Category: Economy
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Pittsburgh Commercial Real Estate Market Continues to Strengthen
Source: Q1 2012 Pittsburgh Office Market Report Highlights; CoStar The demand for office space in Pittsburgh has strengthened due to a number of factors positively impacting the overall health of the market. In the Central Business District the “Med’s” (UPMC and Highmark) continue to expand by leasing additional Class A office space, while the “Ed’s” (Point…
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High-Tech Firms, New Development Eyeing East Liberty
Sources: Pittsburgh Magazine; Details.com; CBS Pittsburgh East Liberty is emerging as a promising location for businesses catering to the advanced technology industry. Located within a few miles of Oakland’s university community, and even closer to the upscale residential districts of Shadyside and Highland Park, East Liberty has a flourishing start-up scene, and is poised to become…
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Pittsburgh No. 3 among corporate facility rankings
Sources: Pittsburgh Business Times, Site Selection Magazine Site Selection magazine’s roster of the nation’s top metro areas for new or expanded corporate facilities shows Pittsburgh climbing the ranks, from eighth the previous year, to third place in 2011. The magazine’s ranking counted 141 new corporate facilities in the region in 2011. The activity was enough…
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Post-recession job rankings rule in favor of Texas and Pittsburgh
Source: The Business Journals Post-recession job rankings have ruled in favor of both Texas and Pittsburgh. The Business Journals recently reported Pittsburgh has added 10,500 private-sector jobs since early 2008, putting it with Houston (up 49,500) and Austin (up 29,600) in the exclusive club of major markets with four-year gains of 10,000 jobs or more.…
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Green Building Alliance searching for green-minded building owners
Sources: Pittsburgh Business Times, Green Building Alliance, Eco Home Magazine, Architecture 2030 The Green Building Alliance (GBA) is on the lookout for ambitious, green-minded building owners Downtown, and perhaps in parts of the North Shore, to be founding members of a pilot program they are developing to commit to the goals of the national Architecture 2030…
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Energy-Driven Markets Power Office Absorption
Sources: Colliers Office Market Report | USA, Allegheny Conference, Pittsburgh Tribune-Review, Pittsburgh Business Times, National Real Estate Investor The Energy industry has played a significant role in the economy’s gradual recovery, according to the new Colliers office market report, which shows that energy markets contributed a disproportionate percentage of total national office absorption in the…
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Colliers International Launches National Student Housing Practice Group as Student Housing Expansion Demands Grow
Sources: Colliers International National Student Housing Practice Group, Pittsburgh Post-Gazette, Essential Public Media Colliers International has launched a National Student Housing Practice Group, specializing in representing clients in the sale of quality student housing assets. The Student Housing Group of Colliers International is one of the most experienced student brokerage teams in the country specializing in…
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The Pittsburgh Market: 2011 Accolades and 2012 Honors
Sources: National Geographic Traveler, Financial Times, The Farmers Insurance Group of Companies, Travel + Leisure Magazine, 2011 Mercer Quality of Life Ranking, Politico.com, Allegheny Conference, Washington Post Whether Pittsburgh is being recognized by Forbes.com as Americas Most Livable City, paid tribute in the Financial Times ft.com Rust Belt video feature for emerging as one of the…
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December 2011: Pittsburgh Office Market Highlight
Source: Northeast Real Estate Business Magazine Contributed by Paul Horan, Founding Principal Colliers International | Pittsburgh These are exciting times for Pittsburgh’s Central Business District’s (CBD) office market. Pittsburgh’s CBD Class A office market is experiencing a very favorable vacancy rate of 7 percent. The high levels of occupancy have been driven by strong growth…
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Town Meeting – Economic Outlook 2012
Sources: Pittsburgh Post-Gazette, PNC Financial Services Group, Colliers International Q3 2011 Office North America Highlights On October 24th, at the Heinz History Center, the PNC Financial Services Group presented a Post-Gazette Town Meeting on the economic outlook for 2012. The discussion was moderated by Executive Editor David Shribman, and featured panelists Stuart G. Hoffman, chief economist…
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