{"id":10295,"date":"2025-11-04T09:00:00","date_gmt":"2025-11-04T09:00:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=10295"},"modified":"2026-05-06T09:08:25","modified_gmt":"2026-05-06T09:08:25","slug":"pittsburgh-multifamily-market-report-october-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-october-2025\/","title":{"rendered":"Pittsburgh Multifamily Market Report \u2013 October 2025"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/pittsburgh-multifamily-market-report\/\">Pittsburgh Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>Rents Advance, Occupancy Dips<\/h2>\n<p>Pittsburgh average advertised asking rents were up 0.4%, on a trailing three-month basis through August, to $1,454. Meanwhile, the national figure improved 0.1%, to $1,755. The occupancy rate in stabilized properties across the metro contracted 10 basis points over the 12 months ending in July, settling at 95.4%. Even so, the figure remained well above the 94.7% national average, as per the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>U.S. multifamily market report<\/strong><\/a>.<\/p>\n<p><iframe id=\"datawrapper-chart-7dLkG\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Pittsburgh vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/7dLkG\/1\/\" height=\"326\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>Pittsburgh\u2019s unemployment rate reached 4.4% as of July, according to preliminary Bureau of Labor Statistics data. The figure was above the national average of 4.2%. All but three sectors saw employment growth, and the metro gained 18,200 net jobs during the 12 months ending in June. Pittsburgh International Airport will open its new $1.7 billion terminal in late 2025. This will augment the region\u2019s tourism sector, which received $9.4 billion in visitor spending in the past year, according to a Tourism Economics report.<\/p>\n<p><iframe id=\"datawrapper-chart-NXm58\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Pittsburgh Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/NXm58\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>The metro gained some 580 units year-to-date through August and had nearly 3,900 units under construction. Developers remained focused on the upscale Lifestyle segment, which accounted for all completions and nearly 80% of the units underway. Transaction activity mellowed, with multifamily sales totaling $68 million during the first eight months of the year. This was a considerable drop compared to the $264 million that traded during the same period in 2024.<\/p>\n<p>Read the full Yardi Matrix Pittsburgh Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/7941-MatrixMultifamilyPittsburghReport-October2025\"><strong>October 2025<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Rents Advance, Occupancy Dips Pittsburgh average advertised asking rents were up 0.4%, on a trailing three-month basis through August, to $1,454. Meanwhile, the national figure improved 0.1%, to $1,755. The occupancy rate in stabilized properties across the metro contracted 10 basis points over the 12 months ending in July, settling at 95.4%. Even so, the [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":9618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[513,62],"class_list":["post-10295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2025","tag-pittsburgh"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pittsburgh Multifamily Market Report \u2013 October 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Pittsburgh\u2019s advertised asking rents were up 0.4 percent on a T3 basis through August, to $1,454, Yardi Matrix reports.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-october-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pittsburgh Multifamily Market Report \u2013 October 2025\" \/>\n<meta property=\"og:description\" content=\"Pittsburgh\u2019s advertised asking rents were up 0.4 percent on a T3 basis through August, to $1,454, Yardi Matrix reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-october-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-04T09:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-06T09:08:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/05\/Pittsburgh-iStock-2231872860-MHN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Agota Felhazi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Pittsburgh Multifamily Market Report \u2013 October 2025 - 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