• Pittsburgh’s overall office market average asking rate reached a record level in Q1 2019 at $22.84 per-sq.-ft. and the CBD class A trophy rate was $32.84 per-sq.-ft.
  • The construction pipeline reached a 3-year high at 1,343,244 sq. ft. with 77% in the urban market.
  • The unemployment rate in the Pittsburgh region was 3.6% in February, hitting its lowest level in almost fifty years.
  • Recent positive economic data points to the resiliency of Pittsburgh and the strength and growth of industries such as medical, education, and technology/robotics.