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Market Intelligence

Market Intel

Economic conditions across Pittsburgh metro, PA, drawn from sources your runs cited. Each figure shows the period it covers.

Indicators tracked
6
With a reading
6
Capital events
2
Markets covered
6

Latest readings

Office vacancy, Pittsburgh CBD

20.4%

−0.6 pt vs Q2

Class A asking rent

$28.10 / sq ft

+1.8% YoY

Tech employment, Pittsburgh MSA

+3.1% YoY

+0.4 pt vs Aug

Policy rate

3.75%

−25 bp Sep 17

Construction cost index

+4.2% YoY

+0.3 pt vs Q2

Venture funding, Pittsburgh

$1.9B YTD

+38% vs 2025 YTD

Jan–Sep 2026 dealtrack.example

Market briefs

Submarket Strip District

Robotics Row is absorbing faster than the rest of the CBD

Three leases over 40,000 sq ft in the Strip District this quarter against one downtown. Landlords on Smallman Street are quoting shorter free-rent periods than six months ago.

Supply Oakland · East Liberty

Sub-lease supply is building in Oakland and East Liberty

Allegheny Learning, Clearnote Health and Riverstack Software are all releasing space in the next three quarters. Expect sub-lease inventory to compete with direct Class B deals through 2027.

Capital Pittsburgh metro

Venture rounds are landing before leases, not after

In four of the five signed leases this quarter the round closed within six months before signing. Funding signals are the earliest reliable lead for tenant representation.

Capital events

Fieldmind AI

Series A · Northline Capital · 2026-08-30

$45M

Northbank Autonomy

Series C · Harbor Ridge Ventures · 2026-05-30

$350M

Regional hotspots

Strip District · Robotics Row31%
East Liberty · Bakery Square23%
Downtown15%
South Side8%
Canonsburg · Cranberry15%
Lawrenceville8%

share of 13 company events

Economic context

6 factors

Pittsburgh metro, PA as of 9/18/2026
Demand for office and lab space in Pittsburgh follows venture funding and tech hiring with a lag of one to two quarters; fit-out activity follows construction costs and the cost of capital. Six indicators cover those moves.

This is the list of what to track — the figures themselves come from those sources, never from the AI.

Datasets to source from (4) · what public data won't tell you

Public datasets to source from (4)

The build list for pulling actual values. Anything marked Free API can be fetched on a schedule without a licence.

DatasetCoverageCadenceAccessWhat to pull
Metro Employment SeriesMetro Labor BulletinPittsburgh MSAMonthlyFree APIInformation and professional services employment, seasonally adjusted.
Rate DeskRate DeskUnited StatesMonthlyFree APIPolicy rate, effective; 10-year Treasury.
Allegheny Office ReportAllegheny Office ReportPittsburgh CBD and suburbsQuarterlyRegistrationVacancy, absorption and asking rents by submarket.
Venture MonitorDealTrack ResearchPittsburgh MSAQuarterlyLicensedDeal count and value by stage.

What public data will not tell you

  • Lease expiry dates are not public; they come from filings, broker chatter and the tenant's own announcements.
  • Sub-lease inventory is tracked by brokerages, not by a public statistical agency.