Figures
Pittsburgh Industrial Figures Q4 2025
Leasing momentum builds in supply-constrained market
January 8, 2026 10 Minute Read
Looking for a PDF of this content?
-Total availability declined quarter-over-quarter to 6.4%, reflecting steady space absorption and limited new product entering the market, even as availability trends modestly higher over longer term horizon.
-Net absorption rebounded meaningfully in Q4, swinging position after a soft prior quarter and reinforcing the market’s ability to re-capture demand once tenant decision-making loosens.
-Leasing activity accelerated sharply with 1.5 million sq. ft. leased across eight large transactions, signaling improving tenant confidence heading into 2026.
-The West submarket continues to anchor Pittsburgh’s industrial growth, standing out as the region’s most viable location for modern development while maintaining exceptionally tight availability, underscoring both strong tenant demand and limited competitive supply
-Construction remains muted, with just two projects underway and no deliveries this quarter, keeping competitive pressure contained and positioning existing assets to benefit from renewed demand.