Happy New Year, everyone! While we’re still defrosting from that tough Steelers loss, there’s plenty to look forward to this season. Take a moment to warm up with Q4’s CRE stats in our last batch of market reports for 2024!
The office sector continued its recovery with declining vacancy rates and rising rental rates, though net absorption faced challenges due to new space coming online. The industrial market showed improvements in occupancy, with rental rates increasing for the third consecutive quarter; meanwhile, the retail sector witnessed a significant amount of new product enter the market, which resulted in a moderate rental rate increase. We’re waiting on some data to be finalized before publishing our multifamily report, so check back next week for an update from our capital markets guys.
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 Q4 2024 Office Report.
🏭 Click here for the Q4 2024 Industrial Report.
🏪 Click here for the Q4 2024 Retail Report.
🏠 Check back next week for the Q4 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.
Colliers' Pittsburgh Office 