Research/Market Beats

Pittsburgh Industrial Market Snapshot- Q1 2020

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A slowdown is expected moving forward into 2020, but Pittsburgh’s industrial market is insulated and may be shielded against adverse economic trends.

Pittsburgh Office Market Snapshot- Q1 2020

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COVID-19 has not been fully baked into these figures, as it did not consuming the global narrative until late Q1.

Pittsburgh Industrial Market Snapshot – Q2 2019

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Moving forward, Pittsburgh’s industrial market will be driven by R&D for AI and robotics (High Tech). High Tech space currently makes up a small percentage of total inventory, but there will be a shift in the number of users in the coming quarters, and a successful startup within the burgeoning High Tech scene could transform the city.

Pittsburgh Office Market Snapshot – Q2 19

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Pittsburgh’s unemployment rate dropped to 3.8% in the second quarter of 2019, which is the lowest rate since 1976, but still lags modestly behind the national average. There were 8,900 new jobs created in the quarter, demonstrating a slight uptick year-over-year.