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Real Estate
Office Space
Downtown Pittsburgh; THE Business Address
With a wealth of innovative resources, a unique mix of business and personal amenities, and close proximity to other major markets, it's no wonder that Downtown Pittsburgh is ranked in the top ten headquarters of Fortune 500 companies. U.S. Steel Corp., H.J. Heinz, PNC Financial Services Group, PPG Industries, Allegheny Technologies and WESCO International are proud to call Pittsburgh home.
Businesses large and small rely on the central location and high-tech infrastructure of Downtown Pittsburgh. A new, free, and secure WiFi system, and one-of-a-kind environment to give them the edge they need to compete in the global marketplace. As Downtown continues to evolve, businesses here continue to boom.
The 2nd Quarter 2008 Office Market Report is now available. Click here to view the report as a PDF document.
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In the September-October 2008 issue of Commercial Investment Real Estate, Pittsburgh is ranked number one in the "Top 10 Forecasted Office Rent Growth Markets" in the United States. The following chart is taken from the magazine. To read the entire article, click here.
|
Market |
Two-Year
Annualized
Rent Growth (%) |
Location quotient*
(professional &
business services) |
Location quotient*
(information-
based industries) |
|
Pittsburgh |
7.8 |
1.04 |
1.06 |
|
Newark, N.J. |
6.1 |
1.24 |
1.59 |
|
Dallas |
6.1 |
1.18 |
1.80 |
|
San Antonio |
5.8 |
0.96 |
1.15 |
|
Indianapolis |
5.7 |
1.06 |
0.84 |
|
Charlotte, N.C. |
5.4 |
1.20 |
0.95 |
|
Raleigh, N.C. |
4.8 |
1.21 |
0.54 |
|
Wilmington, Del. |
4.7 |
1.18 |
0.86 |
|
Hartford Conn. |
4.5 |
0.84 |
0.98 |
|
Salt Lake City |
4.5 |
1.12 |
1.06 |
Click here to read the Sunday, August 3 article in the Pittsburgh Post-Gazette, "Regional Insights: Pittsburgh's a national player in jobs per square mile but needs more population," written by Harold D. Miller, President of Future Strategies, LLC, and Publisher of www.pittsburghfuture.com, an Internet resource on regional economic development issues.
For more Downtown business-related news, check out the PDP's Newsroom for up-to-date articles from the Pittsburgh Post-Gazette, Tribune-Review, Pittsburgh Business Times and Pop City. |
