Figures

Pittsburgh Industrial Figures Q4 2024

January 10, 2025 10 Minute Read

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-Q4 leasing activity saw over a million sq. ft. of activity and with renewals accounting for 56% of activity this quarter.
-Construction of 4000 Halverson completed bringing 100,000 sq. ft. of space to the West submarket. This brings the total under construction to 300,000 sq. ft. signaling a tightening market.
-Absorption this quarter was impacted from the bankruptcy of NEMF resulting in 117,300 sq. ft. of negative absorption as they vacated the property at 12731 Route 30 in Westmoreland County.
-Capital markets activity saw the sale of two properties: 500 Woodlawn Rd a 237,100 sq. ft. property for $4.1 M and 491 Chantler Dr a 100,000 sq. ft. property for $10.53 M.