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Gregg Broujos
Managing Director & Founding Principal | Pittsburgh

Market insight is the essential ingredient in all of the services we offer. We monitor trends and make projections to help you make critical decisions. Our researchers continuously source and analyze data in every major global market, helping you adapt to drivers outside your industry and region that could impact your business.

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Recent Pittsburgh Reports

Q1 2014 Pittsburgh Office Market Report

Activity in the office leasing market in Pittsburgh leveled off in the first quarter of 2014, but overall the market performance continues to exceed typical expectations for the region.  The overall office vacancy rate in the region is up slightly to 8.3 percent from 8.1 percent at the end of 2013, while Class A office space in the CBD market has one of the lowest vacancy rates in the country at just 8.1 percent.  The fundamentals reflect a tight office market and are testament to why Pittsburgh continues to attract serious outside consideration from institutional investors.

Q1 2014 Pittsburgh Retail Market Place Highlights

Pittsburgh’s retail market experienced minimal impact the first quarter of 2014. The vacancy rate remained the
same at 4% from the previous quarter in 2013, ranking Pittsburgh 12th out of 63 markets nationally, the lowest being San Francisco at 3.4% and the highest is Cleveland at 15.2%. Researchers are forecasting the national average vacancy to drop from 12% to 10.6% in 2014. This will be the first time rates have dipped below 12% since 2009, a far stretch from a low 7.5% in 2005.

Q1 2014 Pittsburgh Industrial Market Report

The first quarter of 2014 bodes well for the remainder of the year. The market is not only active, but deals are closing. This is welcome news given the fact that while the market has seen activity over the last four quarters, the actual transactions were often slow to materialize. The deal volume continues to put a strain on inventory with class A vacancy further shrinking to historic low levels. Users of significance will soon have no option but to resort to build to suit developments or settle for less than ideal existing options.

Q4 2013 Investment Newsletter
Q4 2013 Pittsburgh Investment Newsletter

This article is the first of a series that presents various aspects of real estate investment from a comprehensive wealth management perspective. Various relevant topics will include basic real estate asset-class investment characteristics, varying inflation hedging capabilities of public vs. private real estate investments, the market composition of the current real estate universe, and fundamental considerations necessary when determining cap rates on direct investments.


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