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West Virginia
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VACANCY
Apartment
The average Vacancy Rate was 3.7% in the Pittsburgh metro
- Vacancy in the Pittsburgh metro drifted downward by 30 basis points.
- The Pittsburgh metro had the lowest vacancy level since year-end 2014.
Distribution / Warehousing
The average Vacancy Rate was 2.7% in the Pittsburgh metro
- Vacancy in the Pittsburgh metro has been in decline for seven consecutive quarters.
- The Pittsburgh metro had the lowest vacancy level since Q3 2009.
Flex / R&D
The average Vacancy Rate was 12.0% in the Pittsburgh metro
- Vacancy in the Pittsburgh metro declined by 150 basis points.
- The Pittsburgh metro had the lowest vacancy level since Q3 2009.
Office
The average Vacancy Rate was 19.6% in the Pittsburgh metro
Retail
The average Vacancy Rate was 12.6% in the Pittsburgh metro
- Vacancy in the Pittsburgh metro drifted upward by 10 basis points.
- The Pittsburgh metro had the highest vacancy level since year-end 1994.
RENT
Apartment
The average Asking Rent was $1,330 in the Pittsburgh metro
- Rent in the Pittsburgh metro was up 0.2% from Q3 2022.
- Rent Has risen for seven consecutive quarters in the Pittsburgh metro.
Distribution / Warehousing
The average Asking Rent was $5.24 in the Pittsburgh metro
Flex / R&D
The average Asking Rent was $9.36 in the Pittsburgh metro
- Rent in the Pittsburgh metro was up 2.2% from Q3 2022.
- Pittsburgh metro had its fastest rent rate of increase since Q2 2010.
Office
The average Asking Rent was $23.83 in the Pittsburgh metro
- Rent in the Pittsburgh metro was up 1.1% from Q3 2022.
- Pittsburgh metro had its fastest rent rate of increase since Q1 2017.
- Rent Has risen for nine consecutive quarters in the Pittsburgh metro.
Retail
The average Asking Rent was $18.22 in the Pittsburgh metro
VACANCY
Apartment
The average Vacancy Rate was 4.5% in the Suburban Virginia market
- Vacancy in the Suburban Virginia market drifted downward by 20 basis points.
- The Suburban Virginia market had the lowest vacancy level since Q1 2020.
Distribution / Warehousing
The average Vacancy Rate was 1.7% in the Suburban Virginia market
- Vacancy in the Suburban Virginia market declined by 70 basis points.
- The Suburban Virginia market had the lowest vacancy level since Q3 2009.
Flex / R&D
The average Vacancy Rate was 5.2% in the Suburban Virginia market
- Vacancy in the Suburban Virginia market declined by 60 basis points.
- The Suburban Virginia market had the lowest vacancy level since Q3 2009.
Office
The average Vacancy Rate was 20.1% in the Suburban Virginia market
- Vacancy in the Suburban Virginia market drifted downward by 20 basis points.
- The Suburban Virginia market had the lowest vacancy level since year-end 2020.
Retail
The average Vacancy Rate was 6.0% in the Suburban Virginia market
- Vacancy in the Suburban Virginia market drifted downward by 10 basis points.
- The Suburban Virginia market had the lowest vacancy level since Q1 2020.
RENT
Apartment
The average Asking Rent was $2,122 in the Suburban Virginia market
- Rent in the Suburban Virginia market was up 0.8% from Q3 2022.
- Rent Has risen for seven consecutive quarters in the Suburban Virginia market.
Distribution / Warehousing
The average Asking Rent was $11.21 in the Suburban Virginia market
- Rent in the Suburban Virginia market was up 2.8% from Q3 2022.
- Rent Has risen for eight consecutive quarters in the Suburban Virginia market.
Flex / R&D
The average Asking Rent was $14.90 in the Suburban Virginia market
- Rent in the Suburban Virginia market was up 2.4% from Q3 2022.
- Rent Has risen for seven consecutive quarters in the Suburban Virginia market.