Commercial real estate activity in Pittsburgh region beats U.S.

By Pittsburgh Tribune-Review
Thursday, July 22, 2010

The volume of sales of commercial real estate in the five-county Pittsburgh area is fairing better than such property sales around the United States, according to a report Wednesday from RealStats, a real estate research firm on the South Side.

The $396 million worth of transactions through June 2010 represented 59.3 percent of the annual average over the previous five years. The comparable figure for the nation, however, was 26 percent.

Allegheny County accounted for almost $278 million of the region's first-half 2010 sales, and Westmoreland accounted for $45 million. First-half sales of offices and other commercial properties in the Pittsburgh area peaked at $907 million in 2006 and fell to $257 million in first-half 2009.

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