Tag: Industrial outlook
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Q4 2014 Pittsburgh Industrial Market Report
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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,…
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Q1 2013 Pittsburgh Industrial Market Report
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Slow Start to 1st Quarter 2013 It’s a marathon, not a sprint – We hope! The Pittsburgh Industrial Market got off to a slow start coming out of the gate in 2013. The 1st Quarter saw very few transactions of significance as buyers and tenants consider the impact of a soft economy, and lingering concerns…
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Pittsburgh Enjoys Positive Industrial Absorption – Although Lack of New Class A Industrial Warehouse Product Still Remains
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Source: Q4 2012 Colliers international | Pittsburgh Industrial Market Report Pittsburgh continued its pattern of ignoring national uncertainty during the final three months of 2012, and enjoyed another quarter of positive absorption. Unfortunately, the pattern also continued with the sluggish delivery of new Class A industrial warehouse product. Net absorption for the calendar year 2012…
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Demand for Industrial Product Continues to Grow Steadily
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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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Energy Inc. Conference and Tradeshow Accelerates Discussion on Future of Marcellus & Utica Shale in the Tri-State Area
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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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Industrial Activity Slow, Yet Steady
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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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Pittsburgh Industrial Market Snapshot
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Source: NorthEast Real Estate Business August 2011 Publication Contributed by John Bilyak, Principal & Director of Industrial Brokerage at Colliers International | Pittsburgh John Bilyak, Principal & Director of Industrial Brokerage at Colliers International | Pittsburgh, recently contributed to the Northeast Real Estate Business publication, with a feature article that focuses on a snapshot of…
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Pittsburgh among 8 Cities that want your Business
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Source: CNN Money Pittsburgh has long been known for its winning sports teams and world class museums, but these days, Pittsburgh fares well as a top city becoming a hub for technology start-ups. Although we pale in comparison to heavyweights like Silicon Valley, New York, and Boston, the City of Pittsburgh offers compelling incentives to…
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