Month: May 2014
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Q1 2014 Office Market Report
Activity in the office leasing market in Pittsburgh leveled off in the first quarter of 2014, but overall the market performance continues to exceed typical expectations for the region. The overall office vacancy rate in the region is up slightly to 8.3 percent from 8.1 percent at the end of 2013, while Class A office space in the CBD…
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Q1 2014 Pittsburgh Retail Market Place Highlights
Local Market Update Pittsburgh’s retail market experienced minimal impact the first quarter of 2014. The vacancy rate remained the same at 4% from the previous quarter in 2013, ranking Pittsburgh 12th out of 63 markets nationally, the lowest being San Francisco at 3.4% and the highest is Cleveland at 15.2%. Researchers are forecasting the national…
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Q1 2014 Industrial Market Report
Q1 2014 Off to a Good Start The first quarter of 2014 bodes well for the remainder of the year. The market is not only active, but deals are closing. This is welcome news given the fact that while the market has seen activity over the last four quarters, the actual transactions were often slow…
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Colliers International | Pittsburgh Welcomes Jacob Machel as Research Analyst
Jake Machel joins Colliers International | Pittsburgh as a Research Analyst and Broker-In-Training. His responsibilities include collecting and analyzing past, present and future real estate market statistics; tracking market trends and business movement; and assisting in the formulation of Quarterly Market Reports. While serving as research analyst, Jake is also currently studying the real estate…
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