Tag Archives: Pittsburgh Commercial Real Estate

Top Attributes Transforming the Warehouses of Today and Tomorrow

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By Greg Hopkins, Associate, JLL

JLL recently released the Industrial Warehouse of the Future report outlining the top attributes that are redefining industrial properties. Below we outline three main themes and their impact in the Midwest.Man jumping over cargo trailer in industrial warehouse environment.

Industrial vacancies continue to fall in Midwest. The… Read More

Today’s Top Talent Live and Play Downtown but Work in the Suburbs

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By: Harrison West, Senior Research Analyst, JLL

Job growth is happening in both the CBDs and the suburbs, but educated adults are increasingly city dwellers. Discover the impacts of the resulting “reverse commute” trend, pulled from the first installment of our Ambitious Thinking Research on Smart Cities report, called “Live, Work, Play?”

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Pittsburgh Commercial Real Estate News Brief: March 2018

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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 Pittsburgh.

Pittsburgh Ranks in Top 20 Best Cities for Millennials

Pittsburgh was named on Niche’s Best Cities for Millennials list, landing in the no. 12 spot and surpassing cities like Chicago, Portland, Austin and Atlanta. The list takes into a count a number of factors to determine each city’s ranking, including:

  • Access to bars and restaurants
  • A city’s walkability
  • Ethnic, generational and economic diversity
  • Cost of living
  • A city’s higher education rate

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Pittsburgh Retail Team Announces Opening of Zelienople Anytime Fitness

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Anytime Fitness Strength Area

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JLL, Jared Imperatore and Rich Catalano today announced the opening of Anytime Fitness in Jackson’s Pointe, Zelienople Cranberry Township. This is Imperatore and Catalano’s third store together. They have been working closely for more than nine years and are happy to continue to grow the success of this national fitness club franchise together. The completed lease includes a 7,000-square-foot fitness facility with parking for guests.… Read More

JLL People to Know Spotlight: Morgan Meade

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Morgan Meade works as an Analyst in the Integrated Portfolio Services (IPS) group in the Pittsburgh office of JLL. 

Morgan Meade | JLL

Years in the industry: 3 years

Favorite city: How can you pick just one? I love exploring new places and have actually lived in 10 different cities both domestically and abroad. Since joining JLL, I’ve been able to travel to at least 17 more—with some repeat trips.

Why did you get into real estate brokerage?

Real estate is intriguing because it can swing heavily creative and emotional one moment, but concrete and pragmatic the next, given the scenario or stage of the transaction. Our business, especially the Integrated Portfolio Services line, is highly entrepreneurial. Account teams have the opportunity to custom-build a micro-organization from the ground up and wear many hats. Consistent service delivery evolution is requisite in order to keep our clients on the cutting edge. I love the challenge and scope of skills real estate brokerage requires.… Read More

JLL People to Know Spotlight: Justin Walbert

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Justin Walbert works as an Associate and Brokerage Analyst in JLL’s Retail Brokerage and Integrated Portfolio Solutions teams in the Pittsburgh office of JLL. 

Justin Walbert | JLL

Years in the industry: 6 months

Favorite Pittsburgh neighborhood: The Strip District

Why did you get into the real estate business?

Real estate has always interested me because it’s a very tangible industry.  Learning about a region’s real estate means you’re meeting real people and helping shape real neighborhoods.  Having that front row seat to all of the new development and watching Pittsburgh reinvent itself and enjoying its time in the spotlight as an up-and-coming world-class city has been very exciting.  Joining the team at JLL was the best decision for me professionally, and working for a firm that shares the same pride in Pittsburgh as its residents do makes the work we do even more rewarding.… Read More

Pittsburgh Commercial Real Estate News Brief: November 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.

Keep up with Spaces’ monthly recaps—subscribe today.

Healthcare and Tech Development Intersect in Pittsburgh

Much of the third quarter’s leasing activity comes from the robotics and technology industry in Pittsburgh.

Along with the technology industry, healthcare is also driving development in Pittsburgh. The University of Pittsburgh Medical Center (UPMC) was selected this year for the state’s Community HealthChoices managed care program, which means the medical center may be in need of more office space.

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Pittsburgh Commercial Real Estate News Brief: September 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 Pittsburgh to keep you in-the-know.

Keep up with Spaces’ monthly recaps—subscribe today.

Downtown Pittsburgh Outpacing Suburbs with Office Tenants

Photo Credit: Mr.TinDC

The number of corporate office moves in the downtown Pittsburgh area is surpassing those in the suburbs, according to new Skyline research. Pittsburgh has seen a steady demand for office space in downtown’s most prominent buildings, keeping vacancy at 11.7%. So, what’s drawing tenants here?

While suburban properties still have their own perks, many companies are quickly realizing that downtown is where the young talent is. Likewise, it’s also where the competitive amenities are to retain their workforce. Many building owners are now also taking the plunge to upgrade office spaces with renovations to meet tenant demand.… Read More

Pittsburgh Market Commercial Real Estate News Brief: August 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.

Keep up with Spaces’ monthly recaps—subscribe today.

Pittsburgh Clusters into Defined Industry Neighborhoods

Photo Credit: Matthew Paulson

As Pittsburgh continues to attract large investments, new companies are locating where they see the most success for their specific industry. Companies are branching into clusters, creating a web of more clearly defined industry neighborhoods.

For example, technology companies are locating in the Fringe, Oakland and East End areas where they are in close proximity to the CBD and universities, such as Carnegie Mellon and the University of Pittsburgh. Similarly, energy companies tend to locate in the West and Southpointe areas, while law firms, financial companies and business services are most commonly found in the CBD.

Related: Download the Q2 Pittsburgh Office Report or Q2 Industrial Report 

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A Floor-by-Floor Perspective of Midwest Real Estate: What Skyline Will We See in the Next Five Years?

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By: Andrew Batson, Director of Research, JLL

Increasing leasing activity, speculative development and shifting market leverage in commercial real estate are constantly reshaping city Skylines across the U.S.

JLL’s Skyline Review registrants can take a deep dive into the trends impacting 57 major skylines across the United States and Canada, and learn about which national trends are transforming markets close to home.

Read on for a closer look at how the Skylines in the Midwest are performing and what to expect in the coming months.

Mixed-Use Development is on the Rise in Cincinnati

Cincinnati’s Skyline is comprised of large office buildings that are occupied by large tenants, many of them recognized as Fortune 500 companies. Rental rates have dropped 0.7% from 2016 to Q1 of 2017. At the same time, vacancy rates remain well above the national average at 20.9%, which has boosted demand for affordable Class A space within the Skyline.… Read More