As a Rust Belt market, Pittsburgh has seen some lag in the development of its multifamily sector in recent decades but has experienced less oscillation than other markets lately.\u00a0 Last year was particularly strong for the metro, but moderation is once again the main narrative in Steel City. Pittsburgh rent growth remained flat on a trailing three-month basis as of August, while the U.S. rate saw mild improvement, at 0.2%<\/strong><\/a>. The metro\u2019s average occupancy in stabilized properties was 95.5% as of July, 50 basis points higher than the national figure.<\/p>\n