Author: Colliers | Pittsburgh
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Q4 2014 Office Market Report
In the fourth quarter of 2014, Pittsburgh office vacancy decreased by 0.03% for an overall vacancy rate of 8.1%. Contributing to this growth is Pittsburgh’s continued momentum in the areas of energy, banking, health care and research and a vibrant CBD housing market. Although growth continues to be promising, anticipated major vacancies will occur in…
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Q4 2014 Pittsburgh Retail Market Place
Local Market Update The Pittsburgh retail market continued to remain strong during the fourth quarter of 2014. Vacancy rates decreased slightly to 3.7% from the previous quarters 3.8%. Total inventory as of the fourth quarter was 135,697,548. Lease rates remained relatively steady with an average of $12.20 per square foot across all class types, which…
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Q4 2014 Pittsburgh Industrial Market Report
Q4 2014 Static Finish to the Year The fourth quarter of 2014 finished without the anticipated flourish that it was trending toward. Vacancy actually crept up three basis points from 7.2% to 7.5% while absorption for the quarter experienced a negative 591,656 square feet. This is the largest negative quarter since 2009 and all others,…
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Pittsburgh named best downtown in America
Livability.com recently published its 2015 Top 10 Best Downtowns, naming Pittsburgh as number one. The site attributes the top ranking to the “uniquely positioned downtown” that lies between the Allegheny and Monongahela rivers, the variety of entertainment options, as well as “low vacancy rates, a high number of new homeowners, walkable neighborhoods and a high…
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Patrick Sentner recognized as 2014 Everest Club Member
Founding Principal Patrick Sentner, SIOR of Colliers International | Pittsburgh has been recognized by Colliers International as an Everest Club Member for top performance during the 2014 fiscal year. This is the second time he has received the award. The Everest Club highlights the top 10% of all Colliers International agents in Canada, Latin America…
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Brookings Institution recognizes Pittsburgh in American’s 50 most crucial, highest-value industries
Dennis Yoblansky, CEO of Allegheny Conference on Community Development announced exciting news yesterday regarding Pittsburgh’s success in advanced industries: “Our region has turned up in the Top 50 of a new list of U.S. metros capitalizing on advanced industries. Washington, D.C.-based think tank, the Brookings Institution and its Metropolitan Policy Program, released “America’s Advanced Industries”…
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Colliers International | Pittsburgh Represents Regulatory & Quality Solutions LLC (“R&Q”) in New Lease at 2790 Mosside Boulevard
R&Q has signed a lease at 2790 Mosside Boulevard for approximately 6,900 SF of executive and professional office space. Jessica Jarosz, Vice President of Occupier Services at Colliers International | Pittsburgh exclusively represented R&Q in the transaction. R&Q will be moving its headquarters from a small office building in Murrysville, PA later this month. 2790…
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Colliers International | Pittsburgh names Edward Lawrence and David Thor as Principals
Colliers International | Pittsburgh, a commercial real estate leader in Western Pennsylvania, is proud to announce the promotion of two of its leading professionals. Effective immediately, Edward Lawrence’s title is Principal | Office Brokerage and he is responsible for landlord representation and office brokerage activities. In the past year, Mr. Lawrence completed 60 transactions and…
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Alexis Wilkerson Joins Colliers International | Pittsburgh Office Team
Alexis Wilkerson joins Colliers International | Pittsburgh as an Associate with the Office Brokerage team. She will specialize in landlord representation. Alexis began her career with Colliers over two years ago serving as a marketing and research intern for the Occupier Services group. During this time she aided in completing various research requirements, coordinating database…
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Gregg Broujos puts an exciting new owner in Curry Hollow Center
Managing Director and Founding Principal, Gregg Broujos successfully completed the sale of Curry Hollow Center at the end of 2014. The 260,000 square foot retail property sold for $4.4 million. Although the retail center is a bit outdated, Gregg has complete confidence in the new owner’s ability, “He and his family have repositioned other assets like this ….…
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