Shadyside Office Space for Rent
Named after a farm that once stood in this picturesque pocket in the East End, Shadyside is today a blend of urban bustle and residential calm. This blend of modernity and convenience appeals to residents, drawing more and more businesses to the Shadyside office space market.
Shadyside is home to a top UPMC campus, Shadyside Hospital. This 150-year-old hospital is consistently rated one of the top 20 in the nation by U.S. News. The proximity to Carnegie Mellon University, University of Pittsburgh, and Chatham University is ideal for businesses looking to recruit talent from an array of disciplines.
This accessibility to top talent has drawn a high concentration of healthcare and tech businesses to and around Shadyside, as well as smaller-scale architectural and legal firms.
Shadyside Office Space | Lease Data & Trends
Shadyside is part of the greater East End commercial real estate submarket, which, together with Oakland, accounts for 2 million square feet of inventory — a fraction of the urban Pittsburgh office space total of 29 million square feet. With a total vacancy rate of just 5% in the East End and Oakland district, both the average and Class A asking rates are higher than nearby neighborhoods.
East End’s commercial real estate inventory is limited, with only 100,000 square feet of total Class A inventory leasing for around $35 per square foot. The remaining million-plus square feet of Class B office space leases for more than $25 per square foot, steeper than the Metro Pittsburgh average of $22. The overall area has nearly 200,000 square feet in development, primarily Class A inventory.
What Our Brokers Say About Shadyside Office Space for Rent
Shadyside shares a border with East Liberty, making it easy to access the city’s growing tech-driven sector. Workers in Shadyside looking to take a break can go for a scenic stroll across the artful East Side Pedestrian Bridge to get there, or drive down South Highland to the expansive retail complex.
The Pittsburgh Google offices are spread through four floors in nearby Bakery Square, with an additional two across the street at Bakery Square 2.0.
Shadyside is known for being highly walkable, and ranks a high 88 Walk Score. Commuters who choose to bike will also find the area easy to traverse, as it has an 84 Bike Score. Public transport is also easily accessible from Shadyside, as the neighborhood is well serviced by multiple buses. The express busway stops are located on Negley Avenue (between Ellsworth and Centre avenues) and on Ellsworth Avenue (at Shady Avenue). Those who choose to drive to the neighborhood will find street parking is easy to navigate.
Shadyside is close to downtown – the P1 takes just over 20 minutes to reach Smithfield at Sixth from Shadyside, and driving, even less. This makes it ideal for companies seeking the convenience of accessibility, but the perks of a more spacious, quieter area.
Proximity to Dining, Arts, and Culture
The three business corridors – Walnut Street, Ellsworth Avenue, and South Highland Avenue – are all within walking distance of each other. Walnut Street is a world-class shopping destination, with major retailers standing next to local gems, like the city’s oldest jewelry store. Local restaurants and bars like Mario’s East Side Saloon, Steel Cactus, and Pamela’s Diner – where lines are apt to stretch past the door during breakfast hours – are all concentrated here as well. During warmer months, the street hosts a summer concert series, Jam on Walnut (each show draws over 5,000 attendees) and a juried art show, the Shadyside Arts Festival.
On its border is the Pittsburgh Center for the Arts – where Keith Haring got his start, and where today a steady stream of visual shows and educational events is perfect for culture- and art-oriented businesses. Mellon Park trickles over into Shadyside from Point Breeze. Its walled gardens, leftover from the former estate that held Richard Beatty Mellon’s 60-room mansion, have statues and greenery, both of which are popular with workers and families.
Since Shadyside shares a border with Oakland, it’s close to most of the city’s other top universities. Carnegie Mellon and University of Pittsburgh are both under a 10-minute drive, and about a 20-minute bus ride, from Shadyside.
For business lunches, our team recommends Cafe Zinho, Spoon, Acorn, and Umi Restaurant.
Get to Know Shadyside
Historic meets hip in the residential component of Shadyside. Up until the mid-19th-century, the region was comprised nearly entirely of woods and farmlands. Families began moving into the stately Victorian mansions that take up the side streets in the 1920s, marking the neighborhood with its residential characteristics. Roslyn Street is reputed to be the oldest street in the country to use wood as its paving material. This small, 18-home cul-de-sac is tucked away off Ellsworth Avenue, and celebrated its 100-year marker in 2015.
Today, the combination of multiple-storied homes and wide lawns gives a true neighborhood feel with a decidedly urban touch, thanks to its proximity to Downtown. The three busy corridors also draw steady foot traffic to the confines of the neighborhood.
Since the 1920s, Shadyside has drawn a mix of residents ranging from affluent families and young professionals to artists and musicians. Today, the neighborhood extremely popular among millennials in Pittsburgh: Over half of the population of Shadyside is between the ages of 18 and 34. Many residents are either students or faculty at the nearby schools.