Category: Office
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Q1 2015 Pittsburgh Office Market Report
The first quarter of 2015 ended with an overall vacancy rate of 8.1% with net absorption totaling a positive 127,251 square feet for the quarter. Sublease space increased during this period ending with 307,784 square feet available. Rental rates finished up $19.84 representing a decrease of 4% adjusted for all classes of available space. The Class A office market…
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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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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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Q3 2014 Office Market Report
The Pittsburgh office market continued its steady growth during the third quarter with increased absorption and an unchanged vacancy rate of 8.4%. The average asking lease rate was up over last quarter to $19.97 per square foot, an increase of 0.7%. Class “A” space continues to be in strong demand, especially in the CBD where the vacancy rate…
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Colliers International | Pittsburgh Selected As Exclusive Leasing Agent for Parkway Center Buildings
New Ownership Group to Make Substantial Capital Investment to Seven of Eleven Buildings in Greentree Office Complex Market Street Real Estate Partners and JDI Realty has announced the selection of full service brokerage firm Colliers International | Pittsburgh as exclusive leasing agent for the group’s newly acquired assets, Buildings One, Two, Four, Six, Seven, Nine and…
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Colliers International | Pittsburgh Announces The Sale of Parkway Center – Buildings One, Two, Four, Six, Seven, Nine and Ten
Colliers International | Pittsburgh is proud to announce the sale of an office complex portfolio and garage located at Parkway Center – Buildings One, Two, Four, Six, Seven, Nine, and Ten in the Parkway West Corridor. The 622,771 SF office complex, situated on 20+ acres, was sold by GPA and GPA II to PWC Pitt, LLC., lead…
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Q1 2014 Office Market Report
Activity in the office leasing market in Pittsburgh leveled off in the first quarter of 2014, but overall the market performance continues to exceed typical expectations for the region. The overall office vacancy rate in the region is up slightly to 8.3 percent from 8.1 percent at the end of 2013, while Class A office space in the CBD…
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Colliers International | Pittsburgh Announces Amizade Global Service-Learning’s New Lease at 3406 Ligonier Street
– Amizade Secures 4,200 SF of Office Space at 3406 Ligonier Street – Colliers International | Pittsburgh is proud to announce that Amizade Global Service-Learning has leased 4,200 SF in the office building located at 3406 Ligonier Street. The 4,200 SF office building, which is located in Lawrenceville, will be the headquarters for Amizade and Global…
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