Report | Pittsburgh Office Insight - Q1 2016
Pittsburgh’s construction levels are now among the highest in the Great Lakes region as tenant demand continues to be robust. Two notable projects delivered in Q1—with preleasing at the two exceeding 60 percent. We anticipate another 672,000 square feet of product will hit the market over the next four quarters.
As more primary markets become oversold, investors continue to be active in Pittsburgh. We credit the city’s diverse economy and strong office market fundamentals for the jump. The latest deal by Shorenstein for One Oxford Center downtown topped $148 million.
Learn more about what’s happening right now in Pittsburgh—and what we can expect over the next couple months—by downloading our Q1 2016 US Office Insight.
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