Walnut Street Shadyside
Description
Pittsburgh’s Retail Corridor
In the heart of Shadyside, Walnut Street rapidly stands as one of The City of Champion’s big name retail corridors – mixing and matching high-end national brands with charming local boutiques. Its history as a neighborhood staple dates back to the 19th century, when it
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street Details
Annual foot traffic
500,000 people/year
Daily vehicle traffic
15,000 vehicles/day
Population
25,000 people within
Day time population
35,000 people within
Household income (median)
$75,000.00 annually
Age (average)
> 35 years old within
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Sample Space 1
1000 SF
Suitable for retail, restaurant, office
Sample Space 2
1500 SF
Suitable for retail, restaurant, office
Sample Space 3
2000 SF
Suitable for retail, restaurant, office
‼️HUGE Announcement‼️
They were saying that Walnut Street had seen its better days! They said online shopping and the malls had forever impacted the shopping district. THEY WERE WRONG! If you’ve been wondering what’s happening inside the former Banana Republic space on Walnut Street… the wait is over.
✨ Coming Soon: (RH) Restoration Hardware ✨
RH is set to open its second Pittsburgh location, marking the only city in America to have two Restoration Hardware locations. They will be taking over the entire 14,000 SF, three-story building at the corner of Walnut and Ivy Streets. This will serve as the flagship RH store for the Pittsburgh market — a major addition to one of the city’s most iconic retail corridors.
This opening marks a major milestone for Walnut Street, which has recently welcomed a wave of new energy. From the reimagined Apple store to Paris Baguette, La Storia, and more exciting announcements on the way! The district is experiencing a powerful retail resurgence.
Congratulations to our client, Walnut Capital, and to Herky Pollock for expertly negotiating this transformative deal.
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Local Expert Analysis
Retail Leasing and Market Dynamics
Rents average below $50 per square foot—an attractive price point given the area’s high visibility and affluent customer base. Vacancy rates are impressively low, under 5%, reflecting strong demand and stability in this premier location. Leasing activity has been steady over the past year, bolstered by the street’s blend of residential density, proximity to university campuses, and its reputation as a preferred destination for brands entering the Pittsburgh market. Recent closures, such as Athleta and Gap, reflect typical market churn rather than a downturn, as evidenced by new entrants and ongoing investments by key tenants like Apple.
Customer Demograph
New Developments
The most significant development on Walnut Street is Apple’s planned expansion, which will see its store double in size to better serve the area’s tech-savvy and affluent clientele. This project underscores the street’s importance as a flagship location for major brands and is expected to attract further interest from national retailers.