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    219 Forbes Ave Pittsburgh, PA 15222

    For Lease
    Contact for pricing

    Prestigious Class A Office Building, 10,910 SF Available

    Lot size:
    142,739 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    Market Square Place, located at 219 Forbes Ave in Pittsburgh, PA 15222, offers a unique opportunity to lease high-quality office space in a vibrant downtown location. This Class A building, totaling 142,739 square feet, underwent renovations in 2010 and boasts a prime location within the Central Business District (CBD) submarket. The property sits on 0.89 acres and features five stories, multiple tenants, and elevators. The available space encompasses 10,910 square feet, ideal for a variety of business needs. The building's historic charm, stemming from its origins as the G.C. Murphy building, is complemented by modern amenities. Its mixed-use nature includes 60,000 square feet of first-class retail space on the lower levels, creating a dynamic and bustling environment. The property's address (APN 0001-D-00268-0000-00) places it in the heart of Market Square, offering unparalleled access to the city's amenities and a high level of pedestrian traffic. This is an exceptional opportunity to secure office space in one of Pittsburgh's most desirable locations. The building's traditional office subtype provides a classic and professional atmosphere.

    Property Features for 219 Forbes Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    142,739 SF
    Class
    A

    Building Details

    Year Renovated
    2010
    Stories
    5

    Unit(s) available at that property

    Space
    Suite 200
    Size
    10,910 SF

    HighLights

    • Historic Market Square location in Downtown Pittsburgh.
    • Mixed‑use building with 60,000 square feet of Class A retail space.
    • 46 loft‑style apartments above retail.
    • Prime location in the heart of Market Square.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.0017294
    Latitude
    40.4405738

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Class A Office Building, 10,910 SF Available
    Where is this office property / space located?
    The property is located at 219 Forbes Ave Pittsburgh, PA.
    What are key features of this property?
    This property features: Historic Market Square location in Downtown Pittsburgh.; Mixed-use building with 60,000 square feet of Class A retail space.; 46 loft-style apartments above retail.
    Request Owner's contact information
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    Pittsburgh, PA 15222
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    219 Forbes Ave Pittsburgh, PA 15222
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