Office Building
For Lease
$18.75 SF/Yr
5231 Penn Ave, Pittsburgh, PA 15224
Entire office building sublease offers 28,661 SF across three floors plus basement, with large meeting rooms and kitchenettes.
Space Size3,600 SF - 10,000 SF
Property Size31,000 SF
Days on Market33
Property Features for 5231 Penn Ave
General Information
Standard status
Active
Size
3,600 SF - 10,000 SF
Net Rentable
28,661 SF
Class
B
Property subtype
Office - General Office
Space & Availability
Available Space
28,661 SF
Space Use
Office
Sublease
Yes
Additional Details
Public Transit
Yes
Building Details
Building Size
31,000 SF
Year Renovated
1990
Spaces For Lease
at 5231 Penn Ave Contact us- Floor
- 1
- Size
- 10,000 SF
- Type
- General Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
First Floor $18.75/SF/Yr
- Floor
- 2
- Size
- 10,000 SF
- Type
- General Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
Second Floor $18.75/SF/Yr
- Floor
- 3
- Size
- 5,061 SF
- Type
- General Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
Third Floor $18.75/SF/Yr
- Floor
- Ground
- Size
- 3,600 SF
- Type
- General Office
- Lease Type
- Modified Gross
- Availability
- Immediate
- Sublease
- No
- Renewal Option
- Yes
Ground Floor $18.75/SF/Yr
Listing Agency:
Lee & Associates - Western Pennsylvania
(412) 339-1962
Listed By:
Howard West
Source:
Commercialcafe
Added: Jul 28
Changed: Aug 23
Last Checked: Aug 29 at 6:16AM
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 Lee & Associates - Western Pennsylvania
Investment Insights
Based on property information with market context.
Entire building is available for sublease with a term through 4/30/2027. The space totals 28,661 SF and is split among three office floors, plus a basement (ground) level. Typical floor plates are approximately 7,900 SF, and the office layout is described as office-intensive, with large meeting rooms and kitchenettes on each floor.
The property provides on-site free parking and direct access to public transportation.
With a multi-floor configuration and multiple meeting and kitchenette areas, the building can support a self-contained office operation while keeping workspaces organized by floor.
The property provides on-site free parking and direct access to public transportation.
With a multi-floor configuration and multiple meeting and kitchenette areas, the building can support a self-contained office operation while keeping workspaces organized by floor.
Key Highlights
- Entire office building available for sublease through 4/30/2027
- 28,661 SF of office space across three floors plus basement (ground) level
- Three‑floor layout with a typical floor plate of 7,900 SF
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.81 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,029
Businesses Nearby
Explore this area
Business Placement
Demographics for 15224, PA
10,568
Population
6,380
Households
1.7
Avg Household Size
34
Median Age
55%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
7,045
Density / Sq Mi
$65,974
Median Household Income
$49,642
Median Earnings
$1,191
Median Rent
$240,600
Median Home Value
Market
Lease Benchmarks for Pittsburgh, PA
$29.47 /SF/Yr
Avg Asking Price
$16–$50 /SF/Yr
Price Range
38,552 SF
Avg Space Size
This space is priced 36% below the average of $29.47 /SF/Yr.
Vacancy Rate% for Office in Pittsburgh, PA
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Frequently Asked Questions
What type of property is this?
Office building - Entire office building sublease offers 28,661 SF across three floors plus basement, with large meeting rooms and kitchenettes.
Where is this office building located?
The property is located at 5231 Penn Ave Pittsburgh, PA.
What is the lease rate?
The lease rate is $18.75 SF/Yr.
What are key features of this property?
This property features: Entire office building available for sublease through 4/30/2027; 28,661 SF of office space across three floors plus basement (ground) level; Three‑floor layout with a typical floor plate of 7,900 SF
