Pittsburgh Multifamily Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from CBRE, Cushman & Wakefield, Colliers, Lee Associates
Quarterly multifamily market indicators for Pittsburgh, aggregated by PropZone from CBRE, Cushman & Wakefield, Colliers, Lee Associates. As of Q1 2026, average asking rent was — with a 17.6% vacancy rate.
Projected current multifamily pricing — Pittsburgh
indicative confidenceModeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Pittsburgh multifamily yet, so this applies the typical cap rate across comparable multifamily markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 asking-rent data (benchmark cap rate 5.0%–5.8%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 17.6% | 266K SF | — | CBRE |
| Q1 2026 | $1300.00/SF | 8.7% | 360K SF | — | Cushman & Wakefield |
| Q1 2026 | — | 5.0% | 1K SF | — | Colliers |
| Q4 2025 | — | 11.7% | 522K SF | — | Lee Associates |
| Q4 2020 | $1753.00/SF | — | 8K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for multifamily space in Pittsburgh?
- PropZone aggregates multifamily asking-rent data for Pittsburgh from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the multifamily vacancy rate in Pittsburgh?
- The multifamily vacancy rate in Pittsburgh was 17.6% as of Q1 2026 (CBRE).
- Where does PropZone's Pittsburgh market data come from?
- This report aggregates quarterly multifamily market data for Pittsburgh from CBRE, Cushman & Wakefield, Colliers, Lee Associates.