Hope you’re not out on an extended 4th of July vacation yet Pittsburgh, because our market reports are out today – hot off the press! Literally, it’s been 90+ degrees out here for the past week.
The office sector continues to show steadying signs of recovery vacancy takes a slight dip amidst hybrid-embracing work policies encouraging users to RTO, albeit in smaller and increasingly amenitized spaces. The industrial sector saw a slight decline in lease rate, accompanied by a larger decrease in overall vacancies. Retail still struggles with area undersupply, but the incoming completion of a few notable developments within the next year promises to deliver much-needed square footage to meet sector demands. The multifamily market is sitting pretty amidst high occupancy and lease rates this quarter.
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, Retail, and Multifamily reports for more comprehensive data.
🏢 Click here for the Q2 2024 Office Report.
🏭 Click here for the Q2 2024 Industrial Report.
🏪 Click here for the Q2 2024 Retail Report.
🏠 Click here for the Q2 2024 Multifamily 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.
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