Newmark：2025年第三季度匹兹堡工业市场报告（英文版）

Vacancy trended down to a low of 5.5% in 2022 before edging up to about 7.1% by the third quarter of 2025 amid the limited new deliveries and steady, but more modest absorption, signaling stabilization rather than tightening in the market. Momentum has stabilized at moderate, positive levels through third quarter of 2025, with three consecutive quarters of gains, resulting in 500,000 SF of year-to-date positive absorption signaling steady demand in the market. From third quarter of 2020 to th