Tag: market report
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Q425 Industry Market Reports
That’s a wrap on the holiday season and the final quarter of 2025! We hope all of our clients and colleagues had a great year; ours was peppered with some significant closings and a handful of new listings, and we’re looking forward to upping both those numbers in 2026! The office sector signaled continued signs…
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Q325 Industry Market Reports
It’s been a busy quarter here in the Pittsburgh office! Retail, office, and industrial teams each picked up a handful of listings, and the occupier services team is getting their steps in between tours; our research director’s been active with business development and extracurricular volunteerism, while operations and marketing has been holding down the fort…
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Q2 2025 Industry Market Reports
It’s been a soggy second quarter in the Pittsburgh region, but the weather isn’t the only thing putting a dampener on our regional CRE outlook the past few months: national economic uncertainty’s raining on industrial, retail, and office’s parade a bit lately. The industrial sector in Pittsburgh curbed some of its prior momentum amidst an…
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Q1 2025 Industry Market Reports
Spring may be just around the corner, but in true Pittsburgh fashion, the weather still can’t make up its mind. While we wait to see if this year’s winter will actually let up, let’s warm up with our first batch of 2025 market reports! Pittsburgh’s CRE market had a mixed start to 2025. Office vacancies…
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Q4 2024 Industry Market Reports
Happy New Year, everyone! While we’re still defrosting from that tough Steelers loss, there’s plenty to look forward to this season. Take a moment to warm up with Q4’s CRE stats in our last batch of market reports for 2024! The office sector continued its recovery with declining vacancy rates and rising rental rates, though…
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Q3 2024 Industry Market Reports
Summer has officially come to a close, so make sure between Sunday football games and your seasonal Trax Farms visit (or Soergel Orchards, if you’re in the north submarket) you catch up on Q3’s CRE stats in our latest batch of market reports! The regional office market continues to see signs of recovery amidst continued…
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Continued Strength in Q2
Following a strong performance in the first quarter of 2016, Pittsburgh’s office market ended the second quarter with similar strength, boasting a vacancy rate of just 7.7%. The average rental rate, over all classes, finished at a solid $20.40 per square foot. Overall, Pittsburgh’s Central Business District (CBD) posted a declining vacancy rate of 8.3%,…
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Q4 2015 Pittsburgh Office Market Report
Office Market May be Nearing Peak At the conclusion of 2015, Pittsburgh’s office market is beginning to show signs of peaking. Overall office vacancy rates for the 4th quarter increased slightly over 3rd quarter results from 8.1% vacant to 8.3% vacant at year end. Rental rates for office space in all submarkets and classes decreased…
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Q4 2014 Pittsburgh Industrial Market Report
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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Q2 2014 Pittsburgh Industrial Market Report
Q2 2014 Pittsburgh Still Positive Although deal volume in the second quarter was not as robust as the first, activity remained brisk. The expectation is that the third quarter will bring more transactions from the tenants and buyers currently scouring the market. Scouring is the appropriate term given the only potential impediment to increased activity…
Colliers' Pittsburgh Office 