Regional Data

Sometimes it’s best to let the data do the talking.

The PRA market research team is headed by market research & analysis veteran Jim Futrell, Jr., CCR. The team is at your disposal when it comes to collecting and analyzing the facts, figures and stats that validate the Pittsburgh region as an opportune investment location and a place for future growth. It’s skilled at tailoring data for requests for proposals (RFPs), requests for information (RFIs) and other reports common to corporate site selection.

In addition to these, the PRA’s market research resources include:

Data on Demand

Viewing individual data tables or build reports tailored to your specific needs

PittsburghProspector.com

Location-specific data and reports; commercial and industrial real estate searches


GDP

• $135.7 (2014) I 23rd largest economy among U.S. metro areas
• Up 4.5% over $131.3B in 2013 and up 22.6% since 2007
• Beating U.S. & Benchmark Averages: 4 out of last 5 years (2010 – 2014)

Largest GDP Contributors

• Financial Activities: 19.7% I $26.8B
• Professional & Business Services: 15.6% I$21.1B
• Manufacturing: 9.7% I $13.2B
• Healthcare & Social Assistance: 9.4% I $121.7B


Regional Indicators

Pittsburgh Region Nation
Unemployment Rate* Aug 2016 6.0% 4.9%
Civilian Labor Force (000’s) Aug 2016 1,324.3 159,463.0
High-Value Industry Employment** Aug 2016 564.0 60,480.7
% of Total Employment 48.7% 41.9%
Average Wage 1Q 2016 $51,636 $52,882
Average Office Rent/SF 2Q 2016 $22.53 $29.13
Average Industrial Rent/SF 2Q 2016 $4.79 $5.85
Cost of Living Index 2Q 2016 93.4 100.0
Median Home Price (000s) 2Q 2016 $145.0 $240.0

*Unemployment Rate and Civilian Labor force reflect the 10-county region on a seasonally adjusted basis. Average wages reflect four quarter average.
**High-value industry employment consists of employment in industries that pay at least 110 percent of the overall average wage at the national level.
Sources: US Bureau of Labor Statistics; PA Department of Labor & Industry; C2ER; NAHB/Wells Fargo Housing Opportunity Index; Newmark Grubb Knight Frank. Updated: Pittsburgh Regional Alliance 09.30.2016

Data On Demand