Tag: Pittsburgh Industrial Market Report
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Q4 2023 Industry Market Reports
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Happy New Year, Pittsburgh! We’ve got the last bit of 2023 wrapped up for you in our Q4 reports, featuring market data and insights from the previous three months. The regional office sector has shown signs of gradual recovery, but continued mirroring national trends of increased vacancy rates and decreased absorption. Pittsburgh’s industrial market has…
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Q3 2023 Industry Market Reports
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It’s that time of year again: we’re releasing our Q3 reports for 2023, featuring regional statistics and information regarding the office, industrial, and retail commercial real estate markets. We hope you’re enjoying the cooler weather, as well as some of the positive speculation looking into 2024’s CRE market. Our regional office market saw an expected…
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Q2 2023 Industry Market Reports
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It’s officially summer in Pittsburgh, although the weather lately has been about as mixed as the market conditions throughout Q2. Our regional office sector saw a decrease in vacancy rate, but also increased negative absorption over the past several months. The local retail market enjoyed relatively stable rental rates, although limited new construction has created…
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Q1 2023 Industry Market Reports
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Welcome to spring! We hope you’ve been enjoying (slightly) warmer temperatures and the extra daylight as we prepare to wrap up the first quarter of the new year. Every quarter our firm assembles market reports on regional developments, notable transactions, market indicators and statistics.Please review Colliers | Pittsburgh‘s most recent collection of Office, Industrial, and Retail…
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Q4 2022 Industry Market Reports
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Every quarter our firm assembles market reports on regional developments, notable transactions, market indicators and statistics.Please review Colliers | Pittsburgh‘s most recent collection of Office, Industrial, and Retail reports from the final quarter of 2022. Click here for the Q4 2022 Office Report. Click here for the Q4 2022 Industrial Report. Click here for the Q4…
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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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Q3 2014 Pittsburgh Industrial Market Report
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Q3 2014 Trending Upward As expected the third quarter was an active quarter for lease executions. Net absorption for the quarter was 950,000 SF putting year to date absorption at just under 1,500,000 square feet. This already exceeds 2013’s total absorption of 1,150,000 square feet. With the current activity in the market there is no…
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Q2 2014 Pittsburgh Industrial Market Report
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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…
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Q1 2014 Industrial Market Report
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Q1 2014 Off to a Good Start The first quarter of 2014 bodes well for the remainder of the year. The market is not only active, but deals are closing. This is welcome news given the fact that while the market has seen activity over the last four quarters, the actual transactions were often slow…
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Q3 2013 Pittsburgh Industrial Market Highlights
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Pittsburgh Earns Reputation of Conservative Market The third quarter continued the trend established in the last several quarters. Slow and steady growth with a continuing decline in the vacancy rate – particularly among class A and B inventory. Deal activity witnessed a marginal increase resulting in a drop in overall vacancy from 8% to 7.9%.…
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