Pittsburgh Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, Colliers, CBRE, Newmark
Quarterly industrial market indicators for Pittsburgh, aggregated by CREhunt from Cushman & Wakefield, Colliers, CBRE, Newmark. As of Q1 2026, average asking rent was — with a 6.3% vacancy rate.
Projected current industrial pricing — Pittsburgh
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 5.0%, asking rent held flat). Assumes ~94% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 | — | — | 0K SF | — | Cushman & Wakefield |
| Q1 2026 | — | 6.3% | 121K SF | — | Colliers |
| Q1 2026 | $7.85/SF | 6.3% | 2K SF | 0K SF | Cushman & Wakefield |
| Q1 2026 | $7.63/SF | — | — | 843K SF | CBRE |
| Q4 2025 | — | 6.5% | 0K SF | — | Cushman & Wakefield |
| Q4 2025 | — | — | — | — | Newmark |
| Q3 2025 | — | 6.6% | 0K SF | — | Cushman & Wakefield |
| Q2 2025 | — | — | 2K SF | — | Cushman & Wakefield |
| Q2 2025 | — | — | 145K SF | — | Newmark |
| Q1 2025 | — | — | — | 60K SF | Newmark |
| Q1 2025 | $25.84/SF | 20.0% | 0K SF | — | Cushman & Wakefield |
| Q3 2024 | — | — | 300K SF | — | Newmark |
| Q3 2023 | — | — | 120K SF | — | Newmark |
| Q1 2023 | — | 4.0% | — | — | Newmark |
| Q4 2022 | — | — | — | 1.0M SF | Newmark |
| Q2 2022 | $164.00/SF | — | — | — | Newmark |
| Q4 2020 | $7.76/SF | 3.7% | 1.5M SF | — | Cushman & Wakefield |
How the brokerage sources compare
For Q1 2026, the brokerages CREhunt aggregates for Pittsburgh industrial did not fully agree. Asking-rent estimates differ by $0.22/SF — from $7.63 to $7.85. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Cushman & Wakefield | 6.3% | $7.85/SF | — |
| Colliers | 6.3% | — | 5.0% |
| CBRE | — | $7.63/SF | — |
Per-brokerage figures for Q1 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Pittsburgh?
- CREhunt aggregates industrial asking-rent data for Pittsburgh from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the industrial vacancy rate in Pittsburgh?
- The industrial vacancy rate in Pittsburgh was 6.3% as of Q1 2026 (Colliers).
- Where does CREhunt's Pittsburgh market data come from?
- This report aggregates quarterly industrial market data for Pittsburgh from Cushman & Wakefield, Colliers, CBRE, Newmark.
- How much do brokerage estimates differ for industrial space in Pittsburgh?
- For Q1 2026, the brokerage sources CREhunt aggregates for Pittsburgh did not fully agree. Asking-rent estimates differ by $0.22/SF — from $7.63 to $7.85. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.