Pittsburgh office market statistics point toward recovery as vacancy rates decline
Vacancy rates in the Pittsburgh region stayed flat, an indication that the office market recovery continues to face challenges. However, despite continued softening conditions, leading landlords remain motivated to be as competitive as possible: the overall asking rental rate improved within the fourth quarter. Relatedly, new construction persisted into Q4, keeping momentum from the previous two quarters.
Read more about the latest retail trends and statistics in the Pittsburgh market within our full report.