Solutions to CBD Parking and Talent Recruitment
If you're established in the Central Business District of Pittsburgh PA, the high cost of parking, to you or to your employees, is nothing new. Parking costs have contributed in pushing many companies out of the CBD and into the suburbs, where newer developments factored in higher parking capacity than what was included in and and around the iconic office buildings downtown.
But moving into the suburbs comes with its own challenges.
The further you get from the center, the hub of transit infrastructure and the literal center of the Pittsburgh urban/suburban labor pool, the more complicated commuting issues become for employees. This strains recruitment and retention.
Not only might you lose employees by relocating, but now you become confined to a particular sub-market to locate replacements.
Several new high-rise office buildings in the CBD have attempted to solve these issues with parking garages built in (or should I say, under) the office tower.
But with new construction, at peak labor and material costs, come much higher rents.
Enter 2 Chatham Center.
On the fringe of all the new development in the CBD, 2 Chatham Center is positioned perfectly to benefit from increased exposure, foot traffic and buzz of the now under construction I579 Cap Project that is underway, connecting foot traffic to the CBD with an aerial green walkway.
2 Chatham Center is a also brilliantly situated at the forefront of the what many consider the next waive of urban redevelopment, in the city's "Uptown" area, and 2 Chatham benefits from an high office tower parking ratio of 7.29/1,000 SF with reduced rates for tenants.
But what does that mean?
It means that employees have plenty of room for safe, secure parking, on site, with access to public transit.
Employers benefit from a central location, where parking density issues are non-existant and include discounted rates. The economics become more attractive because of smart building management that has kept rental rates competitive in the first class office tower.
Additional benefits include:
- Suites from 1,000 SF – 47,000 SF47,000 SF of contiguous space can be assembled for a larger user
- Short-term parking available to all tenants
- Semi-private outdoor plaza & fountain
- Fitness Center
- Conference room that seats over 100
- Panoramic views
- Chatham Center includes a 400 room Marriott Hotel, Starbucks & Steelhead Grill
- Located in a Keystone Innovation Zone; an incentive program to provide tax credits to for-profit companies
For companies that want to remain relavant in downtown Pittsburgh, but that need a solution for parking and employee transit, it's a great time to consider 2 Chatham Center.
For more information, available suites, or to arrange a tour, call me at (412) 391 - 2602 and ask for Darin Shriver, VP of Brokerage and Leasing at Cushman & Wakefield - Grant Street Associates.