The Pittsburgh office market’s return to positive absorption and vacancy decline, despite limited new supply, signals potential for a cautious recovery.
A flash back to earlier this spring, when we were visiting our good friend Bob Knakal in his famous map room in New York City. Although Bob focuses primarily on capital markets and land dispositions, location is still critical for all facets of commercial real estate. In recent years, the corporate world has witnessed a…
It was perhaps inevitable that Pittsburgh, anchored by two world-class hospital systems and surrounded by top technology talent from schools such as Carnegie Mellon University and the University of Pittsburgh, would step up during the current pandemic to take a lead in the nation’s burgeoning life sciences sector.
The office still has a critical role to play as we look toward the future and our new normal and many of us are thrilled to sit in traffic again.
I’m one of the lucky people. I can honestly say that I thoroughly enjoy my job. I have had, over the years, the opportunity to work with a variety of clients – large and small; industrial, flex, retail and office; technology, not-for-profits, yoga studios and law firms – you name it and it’s come through…
The Pittsburgh office market is alive and thriving. Here is our Viewpoint Pittsburgh Market Q2 2021. Tech, healthcare, and life sciences companies are thriving. Many of them are doubling and tripling in size and looking for office spaces that can not only allow them growth but significant amenities to recruit and retain top talent. The…
Most companies don’t realize that out of all operating expenses, real estate is the second-highest cost. Real estate tends to fall right behind human capital and is always a significant item on the balance sheet. Typically, companies don’t spend a lot of time evaluating their real estate. Nor do they necessarily understand the impact real…
In early 2020, no one had any idea that the world as we knew it was about to shut down. Entrepreneurs still dreamed of starting new businesses, or expanding existing ones. Each had a plan, a vision, maybe funding. In many cases, the plan was working. And then the coronavirus hit. As brick-and-mortar storefronts were…
The Rise Pittsburgh Viewpoint: Pittsburgh’s market is definitely straining under the weight of the economic difficulties resulting from the pandemic. Net Absorption rates are significantly in the negative and subleases are increasing substantially almost weekly, particularly in the Central Business District (CBD) and Southpointe. A number of developers are taking the risk and building, hoping…
The Truth Business Leaders Face as They Navigate What’s Next: Is working from home a viable alternative to working from an office? Could a hybrid 3/2 schedule become the norm or could a distributed workforce be the answer for many businesses as they seek the best solution for navigating what’s next. The employee’s wishes are…
New Clubhouse app is great for connecting, but where do you start? Learn more about Clubhouse and how to start building your network.
The Robotic Industries Association (RIA) defines robot as follows: “A robot is a reprogrammable, multifunctional manipulator designed to move material, parts, tools or specialized devices through variable programmed motions for the performance of a variety of tasks.” According to Statista, the global robotics market is expected to grow at a compound annual growth rate of around 26…