Sometimes it’s best to let the data do the talking.
In addition to these, the PRA’s market research resources include:
Viewing individual data tables or build reports tailored to your specific needs
Location-specific data and reports; commercial and industrial real estate searches
• $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)
• 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
|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