Matrix Multifamily Pittsburgh Report-October 2022 November 08, 2022

Pittsburgh Sees Ups and Downs in Fundamentals

After largely trailing the national rate of growth throughout the cycle, Pittsburgh’s rental market outperformed the national rate of growth by 20 basis points on a T3 basis, at 0.8 percent as of August. Its oscillating construction market added units at a below-national rate, while investment was extremely limited, even by the market’s typically moderate standards.