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JLL Pittsburgh Chart of the Week: May 4, 2015

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The average asking rent in Pittsburgh has been floating around the $5.00 per square foot mark for the last three years and is expected to hold firm in this territory over the coming year as demand will outpace construction activity, further constraining market conditions.

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JLL Pittsburgh Chart of the Week: May 4, 2015

  1. 1. Industrial landlords hold leverage, push rents Pittsburgh • The average asking rent for industrial space across the Pittsburgh market was recorded at $4.90 per square foot at the end of the first quarter, representing an increase of $0.11 per square foot or 2.3 percent year-over-year. The average asking rent in Pittsburgh has been floating around the $5.00 per square foot mark for the last three years and is expected to hold firm in this territory over the coming year as demand will outpace construction activity, further constraining market conditions. Source: JLL Research Chart of the week: May 4, 2015 $3.50 $4.00 $4.50 $5.00 $5.50 2006 2007 2008 2009 2010 2011 2012 2013 2014 Q1 2015 Pittsburgh Average Industrial Asking Rent

The average asking rent in Pittsburgh has been floating around the $5.00 per square foot mark for the last three years and is expected to hold firm in this territory over the coming year as demand will outpace construction activity, further constraining market conditions.

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