Posted by: prudentialpreferred | January 23, 2009

Pittsburgh Ranked #1 in Real Estate Niche

How does a once “smoky city” become a national model a commercial real estate boom?  As Pittsburgh’s revitalization began to grow and take shape, more and more large corporations were drawn to the region. As those same companies choose to make Pittsburgh home, the demand for housing and hotels continues to grow. And the cycle goes… Education, health care, high technology and nuclear energy are making Pittsburgh shine as a premier place to do business, and that leads to a strong and stable real estate environment. So strong, in fact, Pittsburgh beat out 58 other large metropolitan areas to rank #1 in commercial real estate markets. To read the full story, click on the Pittsburgh Post-Gazette link here: http://www.post-gazette.com/pg/09023/943845-28.stm


Responses

  1. We have been very lucky that our area wasn’t affected by the speculative investment buying many of the larger cities were and that has helped keep our market stable. It’s nice to hear good news about Pittsburgh, especially when so many other parts of the country are all doom and gloom about the real estate market.


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