$0
Average Rent
$1,405 average rent in Pittsburgh, Q1 2026
0%
Occupancy Rate
95% occupancy rate Pittsburgh, Q1 2026
0
T4Q Net Absorption
1,543 T4Q net absorption in Pittsburgh, Q1 2026
0%
Annual Rent Change
1% annual rent change in Pittsburgh, Q1 2026
0
BPS Annual Occupancy Change
-10 BPS annual occupancy change in Pittsburgh, Q1 2026
0
T4Q Unit Completions
2,562 T4Q net absorption in Pittsburgh, Q1 2026
KEY TAKEAWAYS
- Trailing 12-month net absorption of 1,543 units fell short of the 2,562 units delivered over the same period, sustaining lease-up competition across the metro. Q1 quarterly absorption of 239 units, up from 26 in the prior quarter, signals firming near-term demand conditions.
- The 2,562 units delivered over the past 12 months represent a sharp acceleration from the prior year, while trailing starts have contracted to 1,413 units and the active pipeline has declined to just 1.9% of the market’s base inventory, pointing to materially lower forward supply pressure through 2027.
- Pittsburgh ranks among the top tier of major markets for occupancy, supported by broad-based rent momentum with all submarkets recording quarter-over-quarter gains. This reflects demand fundamentals that have largely held firm through an elevated delivery cycle.
MARKET OUTLOOK
Pittsburgh’s supply cycle has transitioned away from its peak delivery pace. Active construction and trailing starts are both…
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