Colliers' Pittsburgh Office

Tag: Pittsburgh

  • OXFORD DEVELOPMENT COMPANY EXPANDS MARKETING EFFORTS FOR 350 FIFTH AVENUE

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    Colliers | Pittsburgh

    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…

  • Q1 2015 Pittsburgh Office Market Report

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    Colliers | Pittsburgh

    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…

  • Q1 2015 Pittsburgh Investment Newsletter

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    Colliers | Pittsburgh

    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…

  • Q4 2014 Pittsburgh Investment Newsletter

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    Colliers | Pittsburgh

    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…

  • Brookings Institution recognizes Pittsburgh in American’s 50 most crucial, highest-value industries

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    Colliers | Pittsburgh

    Dennis Yoblansky, CEO of Allegheny Conference on Community Development announced exciting news yesterday regarding Pittsburgh’s success in advanced industries: “Our region has turned up in the Top 50 of a new list of U.S. metros capitalizing on advanced industries. Washington, D.C.-based think tank, the Brookings Institution and its Metropolitan Policy Program, released “America’s Advanced Industries”…

  • Q3 2014 Pittsburgh Industrial Market Report

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    Colliers | Pittsburgh

    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…

  • Q3 2014 Office Market Report

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    Colliers | Pittsburgh

    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…

  • Q2 2014 Pittsburgh Industrial Market Report

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    Colliers | Pittsburgh

    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…

  • Pittsburgh possesses beauty, brains and a new economy

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    Colliers | Pittsburgh

    Sources: Pittsburgh Business Times, Chicago Tribune, Huffington Post, Pittsburgh Post Gazette Chicago Tribune travel writer Josh Noel described Pittsburgh as “one of our nation’s most underrated cities, with a beauty as breathtaking as it is obvious” in his January 4th article titled “New meets old in Pittsburgh.” While this is true to anyone who has…

  • Q3 2013 Pittsburgh Office Market Highlights

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    Colliers | Pittsburgh

    Pittsburgh’s Office Market Strength Continues The market for office space in downtown Pittsburgh and its surrounding suburbs remains as vibrant and tight as ever. At 91.9%, the overall occupancy rate certainly surpasses the national average of just over 88%, and rental rates have climbed to $18.84 per square foot. Development continues to surge as well,…