Q325 Industry Market Reports

It’s been a busy quarter here in the Pittsburgh office! Retail, office, and industrial teams each picked up a handful of listings, and the occupier services team is getting their steps in between tours; our research director’s been active with business development and extracurricular volunteerism, while operations and marketing has been holding down the fort at 525 William Penn Place.

The office market in the Steel City region continues to signal signs of recovery, as steady leasing activity, increasing rental rates, and positive net absorption indicate growing tenant confidence (likely in part due to company mandated RTO strategies). The area’s retail sector threw out some mixed signals in Q3, demonstrating an uptick in vacancy (with notable big box closures partially to blame), but a climb in asking rents and net absorption as well. Pittsburgh’s industrial scene continued to weaken amidst high construction costs and macroeconomic uncertainty, with asking rates and net absorption falling while overall vacancy rose by 0.4%. 

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 Q3 2025 Office Report.

🏭 Click here for the Q3 2025 Industrial Report.

🏪 Click here for the Q3 2025 Retail Report.

🏠 Check back soon for the Q3 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.