Subdividable Office Building for
For Lease
$18.75 SF/Yr
5231 Penn Ave, Pittsburgh, PA 15224
Office space available beginning May 1, 2027, offered in flexible floor-by-floor configurations for growing teams.
Space Size3,600 SF - 10,000 SF
Property Size31,000 SF
Days on Market69
Property Features for 5231 Penn Ave
General Information
Standard status
Active
Size
3,600 SF - 10,000 SF
Property subtype
Office
Lease Type
SF/yr
Lease Term
MG
Building Details
Building Size
31,000 SF
Spaces For Lease
at 5231 Penn Ave Contact us- Size
- 10,000 SF
- Type
- Office Building
- Term
- 36 - 60 months
First Floor $18.75/SF/Yr
- Size
- 3,600 SF
- Type
- Office Building
- Term
- 36 - 60 months
Ground Floor $18.75/SF/Yr
- Size
- 10,000 SF
- Type
- Office Building
- Term
- 36 - 60 months
Second Floor $18.75/SF/Yr
- Size
- 5,061 SF
- Type
- Office Building
- Term
- 36 - 60 months
Third Floor $18.75/SF/Yr
Listing Agency:
Lee & Associates | Western PA
(412) 528-1301
Listed By:
Howard West · License #RSR002660
(412) 528-1301
Source:
Lee-associates
Added: Jun 2
Changed: Aug 8
Last Checked: Jun 3 at 2:17AM
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 PA
Investment Insights
Based on property information with market context.
This office property is available for lease beginning 5/1/2027 and can be subdivided by floor, allowing tenants to scale space needs more precisely. With approximately 31,000 square feet available, the building is well-suited for organizations looking for dedicated office space that can be configured to match internal operations.
Located at 5231 Penn Ave in Pittsburgh, the asset offers a straightforward leasing structure for companies that want the option to occupy part of the building rather than a single, fixed footprint. The floor-by-floor approach can be especially useful for tenants planning phased growth or evaluating different departmental layouts over time.
From a tenant or operator standpoint, the ability to subdivide by floor supports a range of office scenarios, from teams that need contiguous space to operators seeking flexibility in how they allocate work areas. If you are targeting a leasing timeline that starts May 1, 2027, this property’s configurable nature can help align space planning with your near- and medium-term business requirements.
Located at 5231 Penn Ave in Pittsburgh, the asset offers a straightforward leasing structure for companies that want the option to occupy part of the building rather than a single, fixed footprint. The floor-by-floor approach can be especially useful for tenants planning phased growth or evaluating different departmental layouts over time.
From a tenant or operator standpoint, the ability to subdivide by floor supports a range of office scenarios, from teams that need contiguous space to operators seeking flexibility in how they allocate work areas. If you are targeting a leasing timeline that starts May 1, 2027, this property’s configurable nature can help align space planning with your near- and medium-term business requirements.
Key Highlights
- Available for lease beginning 5/1/2027
- Office space can be subdivided by floor
- Offered in flexible floor‑by‑floor configurations
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
3,572
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
$26.33 /SF/Yr
Avg Asking Price
$10–$47.5 /SF/Yr
Price Range
11,792 SF
Avg Space Size
This space is priced 29% below the average of $26.33 /SF/Yr.
Vacancy Rate% for Office in Pittsburgh, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office space available beginning May 1, 2027, offered in flexible floor-by-floor configurations for growing teams.
Where is this office units 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: Available for lease beginning 5/1/2027; Office space can be subdivided by floor; Offered in flexible floor‑by‑floor configurations
