Shorenstein Sets Bar High for Downtown Pittsburgh
By
Tony Seruga
One Oxford Centre commands unprecedented office rent for the Golden Triangle.
One Oxford Centre in Pittsburgh
Pittsburgh–
Shorenstein Properties, the new owner of One Oxford Centre in Pittsburgh, is asking $34 per square foot for the building’s office space. This amount marks the highest asking rent price for the city’s downtown–
colloquially referred to as the Golden Triangle–which might cause a ripple effect throughout the area, the
Pittsburgh Post-Gazette reported.
Downtown Pittsburgh average asking rates for Class A office space currently range from $27.70 to $29.17 per square foot. Even the office space in the newly opened
Tower Two Sixty near Market Square, which goes from $30.50 to $32 per square foot, isn’t as expensive as the 45-story skyscraper at 301 Grant St…
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