That’s a wrap on the holiday season and the final quarter of 2025! We hope all of our clients and colleagues had a great year; ours was peppered with some significant closings and a handful of new listings, and we’re looking forward to upping both those numbers in 2026!
The office sector signaled continued signs of improvement as steady leasing activity and a slight increase in overall asking rates occurred, despite a minor (0.7%) increase in vacancy. Pittsburgh’s industrial scene witnessed positive net absorption for the first time since Q1 2025(!), although vacancy increased slightly and overall asking rates took a minor dip. The retail market maintained some minor fallout from recent bankruptcies and big box closures (we’ll miss you, Rite Aid and Big Lots) with an 0.6% increase in vacancy, but overall asking rates still climb upward, sitting at a current rate of $14.79 per square foot.
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 2025 Office Report.
🏭 Click here for the Q4 2025 Industrial Report.
🏪 Click here for the Q4 2025 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 
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