Spring may be just around the corner, but in true Pittsburgh fashion, the weather still can’t make up its mind. While we wait to see if this year’s winter will actually let up, let’s warm up with our first batch of 2025 market reports!
Pittsburgh’s CRE market had a mixed start to 2025. Office vacancies inched up, but some submarkets still saw growth. Industrial kept its momentum, with rental rates climbing despite a slight vacancy uptick. Retail had a bumpier ride, with rising vacancies and shifting demand mirroring general economic trends; while the market had its moments, there are still bright spots as we head into the rest of the year. 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 crew.
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 Q1 2025 Office Report.
🏭 Click here for the Q1 2025 Industrial Report.
🏪 Click here for the Q1 2025 Retail Report.
🏠 Check back soon for the Q1 2025 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 