Pittsburgh Market Commercial Real Estate News Brief: April 2017

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In the latest edition of our monthly news brief, JLL’s regional team curates the top commercial real estate industry articles impacting the Pittsburgh market to keep you in-the-know.

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Co-working Trend Gains Popularity in Downtown Pittsburgh

The co-working trend shows no sign of slowing down, especially as more niche spaces continue to open up in and around downtown Pittsburgh. The number of freelancers and contract workers is expected to increase nearly 40% by the year 2020, which drives much of the demand for co-working spaces.

Among those targeting a specific niche population is Coterie, which was designed by and targets women. Also new to Pittsburgh’s Strip District is Zip Office Business Center, which targets small businesses and those that may require retail shipping services.

Small businesses, entrepreneurs and freelancers continuously turn to these shared spaces for their flexible leases and access to competitive amenities in a growing economy.

Related Read: Co-Working Sparks a Real Estate Revolution

More Pittsburgh Headlines

  • Ford is expected to submit a request for proposal (RFP) as it considers a new larger office to better support its projects with Argo AI. Argo AI recently announced its office location in the Strip District, citing its proximity to other tech companies and startups as a differentiating factor.
  • Evoqua Water Technologies is searching for a new location for its headquarters as it continues to grow at a rapid pace. The company is currently based in Warrendale, but is seeking a new space to account for its rapid growth and retention.

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