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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…
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.