- The first quarter saw 401,006 square feet of net absorption in the Pittsburgh market. Vacancy rates decreased to 16.2% while average asking rents increased.
- In the Fringe submarket, two new developments delivered - District 15 for Facebook and SAP Center for SAP. Additional projects are under development or proposed in this submarket and in Oakland/East End.
- Wabtec's decision to relocate operations to North Shore exemplifies strong demand to locate near the city's talent pool. New projects in Oakland/East End could increase competition for other urban submarkets.