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Pittsburgh Industrial Market Report | Q3 2022

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Macro Factors May Creates Headwinds:
Colliers’ Pittsburgh leasing team remains cautiously optimistic
about the continued strength of the overall industrial market
in our region. However, several macro factors weighed heavily
on the market during the 3rd quarter and could persist through
remainder of 2022. For example, the National Association of
Manufacturers released its Outlook Survey for the third quarter
of 2022, which shows increased concerns in the following areas
(biggest business challenge by % of those manufacturing leaders

- 78.3% - supply chain disruptions
- 76.1% - raw material costs
- 65.9% - rising logistics costs

These factors lead to a more cautious market overall and
increased difficulty to finalize transactions. With this said, there
were still many positive stories during the 3rd quarter and the
Pittsburgh industrial market remains quite strong.

Al Neyer Announces 2 Million SF of New Development:
Demonstrating continued confidence in the region’s industrial
market, Cincinnati-based developer, Al Neyer, announced its
plans for approximately 2 million SF of new projects in the
Pittsburgh region. The firm gained approval from the Allegheny
County Airport Authority to develop four buildings, totaling
630,000 SF on a 46-acre site, labeled Northfield Industrial Park.
Additionally, Neyer acquired a 15-acre site at the Westmoreland
Technology Park II from the Westmoreland County Industrial
Development Corp. The development will include a 150,000
SF industrial building. Neyer’s announcement of its 2 million
SF commitment is a reflection of the current and anticipated
continued demand for quality, Class A warehouse and flex

Pittsburgh is on Winner’s List of “Build Back Better” Funding:
Some of the key drivers of the region’s industrial/flex market,
(Robotics/AI) received a major boost this quarter, as the U.S.
Economic Development Administration awarded $62.7 million
in federal funding as part of the Build Back Better Regional
Challenge. Pittsburgh was one of 21 locations out of 529
applicants around the country to secure funding from the
program. The funding will certainly bolster growth in the fields
of robotics and AI in the region which will lead to increased
tenant activity for specialized manufacturing and flex space.
Here is the allocation:
- Southwestern Pennsylvania Commission ($24.8 million) – to
help bolster the workforce for the robotics industry through
specialized training and education.
- Advanced Robotics for Manufacturing Institute -ARM –
($14.2 million) to fuel its plans for operating a robotics
manufacturing hub at its Mill 19 location in Hazelwood Green.
This will provide additional resources to smaller robotics
companies to help facilitate growth within the region.
- Innovation Works – ($12 million) – to be used toward the
construction of an applied robotics startup factory within a
10-minute drive of the CBD. The pillars of the factory will be
“formation, launch and growth” which should have a positive
impact on the robotics/AI industries for years to come.
- InnovatePGH ($4.8 million) – to create an initiative entitled
“Expanded Pathways to Entrepreneurship”.
- Catalyst Connection ($4.8 million) – to further enhance
the SME Robotics Adoption project, intended to encourage
technology adoption for small to medium sized companies.
The “Build Back Better” funding will help to bolster the
robotics / AI industries in Pittsburgh, therefore strengthen the
overall industrial / flex market.

Other News Bits and Bites in the Industrial Market:
- Imperial Land Company has reportedly sold two sites at the
Findlay Industrial Park.. One site was acquired by Cochran
Automotive Group for $1.25 million on which it is anticipated
to construction an 80,000 SF building. The other site was sold
to J.S. Paris Excavating of Youngstown, OH on which a 55,000
SF warehouse building will be constructed.
- The Buncher Co. has listed two buildings, totaling 60,000 SF
at the Clinton Commerce Center, to include 2201 Sweeney
Drive (232,325 SF) and 2291 Sweeney Drive (400,000 SF).
- Chapman Properties sold two buildings at Chapman-
Westport, totaling 148,000 SF to Dallas-based Sealy &
Company for a reported price of $24 million ($162 per SF).
- New York Based Golden East Investors has acquired the
985,000 SF, 20 acre site at 1080 River Avenue on the North
Side. Golden East plans a mixed-use development to include
300,000 SF of industrial and distribution space marketed by
Colliers. Additionally, the site will include tech flex and life
sciences space along with a 500-space garage, some retail and
200,000 SF of multi-family.


Pittsburgh Industrial Market Report | Q3 2022

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Related Experts

John Bilyak

Managing Director/Market Leader


I am a Principal at Colliers International | Pittsburgh and I am the team leader for the industrial team.  I have been involved in the commercial real estate business for more than 21 years, with a focus on developing client relations, executing industrial brokerage assignments, site selection and real estate related consulting and market valuations.  Prior to joining Colliers International | Pittsburgh, I spent more than five years with NAI Pittsburgh Commercial, the Westen Pennsylvania regional representative of NAI Global, and 13 years with the Grubb & Ellis Company as Vice President of Industrial Brokerage.  I worked extensively with prominent local and national real estate users, investors and developers such as CBS Corporation, Matthews International, McKnight Capital Group,  Sampson Morris Group, Walnut Capital, The Buncher Company and Pittsburgh Industrial Parks.

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Raymond Orowetz

Senior Vice President | Industrial Brokerage


Educated as a civil engineer (read frustrated architect) I learned the hard way that, no matter how devoted, energetic and productive an employee you might be, you're expendable.  So, after getting my pink slip as my thank you for spending 12 years in the engineering world, I could feel a change in the air.

The last few years of my engineering career were spent in business development and the sales side of engineering. I had gotten the sales bug. Having invested in some multi-family real estate I decided that commercial real estate would be my next challenge and a great way to harness the entrepreneurial independence of the real estate world with the excitement of unlimited income.

I knew absolutely no one in the business so it took a while to get traction and a position in the big leagues. After 6 or 7 years I figured I knew everything and everyone so I set up my own brokerage firm. What was I thinking? Flying solo required a 110% commitment in order to provide a high level of service to my clients while establishing a reputable business. But I did exactly that and I ran it for 15 years.

The timing was perfect, however, in 2005 to join NAI Pittsburgh Commercial as it was being formed. The NAI platform provided an ideal springboard for me to continue to grow my book of business minus the day to day issues of being an owner. In July of 2011 we changed platforms and became a member of Colliers International.

Being a registered professional engineer, in addition to a real estate broker, has opened many doors. I bring a different perspective to the table along with a true understanding of the principles behind building design, construction and development.  I offer my clients a unique combination of knowledge, skills and experience.

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Cody Hunt



I am an Associate at Colliers | Pittsburgh specializing in Industrial and Investment properties.  My responsibilities include developing client relations, executing brokerage assignments, consulting, and market valuations. I started my sales career at ADP in small business development. I completed their sales training, which was an unmatched, in-person program that allowed for rapid development of basic sales skills. At the same time, I purchased a distressed residential property and worked to educate myself on how to rehabilitate the property from the ground up. My experience in real estate ignited a drive in me to learn as much as I can about the industry. With my interest in real estate, and experience in business-to-business sales, brokerage was the clear path for me to take with my career. I am passionate about what I do, and highly value the clients that I work to serve.

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