Tag: Research

  • Q325 Industry Market Reports

    It’s been a busy quarter here in the Pittsburgh office! Retail, office, and industrial teams each picked up a handful of listings, and the occupier services team is getting their steps in between tours; our research director’s been active with business development and extracurricular volunteerism, while operations and marketing has been holding down the fort…

  • Q2 2025 Industry Market Reports

    It’s been a soggy second quarter in the Pittsburgh region, but the weather isn’t the only thing putting a dampener on our regional CRE outlook the past few months: national economic uncertainty’s raining on industrial, retail, and office’s parade a bit lately. The industrial sector in Pittsburgh curbed some of its prior momentum amidst an…

  • Q1 2025 Industry Market Reports

    Spring may be just around the corner, but in true Pittsburgh fashion, the weather still can’t make up its mind. While we wait to see if this year’s winter will actually let up, let’s warm up with our first batch of 2025 market reports! Pittsburgh’s CRE market had a mixed start to 2025. Office vacancies…

  • Q4 2024 Industry Market Reports

    Happy New Year, everyone! While we’re still defrosting from that tough Steelers loss, there’s plenty to look forward to this season. Take a moment to warm up with Q4’s CRE stats in our last batch of market reports for 2024! The office sector continued its recovery with declining vacancy rates and rising rental rates, though…

  • Q3 2024 Industry Market Reports

    Summer has officially come to a close, so make sure between Sunday football games and your seasonal Trax Farms visit (or Soergel Orchards, if you’re in the north submarket) you catch up on Q3’s CRE stats in our latest batch of market reports! The regional office market continues to see signs of recovery amidst continued…

  • Q2 2024 Industry Market Reports

    Hope you’re not out on an extended 4th of July vacation yet Pittsburgh, because our market reports are out today – hot off the press! Literally, it’s been 90+ degrees out here for the past week. The office sector continues to show steadying signs of recovery vacancy takes a slight dip amidst hybrid-embracing work policies…

  • Check out the fresh new look of the 1st Quarter 2017 Investment Newsletter

    This edition of the Investment Newsletter contains 1st quarter 2017 market indicators, market statistics, sales transactions and an investor spotlight interview with Bill Hunt of the Elmhurst Group based in Pittsburgh, Pennsylvania.   Click here to view the entire report.

  • Continued Strength in Q2

    Following a strong performance in the first quarter of 2016, Pittsburgh’s office market ended the second quarter with similar strength, boasting a vacancy rate of just 7.7%. The average rental rate, over all classes, finished at a solid $20.40 per square foot. Overall, Pittsburgh’s Central Business District (CBD) posted a declining vacancy rate of 8.3%,…

  • Q3 2015 Pittsburgh Retail Market Place Newsletter

    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…

  • Q4 2014 Pittsburgh Investment Newsletter

    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…