Tag: Pittsburgh Commercial Real Estate
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Q3 2015 Pittsburgh Retail Market Place Newsletter
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The Pittsburgh retail real estate market continues to be strong. The vacancy rate across all retail property types dropped to 3.5% during the last quarter, although the numbers are skewed upward by large vacancies in a few submarkets. The market for prime anchored shopping center space is extremely tight and the effective vacancy rate for…
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Colliers International | Pittsburgh Represents Big Heart Pet Brands in Prominent North Shore Sublease
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There is a new sublease opportunity in town, one with an iconic riverfront address and prominent signage opportunity that everyone south of the Allegheny can see. The former Big Heart Pet Brand space at 375 North Shore Drive offers 103,747 square feet of Class A office space with a training/meeting facility, full fitness center with…
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Colliers International | Pittsburgh Enjoys Afternoon at PNC Park
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Colliers International | Pittsburgh hosted their 4th annual outing to PNC Park as the Pittsburgh Pirates took on the Chicago Cubs. Despite the Cubs 9-6 win over our beloved Buccos, everyone enjoyed the afternoon full of greasy food, beautiful weather and great company! The Pirate outing was yet another success that gave Colliers International |…
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Colliers International | Pittsburgh Hosts Colliers Regional Meeting at PNC Park
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Commercial Real Estate professionals from several Colliers International offices convened in Pittsburgh last week for two days of networking, meetings, and presentations. The Pittsburgh Regional Alliance, Civil & Environmental Consultants, and Oxford Development sponsored this inaugural Colliers Regional Meeting at PNC Park. Brokers and service line leaders from Colliers International travelled from California, Connecticut, Illinois,…
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OXFORD DEVELOPMENT COMPANY EXPANDS MARKETING EFFORTS FOR 350 FIFTH AVENUE
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Partnership with Colliers International takes Project Nationwide Oxford Development Company today announced a partnership with Colliers International to expand the marketing of 350 Fifth Avenue. “Oxford has been working with potential clients in the Pittsburgh market for the lease up of 350 Fifth Avenue,” said Steven J. Guy, President and CEO. “We felt that it…
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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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Q1 2015 Pittsburgh Investment Newsletter
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OUR CRE WORLD IS FLAT: LEVEL OCCUPANCY RATES, DECLINING ASKING RATES – BUT HEY, WE’LL TAKE IT The OFFICE MARKET in the Pittsburgh MSA slipped from an overall vacancy rate of 8.0% in 4Q 2014 to the current 8.1% in 1Q 2015. This compared to a higher vacancy rate of 8.3% one year ago. Absorption in…
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Q4 2014 Pittsburgh Investment Newsletter
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RETAIL MOVE OVER! OFFICE MARKET SHINES IN 4TH QUARTER; INDUSTRIAL SOFTENS SLIGHTLY Office Market Sees Big New Construction Numbers The Office Market in the 4th quarter saw an 8.1% overall vacancy rate, improving from the 3rd quarter’s 8.4% rate, with a positive absorption rate of 868,224 SF. Better yet, the overall asking rate when from…
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