Matrix Multifamily Pittsburgh Report-April 2022 April 28, 2022

Pittsburgh Rent Growth Slows but Remains Solid

Rent growth in Pittsburgh was just 0.3 percent on a T3 basis through February, reaching $1,266. Occupancy climbed above 96% in January as the construction pace picked up slightly but population continued to decrease. The employment market is in recovery mode but lags U.S. numbers.