Category: Economy
-
COVID-19 Impact on Pittsburgh Commercial Real Estate
Click the link below to see what the Colliers International | Pittsburgh brokers are saying about the impact of COVID-19 on the Pittsburgh Commercial Real Estate Market. COVID-19 Impact on Pittsburgh Commercial Real Estate
-
Colliers Pittsburgh Agency Team Speaks at Pittsburgh Robotics Network Quarterly Meeting
Above left to right: Paul Horan, Edward Lawrence On Monday, February 17th, Colliers International | Pittsburgh participated in the quarterly meeting of Pittsburgh Robotics Network in the current offices of Hebi Robotics, the Chocolate Factory in Lawrenceville. Paul Horan and Edward Lawrence of the Colliers Pittsburgh Office Brokerage Team delivered a comparative overview of the…
-
Pittsburgh Earns Highest Investment Score Since 2007
Every year, the Allegheny Conference and Pittsburgh Regional Alliance release a Business Investment Scorecard for the Pittsburgh region. The scorecard serves as a data snapshot of Pittsburgh’s economic development progress while highlighting specific changes in the region’s investment landscape. The scores are created by taking into account regional investment deals, capital expenditures and new and…
-
Pittsburgh Ranked Best City for Jobs
The Steel City has claimed yet another accolade to add to its growing list. USA Today recently voted Pittsburgh as the best large metro area for jobs. The rankings were based on “the number of hiring opportunities relative to population, the area’s affordability and job satisfaction,” according to Glassdoor.com, a website which allows former and…
-
Q4 2015 Pittsburgh Office Market Report
Office Market May be Nearing Peak At the conclusion of 2015, Pittsburgh’s office market is beginning to show signs of peaking. Overall office vacancy rates for the 4th quarter increased slightly over 3rd quarter results from 8.1% vacant to 8.3% vacant at year end. Rental rates for office space in all submarkets and classes decreased…
-
Q3 2015 Pittsburgh Retail Market Place Newsletter
The Pittsburgh retail real estate market continues to be strong. The vacancy rate across all retail property types dropped to 3.5% during the last quarter, although the numbers are skewed upward by large vacancies in a few submarkets. The market for prime anchored shopping center space is extremely tight and the effective vacancy rate for…
-
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,…
-
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”…
Colliers' Pittsburgh Office 