Pittsburgh Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, Newmark, CBRE, JLL, Colliers
Quarterly industrial market indicators for Pittsburgh, aggregated by CREhunt from Cushman & Wakefield, Newmark, CBRE, JLL, Colliers. As of Q2 2026, average asking rent was $6.25/SF/yr and vacancy was 6.5%, per Cushman & Wakefield.
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 Q2 2026 Cushman & Wakefield data (cap rate 6.1%, 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 Cushman & Wakefield | $6.25/SF/yr | 6.5% | -66K SF | — | Cushman & Wakefield |
| Q2 2026 Newmark | — | 6.5% | 888K SF | 523K SF | Newmark |
| Q2 2026 CBRE | $7.73/SF/yr | — | — | — | CBRE |
| Q1 2026 Cushman & Wakefield | $5.92/SF/yr | 6.3% | 166K SF | 7 SF | Cushman & Wakefield |
| Q1 2026 CBRE | $7.63/SF/yr | — | — | 843K SF | CBRE |
| Q1 2026 JLL | $7.14/SF/yr | 4.7% | 323K SF | — | JLL |
| Q4 2025 CBRE | — | — | — | — | CBRE |
| Q4 2025 Cushman & Wakefield | $5.84/SF/yr | 6.5% | -87K SF | — | Cushman & Wakefield |
| Q4 2025 Newmark | — | 6.8% | 965K SF | — | Newmark |
| Q3 2025 Newmark | — | 7.1% | 500K SF | — | Newmark |
| Q3 2025 Cushman & Wakefield | $5.79/SF/yr | 6.6% | -1.1M SF | — | Cushman & Wakefield |
| Q2 2025 Newmark | — | 7.0% | 145K SF | — | Newmark |
| Q2 2025 Cushman & Wakefield | $5.90/SF/yr | 6.0% | 284K SF | — | Cushman & Wakefield |
| Q1 2025 Cushman & Wakefield | $25.84/SF/yr | 20.0% | — | — | Cushman & Wakefield |
| Q1 2025 Newmark | — | 7.2% | -36K SF | 60K SF | Newmark |
| Q4 2024 Newmark | — | 6.8% | 161K SF | — | Newmark |
| Q3 2024 Newmark | — | 6.9% | 300K SF | — | Newmark |
| Q2 2024 Newmark | — | — | 243K SF | — | Newmark |
| Q2 2024 Colliers | $7.02/SF/yr | 6.3% | 198K SF | — | Colliers |
| Q1 2024 Newmark | — | 6.8% | — | — | Newmark |
| Q4 2023 Newmark | $8.11/SF/yr | — | 1.9M SF | — | Newmark |
| Q4 2023 Cushman & Wakefield | $7.83/SF/yr | 5.3% | 1.5M SF | — | Cushman & Wakefield |
| Q3 2023 Newmark | $7.82/SF/yr | 6.7% | 120K SF | — | Newmark |
| Q2 2023 Newmark | $7.60/SF/yr | 6.3% | 160K SF | — | Newmark |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Pittsburgh industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Armstrong County | $2.25/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Beaver County | $6.00/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Butler County | $4.51/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| City of Pittsburgh | $8.62/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Cranberry | $15.50/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| East | $5.16/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Fayette County | $10.50/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Greater Downtown | $7.26/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Monroeville | $5.25/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| North Pittsburgh | $8.75/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northeast | $14.87/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| Northeast Pittsburgh | $7.52/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Parkway East Corridor | $2.55/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Parkway West Corridor | $6.35/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| South | $16.00/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| South Pittsburgh | $8.42/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Washington County | $5.50/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| West | $8.81/SF/yr CBRE · Q1 2026 | CBRE, Q1 2026 |
| West Pittsburgh | $10.26/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Westmoreland County | $5.90/SF/yr Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for Pittsburgh industrial did not fully agree. On vacancy, the sources span 0.1 points — from 6.5% (Newmark) to 6.5% (Cushman & Wakefield). Asking-rent estimates differ by $1.48/SF/yr — from $6.25/SF/yr to $7.73/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| CBRE | — | $7.73/SF/yr | — |
| Newmark | 6.5% | — | — |
| Cushman & Wakefield | 6.5% | $6.25/SF/yr | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Pittsburgh?
- As of Q2 2026, the average asking rent for industrial space in Pittsburgh was $6.25/SF/yr, per Cushman & Wakefield.
- What is the industrial vacancy rate in Pittsburgh?
- The industrial vacancy rate in Pittsburgh was 6.5% as of Q2 2026 (Cushman & Wakefield).
- Where does CREhunt's Pittsburgh market data come from?
- This report aggregates quarterly industrial market data for Pittsburgh from Cushman & Wakefield, Newmark, CBRE, JLL, Colliers.
- How much do brokerage estimates differ for industrial space in Pittsburgh?
- For Q2 2026, the brokerage sources CREhunt aggregates for Pittsburgh did not fully agree. On vacancy, the sources span 0.1 points — from 6.5% (Newmark) to 6.5% (Cushman & Wakefield). Asking-rent estimates differ by $1.48/SF/yr — from $6.25/SF/yr to $7.73/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.