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Office Insight

United States | Pittsburgh, PA

Report | Pittsburgh Office Insight - Q3 2015

Summary

​Office rents in Pittsburgh have increased steadily in the last few years, across product class and geography, as landlords held leverage and market fundamentals tightened. The average full service asking rent for the metro was recorded at $22.26 per square foot at the end of the third quarter, an increase of 3.3 percent year-over-year. Rent gains in Pittsburgh have surpassed those recorded in the peer markets of Cleveland, Columbus, Philadelphia and Baltimore. 

Over the coming year, Class A rents are projected to appreciate further while Class B asking rents are forecasted to hold firm as vacancy increases and negotiating leverage shifts.

Learn more about what’s happening—and what we expect to occur in the coming months—in the Pittsburgh office market.​​


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