Tag: Office
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Q1 2015 Pittsburgh Office Market Report
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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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Colliers International | Pittsburgh Represents Regulatory & Quality Solutions LLC (“R&Q”) in New Lease at 2790 Mosside Boulevard
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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
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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
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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
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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
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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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Q2 2013 Pittsburgh Office Market Report
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The Pittsburgh market continued to outpace the national average in the second quarter of 2013 as the overall office vacancy decreased 0.1% to 8.0% compared to 17.0% nationally. Despite an average rental rate increase of $0.15 to $18.63 in the market, Pittsburgh remains a value to businesses in comparison to the nationwide average rental rate…
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Hertz Investment Group & Colliers International | Pittsburgh Gateway Center Open House
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Hertz Investment Group & Colliers International | Pittsburgh hosted an Open House to promote leasing opportunities at the Gateway Center Complex on Wednesday, May 22, 2013, on the seventeenth floor of One Gateway Center. Approximately 40 brokers from the Western Pennsylvania commercial real estate brokerage community attended the event. “Colliers International | Pittsburgh enjoys hosting events…
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