As your Pittsburgh law firm’s real estate partner, we’ll secure the most economical, functional and efficient real estate deal that reflects your culture and image.
Pittsburgh-area law firms looking for Trophy space are likely to find their options limited, as this class of space remains at near-full occupancy levels market-wide.
Overall, the Pittsburgh market has the second-lowest vacancy rate in the U.S. at a mere 6.5 percent.
Though several large-scale projects have been proposed in the CBD, only one (Tower Two-Sixty) is currently under construction, limiting options for potential tenants.
If your firm is looking for large blocks of space you might consider buildings previously leased by tenants who underwent rightsizing in the last 18 months. The availability of Class B space is also giving tenants leverage, although we expect the market to shift back to neutral status after 2015.
Your JLL Pittsburgh law firm team is here to help you navigate this complicated market.
A representative will be in contact with you shortly.
Need help? Connect with one of our experts. We look forward to helping you with your real estate needs.
Pittsburgh law firms that are looking to upgrade their offices to a Trophy space are limited in their options, with near-full occupancy and limited future construction projects in this asset class.
Nationwide, CBD Class A space is dipping into single-digit territory in many markets, while Trophy rents continue to rise at 2.5 times faster than the market average. Find out why it's happening across the county, and how it affects Pittsburgh (as well as a number of other important areas across the region), by downloading our full 2015 report.