{"id":11,"date":"2023-07-20T01:39:30","date_gmt":"2023-07-20T01:39:30","guid":{"rendered":"https:\/\/hannacre.local\/locations\/pennsylvania\/pittsburgh\/blog\/"},"modified":"2023-12-19T19:39:27","modified_gmt":"2023-12-19T19:39:27","slug":"blog","status":"publish","type":"page","link":"https:\/\/hannacre.com\/locations\/pennsylvania\/pittsburgh\/about\/blog\/","title":{"rendered":"Blog"},"content":{"rendered":"\n<!-- Command Post - Two-Column Content Block -->\n<section id=\"cp-block-6aab3fa2246f2\" class=\"cp-block cp-block-two-column-content media-type-image media-placement-left text-color-dark text-align-left bg-type-color padding-top-2 padding-bottom-2\" style=\"background: transparent; --cp-block-bg-color: transparent; --cp-block-blur: 0px; \">\n   \n   \n   \n   \n   <div class=\"cp-block-wrapper\">\n      <div class=\"cp-block-content\">\n         <div class=\"container\">\n            <div class=\"row g-5 align-items-center\">\n\n               <div class=\"col-lg-6  order-lg-1\" style=\"height: 28rem;\">\n                  <aside class=\"cp-block-media\" style=\"height: 100%;\">\n                     \n                        <img width=\"308\" height=\"435\" src=\"https:\/\/hannacre.com\/locations\/pennsylvania\/pittsburgh\/wp-content\/uploads\/sites\/13\/2023\/12\/Pittsburgh-Industrial-Report-Q3-23-_-e1703014627526.png\" class=\"attachment-full size-full\" alt=\"\" srcset=\"https:\/\/hannacre.com\/locations\/pennsylvania\/pittsburgh\/wp-content\/uploads\/sites\/13\/2023\/12\/Pittsburgh-Industrial-Report-Q3-23-_-e1703014627526.png 308w, https:\/\/hannacre.com\/locations\/pennsylvania\/pittsburgh\/wp-content\/uploads\/sites\/13\/2023\/12\/Pittsburgh-Industrial-Report-Q3-23-_-e1703014627526-212x300.png 212w\" sizes=\"(max-width: 308px) 100vw, 308px\" \/>\n                                       <\/aside>\n               <\/div>\n\n               <div class=\"col-lg-6 order-3 ms-auto\" data-animation=\"fadeInUp\">\n\n                                       <header class=\"cp-block-header\">\n\n                        <h2 class=\"cp-block-headline\">Q3 23<\/h2><h3 class=\"cp-block-subheadline\">Pittsburgh Industrial Market Report<\/h3>\n                     <\/header>\n                  \n                                       <main class=\"cp-block-body\">\n                        <p>Q3 23 &#8211; Abundant reasons for optimism<\/p>\n<p>Despite the ongoing softening the industrial market is experiencing at both the national and local levels, there are few reasons for pessimism regarding the long-term health of the sector. Numerous sources of data show leasing velocity slowing and\u00a0 vacancies climbing across the country, but in many ways this cooling represents a return to normalcy after years of pandemic related upheaval. Indeed, there are abundant reasons for optimism. For instance, CoStar data shows that despite the uptick in availability, national vacancy rates remain comfortably beneath the 20-year historic averages. Amazon is picking back up its leasing activity and many other industries are also making moves with over 20 large electric, battery, and semiconductor plants set to open in the next three years. Pittsburgh\u2019s own data mirrors these national trends. CoStar has local vacancies hovering around 5%, with total net absorption of about 1.5 million SF. This represents a slight cooling of leasing activity but also indicates that demand is strong enough to support newer supply.<\/p>\n                     <\/main>\n                  \n                                       <footer class=\"cp-block-footer\">\n                        <div class=\"cp-block-buttons\">\n                           \n                        <\/div>\n                     <\/footer>\n                  \n               <\/div>\n\n            <\/div>\n         <\/div>\n      <\/div>\n   <\/div>\n\n   <\/section>\n<!-- End Command Post - Two-Column Content Block -->","protected":false},"excerpt":{"rendered":"<p>Q3 23Pittsburgh Industrial Market Report Q3 23 &#8211; Abundant reasons for optimism Despite the ongoing softening the industrial market is experiencing at both the national and local levels, there are few reasons for pessimism regarding the long-term health of the sector. Numerous sources of data show leasing velocity slowing and\u00a0 vacancies climbing across the country, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":9,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"ngg_post_thumbnail":0,"footnotes":""},"class_list":["post-11","page","type-page","status-publish","hentry"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 5.0.1.1 - aioseo.com -->\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/hannacre.com\/locations\/pennsylvania\/pittsburgh\/about\/blog\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO Pro (AIOSEO) 5.0.1.1\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Pittsburgh, PA Office |\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Blog | 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