Thursday, August 14, 2014

Finding Office Space in Pittsburgh


Finding the perfect office space for your business is hard. According to a new study by Avison Young, the growing success of Pittsburgh as a hub for businesses also makes it one of the cities with the lowest office vacancy rates in the US.
Its 8.7 percent vacancy rate is just behind Columbus, Ohio, (8.6 percent) and San Francisco (6.4 percent), Avison Young said in its Office Market Report Mid-Year 2014.
"Continued success is the story of Pittsburgh's office market at mid-year 2014," the report said.
Specific deals mentioned include the Bakery Square 2.0 expansion by Google, the sublease by UPMC at Heinz 57 Center and Michael Baker International's pending move of its headquarters from Moon Township to 500 Grant St. Read more about the study here. 
There are some programs and organizations in Pittsburgh that aim to make business space more available to Pittsburgh startups and small businesses. In addition to other local entrepreneurship advocacy, Riverside Center for Innovation along with North Side Industrial Development Co. (NSIDC) redevelops brownfields, sites that are abandoned and potentially contaminated, into places for new businesses. To learn more about NSIDC and their brownfield work, view the blog here. Visit the RCI website to learn more about our office options and programs. 

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