Downtown Pittsburgh office rents might be approaching new heights but not to fear, look towards the fringe for trophy spaces outside the CBD. When brokers mention “fringe” markets in Pittsburgh we typically think of the obvious neighboring Strip District, Oakland, East End, and North Shore. What has not been included in fringe to date is Greentree Hill, less than 2 miles outside the Fort Pitt Tunnels, connecting Downtown to the South Hills. Greentree Hill offers a 7-minute commute to the heart of the CBD, direct public transportation with a variety of stops, walkable amenities, parks and exercise trails, and not to mention FREE PARKING! How could Greentree Hill not be considered “fringe”?
Jim Scalo, President of Burns Scalo Real Estate (BSRE), embodies this claim having meticulously developed Class A commercial spaces, The Bentley and Greentree Primary Care Center (GPCC), directly off 376’s Greentree exit. Jim Scalo shares, “The Bentley building is the newest most exciting building in thePittsburgh marketplace! It sits proudly at the top of the Greentree Hill and is a boutique building with massive visibility and access.
With a high demand for premium office space Downtown comes a low supply for Pittsburgh’s growing newcomers searching for a sophisticated home-office with walkability and surrounding amenities. The increase in demand for high-class commercial space has been driven by the tech and robotics boom started by Google and Uber in combination with the nearby universities. “Larger tech companies are beginning to look to suburbs for available land to construct their premium headquarters,” states Scalo who has landed both Ansys and Rice Energy as full building users in Southpointe, passed the Greentree Hill fringe. Businesses are no longer afraid, nor do they have the choice to be with Pittsburgh’s popularity, of pushing the boundaries of urban fringe.