Pittsburgh Office Market Overview 4Q25
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.
Published by Newmark. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Newmark
- Obtained from
- Unknown: source not established
- Published
- Dec 31, 2025
- Last updated
- Jun 28, 2026 (1 month ago)
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