Q2 Industrial MarketBeat The leasing front was somewhat quiet this quarter, but spec developments will continue to be leased up quickly. Although no larger leases were signed this quarter, there is currently an influx of large users evaluating the Pittsburgh market for space.
Q2 Office Marketbeat The current office landscape is a scary one in which new and nontraditional opportunities are arising, as commercial real estate in Pittsburgh wades cautiously through uncharted waters.
A slowdown is expected moving forward into 2020, but Pittsburgh’s industrial market is insulated and may be shielded against adverse economic trends.
COVID-19 has not been fully baked into these figures, as it did not consuming the global narrative until late Q1.