{"id":6625,"date":"2025-11-04T09:29:00","date_gmt":"2025-11-04T09:29:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=6625"},"modified":"2025-11-13T08:08:28","modified_gmt":"2025-11-13T08:08:28","slug":"pittsburgh-multifamily-market-report","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report\/","title":{"rendered":"Pittsburgh Multifamily Market Report \u2013 October 2025"},"content":{"rendered":"<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>\n","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":753,"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-6625","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=\"Access the newest Pittsburgh multifamily market report from Yardi Matrix to delve into the market&#039;s fundamentals and more.\" \/>\n<meta name=\"robots\" content=\"index, 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