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The region has a large industrial market and available power, but high land prices and community pushback have kept data center development relatively muted.
A robust labor market stokes apartment leasing during broader national hesitancy.
This week the Radius+ team took a closer look at the Pittsburgh, PA CBSA. Historical Supply Growth in Pittsburgh WA: 2022: 1.5% 2023: 2.2% 2024: .7% 2025: 1.5% Pittsburgh has experienced measured supply growth in recent years, maintaining a healthy balance between new construction and demand. Local municipalities…
Colliers' quarterly industrial market report covering Pittsburgh regional sector statistics, insights and trends.
This is a first-quarter 2026 data report on Pittsburgh office market figures published by CBRE, with geographic scope including Pittsburgh, Pennsylvania, and national comparisons.
The Pittsburgh industrial market posted 166,330 square feet of net absorption in Q1 2026 following its first year of negative absorption since 2017, with the overall vacancy rate holding steady at 6.3% while warehouse/distribution space continued to drive leasing activity at approximately 400,000 square feet leased for the quarter. Manufacturing space accounted for 43.6% of total new leasing activity in Q1 2026 compared to 13.7% in 2025, pushing total quarterly leasing to just under 920,000 square feet, a 42.8% increase over Q1 2025, with just 385,000 square feet under construction across the entire metro.
This is a retail market report for Pittsburgh published by Colliers in March 2026, covering the Pittsburgh, Pennsylvania market within a national context.
Pittsburgh's office market in Q1 2026 experienced a marginal increase in overall vacancy to 17.4% amid year-to-date net absorption losses of 251,400 square feet, with asking rents at $25.77 per square foot across all property classes. Despite elevated vacancy, Class A space in the Central Business District remains in high demand with limited supply, enabling landlords to maintain pricing power and achieve 6.3% rent growth since the 2024 bottom, while expansion activity by tenants suggests some correction of earlier aggressive downsizing decisions.
This is a Q1 2026 industrial sector market report published by CBRE on March 31, 2026, presenting data and figures for the Pittsburgh market.
This is a market report on the Pittsburgh office sector published by Colliers in Q1 2026, covering office market conditions in Pittsburgh, Pennsylvania with reference to broader geographic contexts including Philadelphia and national markets.
This is an industrial real estate market report published by Colliers in March 2026 covering the Pittsburgh market with references to Pennsylvania, Philadelphia, and national geographies.
Pittsburgh's office market showed early signs of stabilization in 2025, with positive net absorption in the third and fourth quarters helping to reduce overall vacancy to 24.4% by year-end, while Class A rents remained flat at approximately $29.59/SF and Class B edged modestly upward to $22.57/SF. The local economy outperformed national trends with Pittsburgh's unemployment at 3.9% versus 4.4% nationally as of September 2025, job growth led by Education and Healthcare at 3.8% and Financial activities at 2.3%, though the market experienced zero speculative office construction in 2025 due to persistent high vacancy and rising construction costs.
This is a market report published by Berkadia on June 30, 2025, covering the multifamily sector in Pittsburgh, Pennsylvania, with national context. The report provides mid-year 2025 analysis of the multifamily real estate market.
This is a data-figures report published by CBRE on March 31, 2026, presenting first-quarter 2026 figures for the life sciences sector in Philadelphia, Pennsylvania.
This is a data report published by CBRE in March 2026 presenting office sector figures for Philadelphia in the first quarter of 2026. The report covers the Philadelphia office market with reference to national data.
The Q1 2026 Cushman & Wakefield MarketBeat report analyzes the suburban Philadelphia office market, finding a diverged market with the Schuylkill Corridor maintaining tight 11.4% direct vacancy while Primary and Secondary markets remained above 20.5%, and documenting 248.6K square feet of negative year-to-date net absorption against an overall 22.0% vacancy rate and asking rent of $28.33 per square foot. Key lease transactions included Saint-Gobain Corporation's 321,226 square foot renewal at 20 Moores Road in the Southern Route 202 Corridor, and the report identified over 1.7 million square feet of financially distressed assets representing 14.4% of all suburban vacant space.
The Philadelphia industrial market recorded a 10.8% overall vacancy rate and $12.86 asking rent per square foot in Q1 2026, with year-to-date net absorption of 2.4 million square feet representing 76.8% growth year-over-year, driven by strong leasing activity across Burlington and Lower Bucks Counties. Regional employment grew 1.4% year-over-year despite the unemployment rate rising 70 basis points to 5.0%, and the market's construction pipeline continued to contract to 2.2 million square feet under development as asking rents are expected to remain steady through the first half of 2026.
This is a first-quarter 2026 industrial sector market data report published by CBRE covering the Philadelphia, Pennsylvania market.
Philadelphia's Central Business District office market showed a 20.4% vacancy rate and negative year-to-date net absorption of 273,087 square feet in Q1 2026, with leasing dominated by renewals (235,000 sf) over new leasing (120,000 sf), reflecting tenant preference for right-sizing in higher-quality space. Trophy assets demonstrated pricing resilience with asking rents $10–$18 per square foot above Class A properties and vacancy below 10%, while Class A and Class A- segments faced persistent headwinds from distressed properties and over 300,000 square feet of newly identified conversion candidates.
Greater Philadelphia's office market ended 2025 with vacancy at 21.8% after rising 150 basis points year-over-year, though net absorption improved to only slightly negative as leasing momentum increased. Class A rents grew 4.2% annually driven by trophy asset demand, while sublease availability stabilized and asking rents recorded three consecutive quarters of gains.
Greater Philadelphia's industrial market weakened further in 2025 as new supply outpaced absorption, pushing vacancy to 8.7%, the highest level in two years. Despite softer fundamentals, leasing activity reached 22.0 million square feet for the year, a two-year high, with Class A properties capturing 40.9% of volume despite representing only one-third of inventory. Development slowed significantly to a five-year low of 4.9 million square feet under construction, while asking rents rose 6.2% annually to $11.90 per square foot.
This is a Q1 2026 multifamily data report published by CBRE covering the Philadelphia metropolitan area. The report presents figures on the multifamily sector for the first quarter of 2026.
This is a data and figures report published by CBRE on December 31, 2025, presenting fourth-quarter 2025 multifamily market figures for Philadelphia. The report covers the multifamily residential sector in the Philadelphia, Pennsylvania market.
This is a market report published by Berkadia in September 2025 covering the multifamily sector in the Philadelphia metropolitan statistical area. The report presents Q3 2025 data and analysis for the residential rental property market in that region.
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The Philadelphia edition reviews local office leasing activity, availability and asking rents for the first quarter of 2026.