Pittsburgh Industrial Figures Q1 2025

-   Vacancy improved in key submarkets, including a sharp drop in the West from 8.0% to 5.3%, an impressive 270 basis point decline.

-   Starline Holdings signed the quarter’s largest lease 154,051 sq. ft. at International Dr.

-   316,820 sq. ft. of new leasing activity drove positive absorption across the region.

-   No new deliveries this quarter, but two projects 700 International Dr and Brockway are on track for completion in Q2 2025.

-   Asking rents remain healthy at $8.88 per sq. ft.

-   Overall market fundamentals remain stable, with tenant demand focused on modern, well-located product.