Pittsburgh office market report

Q2 2026

Pittsburgh’s office market showed real signs of stabilization in Q2, as leasing activity increased 13% from Q2 2025 and up 29% from Q1, availability tightened for a fifth straight quarter, and absorption swung positive across every class. Class A led the market, capturing the bulk of both leasing and absorption gains, while Class B space posted more modest gains, with net absorption of +10k sf and leasing activity of 115k sf, both below Class A's totals.

886k sf

Leasing activity in Q2 2026

Pittsburgh office leasing activity reached roughly 886k sf in Q2 2026, up 13% from Q2 2025 and up 29% from Q1. Class A drove the quarter, accounting for 751k sf, or 85% of total activity, and up 48% YoY. Class B/C leasing both pulled back sharply from a year ago.

Notable Q2 leasing activity includes Bechtel Plant Machinery signing 450,000 sf at 4350 Northern Pike in Monroeville, and ADP signing 120,000 sf at 1550 Coraopolis Heights Rd in Coraopolis.

+188k sf

Net absorption in Q2 2026

Pittsburgh posted positive net absorption of 188k sf in Q2 2026, a sharp reversal from -512k sf in Q1. Q2 posted the second-highest absorption amount since at least 2020. The market is still negative for the year at -323k sf YTD.

The rebound was broad-based: all four classes posted positive absorption in Q2, versus three of four negative in Q1. Class A led with +155k sf, reversing a -286k sf Q1. Trophy posted positive absorption for a second straight quarter, while Class B/C both turned positive after negative starts to the year.

17.9%

Total availability in Q2 2026

Total availability in Pittsburgh fell to 17.9% in Q2 2026, which was down from 19.0% in Q1 and the fifth straight quarterly decline, from 20.2% in Q2 2025.

Class A did the heavy lifting, tightening to 19.8% from 22.0% in Q1, the single largest quarterly move of any class. Class B properties also tightened to 17.1% which is down from 17.3% in Q1.

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