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Commercial real estate deals surge

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By Sam Spatter
Saturday, Dec. 1, 2012, 12:01 a.m.
 

The Pittsburgh region's commercial real estate market produced strong sales this year through October, increasing 28.3 percent in dollar value, according to a report on Friday.

Total sales from January through October were $1.1 billion compared to $855.4 million for the same period in 2011, according to a report by RealStats, a South Side-based real estate information company.

Total commercial transactions this year for the 10-month period reached 2,017, up 16.7 percent over the 1,729 last year.

The greatest increase was in Westmoreland County with $191.4 million in activity, up from $81.9 million, while Allegheny County had sales of $615.8 million, up from $557.5 million last year.

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