Tag: Pittsburgh Commercial Real Estate
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Pittsburgh’s Overall Vacancy Rate Dips Below 8%
Source: Q4 2012 Pittsburgh Office Market Report During the fourth quarter of 2012, Pittsburgh’s overall office vacancy rate decreased to 7.9%, continuing an ongoing positive trend. Behind the stability of Pittsburgh’s banking sector, the strength of local health insurance companies and the under-the-radar growth of many high-tech companies, Pittsburgh continues to be one of the…
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Pittsburgh Enjoys Positive Industrial Absorption – Although Lack of New Class A Industrial Warehouse Product Still Remains
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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Colliers International | Pittsburgh Represents La Prima Espresso as Tenant
– Secures 4,000 SF building for relocation of roasting operation to the North Side – Colliers International | Pittsburgh is proud to announce that La Prima Espresso will be moving its roasting operation out of the Pennsylvania Railroad Fruit Auction and Sales building in the Strip District to a 4,000 square foot building located at…
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Pittsburgh continues revitalization with several redevelopment initiatives
Sources: Fifth Avenue Lofts, Pittsburgh Post Gazette, Fourth River Development, New York Times, Architectural Record It is a very exciting time to live, work and play in the Pittsburgh region. With redevelopment projects slated for future construction, and sustainable improvements and investments in infrastructure, Pittsburgh is gaining notable recognition as a city with think forward strategies…
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HDS Marketing Leases 34,000 SF in West Pittsburgh Business Park at 1000 Napor Boulevard
HDS Marketing has leased 34,230 square feet at 1000 Napor Blvd. in Pittsburgh, PA. Occupancy is set for later in the first quarter of 2013. +/- 26,000 SF remains available for lease. The original building was 190,000 SF with several out buildings, and was constructed in 1970. The Sampson Morris Group purchased the property and…
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The Pittsburgh Market: 2012 Accolades and 2013 Honors
Sources: Allegheny Conference on Community Development; Imagine Pittsburgh; National Geographic Traveler, Sperling’s BestPlaces; Brookings Institute; The Economist; Bloomberg Businessweek; The Fiscal Times; Pittsburgh Post-Gazette, Pittsburgh Business Times; Pittsburgh Post-Gazette Pittsburgh has a new and amazing year ahead of itself. Our reinvented economy is among the factors offering plenty to celebrate, as 2013 marks the 30…
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2012 in review
The WordPress.com stats helper monkeys prepared a 2012 annual report for this blog. Here’s an excerpt: 600 people reached the top of Mt. Everest in 2012. This blog got about 5,700 views in 2012. If every person who reached the top of Mt. Everest viewed this blog, it would have taken 10 years to get…
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Seasons Greetings from Colliers International | Pittsburgh
From our family at Colliers International | Pittsburgh to yours, we wish everyone a wonderful holiday and very happy new year. Sources: Pittsburgh Post-Gazette, National Retail Federation, Pittsburgh Business Times From the Pittsburgh Symphony Orchestra’s Holiday Pops concerts of holiday favorites, to dueling theatre shows at the Pittsburgh Musical Theater’s “A Lyrical Christmas Carol” and…
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Q3 2012 Pittsburgh Investment Newsletter
Source: Colliers International | Pittsburgh Q3 2012 Pittsburgh Investment Newsletter The momentum of the Pittsburgh commercial real estate market continued during the third quarter of 2012 as all major asset classes experienced a vacancy rate compression. A strong local economy coupled with a growing population is the primary driver of the positive economic trend. Throughout…
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Demand for Industrial Product Continues to Grow Steadily
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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