Category: Economy
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Seasons Greetings from Colliers International | Pittsburgh
From our family at Colliers International | Pittsburgh to yours, we wish everyone a wonderful holiday and very happy new year. Sources: Pittsburgh Post-Gazette, National Retail Federation, Pittsburgh Business Times From the Pittsburgh Symphony Orchestra’s Holiday Pops concerts of holiday favorites, to dueling theatre shows at the Pittsburgh Musical Theater’s “A Lyrical Christmas Carol” and…
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Q3 2012 Pittsburgh Investment Newsletter
Source: Colliers International | Pittsburgh Q3 2012 Pittsburgh Investment Newsletter The momentum of the Pittsburgh commercial real estate market continued during the third quarter of 2012 as all major asset classes experienced a vacancy rate compression. A strong local economy coupled with a growing population is the primary driver of the positive economic trend. Throughout…
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Demand for Industrial Product Continues to Grow Steadily
Source: Colliers International | Pittsburgh Q3 2012 Pittsburgh Industrial Market Report Pittsburgh’s lack of available industrial inventory in the region has caused demand to continue to grow. With short supply in sight, companies who are expanding or relocating to the region are looking to developers for build-to-suit and speculative construction plans. The Parkway West has…
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Q2 2012 Pittsburgh Retail Services Market Place Newsletter
The retail services team at Colliers International | Pittsburgh provides integrated commercial real estate retail services to our clients. Locally, we operate across the ten counties that comprise Western Pennsylvania, and parts of West Virginia. In addition to accelerating the success of our local clients, we are able to collaborate with the Colliers International global…
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Central Business District Booming with News of Office Space Development
Sources: Q2 2012 Pittsburgh Office Market Highlights; CoStar Excitement is growing for the possibility of new downtown Pittsburgh high rise buildings, offering a blend of new office and retail space. Development plans announced in Q2 2012 are all located near Market Square, fresh off a $5 million makeover. The Pittsburgh Business Times and CBS Pittsburgh reported…
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Manufacturing brings Energy to Pittsburgh Industrial Market
Sources: Colliers International | Pittsburgh Q2 2012 Pittsburgh Industrial Market Report; CoStar Hitting 2012’s halfway mark, manufacturing is having its moment. With the steel industry no longer the primary economic driver, Pittsburgh has prevailed, with a diversified manufacturing base spread out across many industries, including fabricated metals, primary metals and machinery. Geographic clustering of Marcellus Shale…
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Energy Inc. Conference and Tradeshow Accelerates Discussion on Future of Marcellus & Utica Shale in the Tri-State Area
Sources: Observer Reporter; Pittsburgh Post-Gazette; Pittsburgh Business Times Southwestern Pennsylvania is poised to become a petrochemical and manufacturing world leader. Interest in how Marcellus & Utica Shale could transform Southwestern Pennsylvania into a chemical and manufacturing powerhouse was accelerated during the Energy Inc. Conference and Tradeshow, presented by Range Resources at the David L. Lawrence…
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Boundary Spanning: A New CRE Paradigm
Source: Colliers International Eighty-six percent of senior executives interviewed for a Center for Creative Leadership (CCL)® study believe it is extremely important for them to work effectively across boundaries, yet only seven percent believe they are currently successful at doing so. Real estate is a key operational business area, instrumental in improving global and regional…
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Industrial Activity Slow, Yet Steady
Vacancy up, while available inventory challenges demand Sources: Q1 2012 Pittsburgh Industrial Market Report Highlights; CoStar There is no corresponding amount of good or bad news for the Pittsburgh industrial market, which has remained strong and steady during an uncertain US economy. The biggest challenge our region faces is inventory. This can be favorable during…
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ICSC Convention Brings Optimism for Retail Sector Recovery
Source: CoStar, Colliers International Colliers International and the Retail Services Group made a big splash at this year’s ICSC RECon convention in Las Vegas, May 20–23. More than 260 Colliers professionals attended– a record number for this event. Total conference attendance exceeded 30,000. An estimated 1,000+ business development meetings were held in our booth and…
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