Tag: Colliers International | Pittsburgh
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Q4 2013 Pittsburgh Investment Newsletter
Family Office (FO) Commercial Real Estate Services This article is the first of a series that presents various aspects of real estate investment from a comprehensive wealth management perspective. Various relevant topics will include basic real estate asset-class investment characteristics, varying inflation hedging capabilities of public vs. private real estate investments, the market composition of…
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Colliers International | Pittsburgh Announces Elmhurst Group’s Breaking Ground on Schenley Place
Elmhurst Group broke ground December 6, 2013 on Schenley Place, a 105,000 square foot “Class A” office building with seven stories and three levels of underground parking. Schenley Place is located on Bayard Street and Ruskin Avenue in Oakland. Elmhurst Group signed a long-term land lease with First Baptist Church of Pittsburgh for this project, which is…
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Q3 2013 Pittsburgh Investment Newsletter
Third Quarter Leasing and Sales Activity Remains Strong The Pittsburgh market continues to live up to the national hype, posting strong gains in all product types while sales continue to remain solid. The OFFICE MARKET for the Third Quarter of 2013 saw an overall vacancy rate of 8.1% with a quoted rental rate at $18.84.…
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Q3 2013 Pittsburgh Industrial Market Highlights
Pittsburgh Earns Reputation of Conservative Market The third quarter continued the trend established in the last several quarters. Slow and steady growth with a continuing decline in the vacancy rate – particularly among class A and B inventory. Deal activity witnessed a marginal increase resulting in a drop in overall vacancy from 8% to 7.9%.…
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Q3 2013 Pittsburgh Market Place Highlights
Local Market Update Pittsburgh’s retail vacancy rate increased in the third quarter 2013, ending the quarter at 4.3%. Over the past four quarters, the market has seen an overall decrease in the vacancy rate, with the rate going from 4.7% in the fourth quarter 2012 to 4.4% at the end of the first quarter 2013,…
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Q3 2013 Pittsburgh Office Market Highlights
Pittsburgh’s Office Market Strength Continues The market for office space in downtown Pittsburgh and its surrounding suburbs remains as vibrant and tight as ever. At 91.9%, the overall occupancy rate certainly surpasses the national average of just over 88%, and rental rates have climbed to $18.84 per square foot. Development continues to surge as well,…
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Colliers International | Pittsburgh Appoints Lynn Williams as Vice President of Investment Services
Lynn Williams joins Colliers International | Pittsburgh as Vice President of Investment Services. She will be assisting in the acquisition and disposition of investment properties, including multi-family, office, retail and industrial buildings. Williams has been involved in the commercial real estate industry for more than 25 years with a focus on investment management/advisory, asset management…
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