Our Market

The Pittsburgh market comprises of southwestern Pennsylvania.  The total inventory of office spaces is approximately 116 million square feet comprised of 34 million class A, 61 million class B and 20 million class C space.  Pittsburgh's vast hills and valleys, and our three rivers contribute to the city's charm and challenges.  Currently, the northern suburban market is quite robust, with relatively high rental rates. The north submarket continues to grow as Westinghouse Electric Company moves employees into 915,000 sq.ft. in Cranberry Woods as well as leases an additional 300,000 sq.ft. in the area.  This is partly due to the ease of access to the major highways.  Pittsburgh's vacancy hovers around 10 1/2% even through a sluggish economy.

The CBD and Oakland submarkets house The University of Pittsburgh (UPMC) Medical Center the largest health provider in the city and many of its hospitals.  The west market is home to our airport and recent highway developments have opened this market to many users from the north that could not previously access the highway. 

The industrial market has changed drastically over the years.  The industrial users of today require modern, updated facilities, whether it is for manufacturing or mixed-use.  The north and west markets have been the only markets to primarily have mixed-use flex space.  It has taken Pittsburgh years to transform old, heavy manufacturing/warehouse facilities to modern industrial, residential lofts and lifestyle centers around the metro.  Pittsburgh's industrial market has a vacancy rate of approximately 9 1/2% and 149 million square feet of inventory. 

Our Pittsburgh team has vast experience with Strategic Planning, Transaction Management, Portfolio Management, Lease Administration, Sublease and Disposition, and Site Selection to name a few. 

Our Company

CresaPartners is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Relocation Planning and Management, Strategic Planning, Workforce & Location Planning, Subleases and Dispositions, Lease Administration, Capital Markets, and Facilities Management. With more than 50 North American offices, CresaPartners is the largest pure tenant representation firm in the U.S. and Canada. Through a partnership with BNP Paribas, CresaPartners is a member of one of the leading real estate organizations in the world, covering 35 countries.