It’s Not the Rent. It’s the Retention
Mendoza's viewpoint: Development restrictions won’t produce affordable housing
You already know that the world’s best companies are moving into dynamic office spaces tailor made to look good on Instagram. But do you know the real reason that impressive lobbies, luxury amenities, giant fitness centers, and rooftop decks matter?
Yes, they help recruit top talent, increase productivity, enhance culture, and improve customer relations. But the real reason companies are making the move is far simpler: these spaces can save you millions of dollars per year.
Spring 2019 Executive Director Message
Our city’s leaders are correctly focused on maintaining housing affordability, and it is incumbent on all our leaders to work with them.
In the past few years, the city has convened a task force and developed policy options to preserve affordability. These actions have been important ones that top-tier cities preparing for growth should consider. While the funding mechanism — the realty transfer tax — is not the best option, its existence is a good thing for our city’s strategy.
Celebrating Excellence In Development
As we begin 2019, I am glad to report that Pittsburgh’s commercial real estate (CRE) outlook is strong, with increased demand for top tier inventory, strong growth in the tech sector, and an accelerating need to replace old inventory. However, as with most of the economy, external forces can impact the growth trajectory of our industry.
Industrial Leasing Continues Strong Pace
On March 28th, 2019, we will be co-chairing the annual prestigious Pittsburgh NAIOP Awards Banquet. We are so proud and excited to be a part of this event…
NAIOP Pittsburgh Blog – 2018 Technology Report: Pittsburgh is not the Next Silicon Valley, but Something Else
Hanna Langholz Wilson Ellis recently released our November 2018 Western PA Industrial Market Report. The report outlines the typical market statistics, but more importantly evaluates the users of industrial space in our area, which is necessary to understand for developers and Brokers alike.
NAIOP Pittsburgh Blog – President’s Note
Pittsburgh’s technology environment is different than any other market in the world and it is showing no signs of slowing down. Exclusive industry data and insights in JLL’s new 2018 Pittsburgh Technology Report illustrates the uniqueness of the city’s growth.
As my second and final term as President for NAIOP Pittsburgh is coming to a close at the end of 2018, I am pleased to report that the Chapter is strong and, more importantly, positioned well for the future of commercial real estate in the region.