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Market Report

Pittsburgh Retail Market Report

2Q 2022

Robotics and Tech Sectors' Growth Boosts Retail
Spending Amid Development Abatement

Downtown leasing ticks up as tech employment grows. The influx of young professionals and skilled laborers stemming from the city's expanding robotics and technology sectors have resulted in increased retail spending, especially in central neighborhoods. The types of vendors moving into the CBD and closer-in locales are largely experiential retailers looking to cater to the leisure demands of the younger and higher-income cohort. Two indoor golfing facilities moved in, one in the Strip District and one in the CBD, in addition to new gyms, a boxing facility and high-end eateries. South Side Flats is another central locale reporting strong leasing, with at least 10 deals inked on East Carson Street in the past 12 months. While interior areas are still home to elevated vacancy, recently strong leasing suggests movement toward 2019 levels is emerging.
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