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
|Unemployment Rate2||Dec 2016||5.8%||4.7%|
|Civilian Labor Force2||Dec 2016||1,322.0||159,640.0|
|High-Value Industry Employment3||Annual Average 2016||562.1||60,565.1|
|% of Total Employment||47.7%||41.4%|
|Average Wage2||2Q 2016||$51,726||$53,129|
|Average Office Rent/SF||4Q 2016||$23.04||$29.98|
|Average Industrial Rent/SF||4Q 2016||$4.76||$6.03|
|Cost of Living Index||Annual Average 2016||94.0||100.0|
|Median Home Price (000s)||3Q 2016||$150.0||$247.0|
1Pittsburgh Region includes Allegheny, Armstrong, Beaver, Butler, Fayette, Greene, Indiana, Lawrence, Washington and Westmoreland counties.
2 Unemployment Rate and Civilian Labor force reflect the 10-county region on a seasonally adjusted basis. Average wages reflect four quarter average.
3High-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 02.09.2017
• $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 $12.7B