TribLIVE

| Business

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Commercial real estate deals surge

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

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.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Stories

  1. Steelers notebook: Tomlin mum on Bryant suspension
  2. Rossi: Beleaguered Steelers need MVP from Big Ben
  3. Big plays cost Steelers defense in 43-19 preseason loss at Bills
  4. QB Vick hits ground running in debut
  5. Pitt’s cancer institute marks 30 years with eye toward future
  6. Port Authority’s plan for car-free communities slow to bear fruit
  7. Happ’s strong start, Ramirez’s homer pace Pirates past Rockies
  8. Unlike during his time at Florida, Ohio State’s Meyer learning to enjoy his success
  9. Hill District group asks why locals not part of Penguins project design opportunity
  10. Starting 9: Pirates place renewed emphasis on nabbing base-stealers
  11. NFL notebook: Falcons make Jones league’s richest WR