiums, and on-site support. Additional amenities mentioned include a Wi-Fi enabled tenant lounge with high-end finishes, furniture, and a bar lounge, along with a new fitness facility accessible on a tenant schedule.

The campus is described as having prominent visibility from Parkway East and William Penn Highway, with easy access noted. The setting is also described as within walking distance to retail, restaurants, banking, hotel, and other service-related businesses.

Tenants seeking flexible conference accommodations are specifically addressed by the conference center materials, which are described as supporting groups of large and small sizes.

Key Highlights

  • Penn Center East campus includes 625,000 SF of Class A office space and 300,000 SF of retail space
  • Prominent visibility from Parkway East and William Penn Highway
  • Walking distance to retail, restaurants, banking, hotel, and other service businesses

Property Analytics

Current Use

Catherine Dernorsek, Bankers ... Insurance Agency Penn National Insurance Insurance Agency Bankers Life Insurance Agency RIZZO International, Inc. Engineering Consultant Tehuan Brooks, Bankers ... Insurance Agency

Suggested Use

Top Pick Real Estate Agency Building Supply Spa & Massage Center Hair Salon HVAC Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

648
Businesses Nearby

Demographics for 15235, PA

34,610
Population
16,942
Households
2
Avg Household Size
46
Median Age
36%
College-Educated
95%
High-School Grad
14.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$62,292
Median Household Income
$40,511
Median Earnings
$1,048
Median Rent
$132,800
Median Home Value

Market

Lease Benchmarks for Pittsburgh, PA

$26.71 /SF/Yr
Avg Asking Price
$10–$47.5 /SF/Yr
Price Range
23,195 SF
Avg Space Size

Vacancy Rate% for Office in Pittsburgh, PA

10.2% 2019
12.2% 2020
14.6% 2021
13.9% 2022
16.1% 2023
17.5% 2024
17.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Class A office space within a multi-use campus with retail component and on-site conferencing amenities.
Where is this office units located?
The property is located at 500 Penn Center Blvd Pittsburgh, PA.
What are key features of this property?
This property features: Penn Center East campus includes 625,000 SF of Class A office space and 300,000 SF of retail space; Prominent visibility from Parkway East and William Penn Highway; Walking distance to retail, restaurants, banking, hotel, and other service businesses
(412) 208-1413 Call to check price and availability
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