March 12, 2025
Pittsburgh Industrial Real Estate Market Overview
After sluggish market conditions in late 2023 and throughout 2024, the Pittsburgh Industrial Real Estate Market is poised for an increase in transaction activity in 2025.
Market dynamics to watch in 2025 include:
- The absorption of a decreasing supply of existing new buildings
- A return of Build-to-Suit leases (which were almost non-existent in 2024)
- An increase in capital markets activity and investment sales
- Will the increased focus on economic development at the state level in Pennsylvania result in one or more significant project wins in the Pittsburgh region?
