2022 “STATE OF THE STRIP DISTRICT”
By the Numbers
OFFICE & EMPLOYMENT
11,245 workers
2.975M SF of rentable office space
1.26M SF of office space in the pipeline
Fringe Class A average asking rate: $29.25 per SF
(1Q 2022, CBRE)*
Fringe Class B average asking rate: $23.14 per SF
(1Q 2022, CBRE)*
HOUSING & POPULATION
2,571 residents
233% increase in residents since 2015
(310% since 2010)
1,862 residential units
1,649 residential units in the pipeline
Average rents:
Studio: $1,438
One-bedroom: $1,890
Two-bedroom: $2,674
$831,574 median sale price of a home
RETAIL & HOSPITALITY
2.5M annual visitors to the Penn Avenue Business
District (2021)
8 new businesses (2021–2022)
16 new businesses in the pipeline (2021–2022)
2 business closings (2021–2022)
427 hotel rooms
140 hotel rooms in the pipeline
TRANSPORTATION
5 Pittsburgh Regional Transit bus routes operate through the
Strip District
4,330 public off-street parking spaces
19,357 Spin scooter trips (July – Dec. 2021)
$12.67 average daily parking rate
$184 average monthly parking rate
Walk Score: 76 most errands can be accomplished by foot
Transit Score: 52 many nearby public transportation options
Bike Score: 89 biking convenient for most trips