Pittsburgh Proves Resilient

Considered at one time a dying steel town, Pittsburgh has turned into one of the mose resilient office rental markets in the U.S., prompting a flurry of building sales. CB Richard Ellis Inc, projects that office rents in Pittsburgh will rise an average of 7.5% this year, well above the 2% average for the top 52 office markets in the U.S. The vacany rate is also estimated to average about 10% compared with 16% nationally.

Read more