{"id":9616,"date":"2025-05-12T08:01:00","date_gmt":"2025-05-12T08:01:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9616"},"modified":"2025-11-13T08:08:32","modified_gmt":"2025-11-13T08:08:32","slug":"pittsburgh-multifamily-market-report-april-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-april-2025\/","title":{"rendered":"Pittsburgh Multifamily Market Report \u2013 April 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>Sales Pick Up, Occupancy Solid<\/h2>\n<p>Pittsburgh average advertised asking rents were up 0.3%, on a trailing three-month basis through February, to $1,405, 30 basis points above the national figure, which remained flat at $1,751, as per the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>U.S. multifamily market report<\/strong><\/a>. Over the 12-month period ending in February, the occupancy rate in stabilized properties in the metro was up 20 basis points, reaching 95.3%.<\/p>\n<p><iframe id=\"datawrapper-chart-WcBKU\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Pittsburgh vs. National Rent Growth \" src=\"https:\/\/datawrapper.dwcdn.net\/WcBKU\/1\/\" height=\"329\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";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}}}))}();<br \/>\n<\/script><\/p>\n<p>Pittsburgh\u2019s employment market expanded 1.8% last year, adding 23,300 net jobs. The rate was 50 basis points above the national figure. Education and health services added the most positions (9,100). The unemployment rate in the metro stood at 4.5% as of January, 50 basis points above the U.S. figure, according to preliminary data from the Bureau of Labor Statistics. TECFusions has unveiled plans to develop a massive 1,400-acre data center project near Pittsburgh. The adaptive-reuse development will feature the transformation of a former office and industrial property into a data center campus that will provide as much as 3 gigawatts of capacity over the next six years.<\/p>\n<p><iframe id=\"datawrapper-chart-vaI0S\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Pittsburgh Employment Share by Sector \" src=\"https:\/\/datawrapper.dwcdn.net\/vaI0S\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";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}}}))}();<br \/>\n<\/script><\/p>\n<p>Developers had 2,793 units under construction as of February. Another 16,000 apartments were in the planning and permitting stages. The number of construction starts in 2024 decreased by 7.5% compared to the previous year, with 1,344 units across seven projects breaking ground. Transaction activity picked up in 2024, closing the year at $277 million, which was double 2023\u2019s figure.<\/p>\n<p>Read the full Yardi Matrix Pittsburgh Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/7100-MatrixMultifamilyPittsburghReport-April2025\"><strong>April 2025<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Sales Pick Up, Occupancy Solid Pittsburgh average advertised asking rents were up 0.3%, on a trailing three-month basis through February, to $1,405, 30 basis points above the national figure, which remained flat at $1,751, as per the U.S. multifamily market report. Over the 12-month period ending in February, the occupancy rate in stabilized properties in [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":8830,"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-9616","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 April 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Advertised asking rents in Pittsburgh were up 0.3 percent on a T3 basis through February, to $1,405, 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-april-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 April 2025\" \/>\n<meta property=\"og:description\" content=\"Advertised asking rents in Pittsburgh were up 0.3 percent on a T3 basis through February, to $1,405, Yardi Matrix reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-april-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-12T08:01:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-13T08:08:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/11\/Pittsburgh-iStock-2191252398-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=\"Madalina Pojoga\" \/>\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 April 2025 - Yardi Matrix Blog","description":"Advertised asking rents in Pittsburgh were up 0.3 percent on a T3 basis through February, to $1,405, Yardi Matrix reports.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-april-2025\/","og_locale":"en_US","og_type":"article","og_title":"Pittsburgh Multifamily Market Report \u2013 April 2025","og_description":"Advertised asking rents in Pittsburgh were up 0.3 percent on a T3 basis through February, to $1,405, Yardi Matrix reports.","og_url":"https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-april-2025\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2025-05-12T08:01:00+00:00","article_modified_time":"2025-11-13T08:08:32+00:00","og_image":[{"width":1200,"height":900,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/11\/Pittsburgh-iStock-2191252398-MHN.jpg","type":"image\/jpeg"}],"author":"Adina Rogoz","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Madalina Pojoga","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-april-2025\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-april-2025\/"},"author":{"name":"Adina Rogoz","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8"},"headline":"Pittsburgh Multifamily Market Report \u2013 April 2025","datePublished":"2025-05-12T08:01:00+00:00","dateModified":"2025-11-13T08:08:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-april-2025\/"},"wordCount":228,"commentCount":0,"publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-april-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/11\/Pittsburgh-iStock-2191252398-MHN.jpg","keywords":["Multifamily Outlook 2025","Pittsburgh"],"articleSection":["Metro Reports","Multifamily Market","Real Estate Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-april-2025\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-april-2025\/","url":"https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-april-2025\/","name":"Pittsburgh Multifamily Market Report \u2013 April 2025 - Yardi Matrix Blog","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-april-2025\/#primaryimage"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-april-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/11\/Pittsburgh-iStock-2191252398-MHN.jpg","datePublished":"2025-05-12T08:01:00+00:00","dateModified":"2025-11-13T08:08:32+00:00","description":"Advertised asking rents in Pittsburgh were up 0.3 percent on a T3 basis through February, to $1,405, Yardi Matrix reports.","breadcrumb":{"@id":"https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-april-2025\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-april-2025\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-april-2025\/#primaryimage","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/11\/Pittsburgh-iStock-2191252398-MHN.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/11\/Pittsburgh-iStock-2191252398-MHN.jpg","width":1200,"height":900,"caption":"Photo by Andre Samuel\/iStockphoto.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardimatrix.com\/blog\/pittsburgh-multifamily-market-report-april-2025\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardimatrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Pittsburgh Multifamily Market Report \u2013 April 2025"}]},{"@type":"WebSite","@id":"https:\/\/www.yardimatrix.com\/blog\/#website","url":"https:\/\/www.yardimatrix.com\/blog\/","name":"Yardi Matrix Blog","description":"Stay current with the latest commercial real estate market trends and forecasts","publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardimatrix.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.yardimatrix.com\/blog\/#organization","name":"Yardi Matrix","url":"https:\/\/www.yardimatrix.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","width":200,"height":39,"caption":"Yardi Matrix"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/yardi-matrix\/","https:\/\/www.youtube.com\/channel\/UCRHgAZL4YoyeNEdiRN5uj0g"]},{"@type":"Person","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8","name":"Adina Rogoz","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7708bca9e09cc5676d0f96a14b833143f233709c6888184035d1e1f75c05fabb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7708bca9e09cc5676d0f96a14b833143f233709c6888184035d1e1f75c05fabb?s=96&d=mm&r=g","caption":"Adina Rogoz"},"description":"Adina Rogoz is a Senior Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2016 and is writing real estate related news, blog articles, reports and Q&amp;As. \ud83d\udce7 You can reach out to her at adina.rogoz@cpe-mhn.com","url":""}]}},"jetpack_featured_media_url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/11\/Pittsburgh-iStock-2191252398-MHN.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/9616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/users\/436"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/comments?post=9616"}],"version-history":[{"count":1,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/9616\/revisions"}],"predecessor-version":[{"id":9620,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/9616\/revisions\/9620"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media\/8830"}],"wp:attachment":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media?parent=9616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/categories?post=9616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/tags?post=9616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}