Duolingo amends Pittsburgh office lease, expanding space to 148,266 square feet
On March 4, 2024, Duolingo signed the First Amendment to its Pittsburgh office lease with 5704 Penn Office, LLC. The amendment adds 110,008 square feet starting August 1, 2025, for a total of 148,266 square feet, and extends the expiration date to April 30, 2036. The filing also discloses the added rent obligation, which means a longer fixed rent commitment for shareholders to weigh against the expanded space.
Key points
- First Amendment signed March 4, 2024 adds 110,008 square feet, bringing the total to 148,266 square feet beginning August 1, 2025.
- Initial base rent on the additional space is approximately $394,000 per month, rising about 2.0% per year, with roughly 9% increases in the third and fifth years tied to added parking access.
- Lease expiration extends to April 30, 2036.
- Landlord will provide an improvement allowance of up to approximately $6.6 million for design, permitting and construction.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 05, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.