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Commercial Real Estate Market Information

The Coldwell Banker Commercial brand has commercial real estate market statistics to help you find out specifics about your local commercial real estate market. Whether you are looking for market trends or information on commercial real estate market size, we have the market reports you need. Get the information you need to make informed commercial real estate decisions by checking out our commercial real estate market reports. If you did not find the commercial real estate market information you were looking for contact us today!

Coldwell Banker Commercial® Reports

Insights: Landlord Employer Liability

The ongoing coronavirus pandemic raises the question of whether landlords with leased properties can be held liable for injuries sustained when someone contracts COVID-19 at the premises.

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Opportunity Zones & Taxes

What are Opportunity Zones? The real estate industry is buzzing about this new program which allows private investment in country’s distressed communities. CBC brings you a quick overview to help you understand what they are and how investors can use them for their benefit.

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Market Report: Student Housing

Healthy demand and numerous shifts in student housing trends have transformed the property sector. Once overlooked by investors for fear of poorly maintained properties and high turnover, this asset class has become resilient, boasting handsome returns.

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Market Report: Retail Repurposing

Up to 80 percent of Americans do at least some shopping online. As Americans shift the way they shop, retailers that have not adapted to the changing environment are closing their doors, with the list of failing brand names growing each year.

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Regional Summaries

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Pittsburgh, PA

Apartment

The 94,064-unit Pittsburgh apartment market vacancy rate is 4.9% for the first quarter of 2019, essentially unchanged for the period and down 60 basis points year-over-year. The average asking rent increased 0.3% during the first quarter of 2019 to $1,112 per month, with the average effective rent up 0.4% to $1,052 per month. The 2018 gains had been 4.9% and 5.0%, respectively, the latest in a series of strong increases. VIEW APARTMENT LISTINGS >

Apartment

Industrial

The 61.2-million-square-foot Pittsburgh warehouse/distribution space market got off to a strong start in 2019, with 103,000 square feet of net absorption in the first quarter and a vacancy rate that fell 20 basis points to 7.9%. The rate is down 130 basis points year-over-year. Both the average asking rent and the average effective rent were unchanged during the quarter at $4.76 psf and $4.48 psf, respectively. These rates were up a modest 0.6% and 0.7% year-over-year. The 10.0-million-square-foot local Flex/R&D market vacancy rate fell 120 basis points over the first quarter of 2019 to a still-high 18.5%, down 100 basis points from a year earlier. The average asking rent increased 1.1% over the quarter to $8.38 psf, and the average effective rent was up 1.0% to $7.78 psf. The year-over-year gains are 2.1% and 2.4%, respectively. VIEW INDUSTRIAL LISTINGS >

Industrial

Office

The 53.2-million-square-foot Pittsburgh general purpose, multi-tenant office market has a development boom under way despite high vacancy. The first quarter 2019 vacancy rate was 19.0%, down 30 basis points for the period but up 40 year-over-year. Rents suddenly stopped edging up during the first quarter, as the average asking rent slid 0.2% to $22.52 psf and the average effective rent slipped 0.1% to $19.06 psf. This reduced the year-over-year gains to 0.9% and 1.0%, respectively. VIEW OFFICE LISTINGS >

Office

Retail

The 17.9-million-square-foot Pittsburgh community-neighborhood shopping center market first quarter 2019 vacancy rate is 9.6%, up 70 basis points during the period and up 100 year-over-year. Average community-neighborhood center rents were up 0.4% by both measures in the first quarter, to $18.28 psf asking and $16.04 psf effective. The 2018 rent gain had been 1.8% by both measures. VIEW RETAIL LISTINGS >

Retail

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