Pittsburgh

Cresa Pittsburgh Blog

• 2/25/2013Pittsburgh News
  With the increase in downtown residential properties, businesses are beginning to take notice (especially restaurants). Meat and Potatoes has been turning away so many customers that the owners decided to open a second restaurant.  Butcher and the Rye will open in the former Palate space this June. The former Trombino Piano Gallerie has plans to [...] Read More
• 2/4/2013Pittsburgh News
  Eddie Merlot’s, a high end steak and seafood restaurant will be opening a location in Gateway Center.  Eddie Merlot’s is investing money to renovate the space formerly occupied by  the restaurant Elements.  With downtown buildings being converted to apartments and condos, look for more retailers to open their doors in downtown Pittsburgh. The Whiskey Barrel [...] Read More
• 12/13/2012Top Ten Lease Issues to Negotiate OTHER than Rental Rate
  As you negotiate your commercial real estate lease, there are many different clauses that could impact your tenancy.  A lower rental rate may not always be your companies main priority.  Here are ten issues to negotiate other than your rental rate.   1) Expansion Rights – If your company plans on growing, you must have [...] Read More
• 11/19/20124 Reasons Companies Miss Great Real Estate Deals
  Many company leaders are under the impression that they can negotiate a better lease renewal or relocation on their own.  They don’t understand the benefits of working with a broker.  Below are four major reasons companies are missing out when they underestimate the brokers knowledge:    Lack knowledge of the real estate market Are not [...] Read More
• 11/9/201220 Questions
  With 2013 quickly approaching, now is a great time to look at your commercial real estate needs.  Below are 20 questions for you to consider as you plan for a new year. 1) Do your business units each have a plan for rapid changes in market conditions? 2) Can you tell the current state of [...] Read More
• 10/1/2012Corridors of Opportunity at Bakery Square
  On Thursday, September 27, 2012 the Pittsburgh Business Times hosted Corridors of Opportunity at Bakery Square.  After a quick sprint through the rain, we were able to get an early view of the next phase in the development, Bakery Square 2.0  Bakery Square 2.0 is going to be constructed on the site of the former [...] Read More
• 9/19/2012Sublease – 100 Beecham Drive
  Contact Ryan Conboy at 412-336-3337 for more information. PHP Freelancer Read More
• 8/27/2012Big Deal or Good Deal?
  When talking to a potential tenant, many landlord brokers will share the news of a “big deal” that just closed and brag about the properties recent success.  A big deal may be great for the landlord broker and the landlord, but are the terms of that “big deal” transaction beneficial to you? As a tenant [...] Read More
• 8/7/2012Pittsburgh’s Low Vacancy
  Pittsburgh’s vacancy rate continues to drop, now at 8% compared to a national average of 12.6%.  Near the end of 2007, Pittsburgh vacancy was at 20%.  As the vacancy rate fell, the average rental rate also declined.  In 2010, the average rental rate fell to around $21 SF.  In 2011, Pittsburgh received quite a bit [...] Read More
• 7/24/2012Too Much Space
  Bob Dylan sang The Times They Are A-Changin’ back in 1964.  Today those words can be applied to the commercial real estate market.  In order to survive the last few years, many companies have decreased their staff.  Decreasing the staff has led to employees having increased responsibility and increased work load.  An influx of cloud-computing [...] Read More