Happy New Year, Pittsburgh! We’ve got the last bit of 2023 wrapped up for you in our Q4 reports, featuring market data and insights from the previous three months. The regional office sector has shown signs of gradual recovery, but continued mirroring national trends of increased vacancy rates and decreased absorption. Pittsburgh’s industrial market has maintained stabilization amidst new construction and positive absorption levels, while the local retail sector experienced an uptick in leasing activity driven by the emergence and expansion of both new and existing retail brands.
Interested in reading more? Every quarter our firm assembles market reports on regional developments, notable transactions, market indicators and statistics. Please review our most recent collection of Office, Industrial, and Retail reports for more comprehensive data.
🏢 Click here for the Q4 2023 Office Report.
🏭 Click here for the Q4 2023 Industrial Report.
🏪 Click here for the Q4 2023 Retail Report.
About Colliers
Colliers is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 17,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $4.1 billion and $45 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
Colliers' Pittsburgh Office 