Fall 2019 Executive Director Message

Last month marked my one year as Executive Director of NAIOP Pittsburgh. And for our chapter, this past year has been one characterized by growth, innovation, and incremental change. Building from the many years of excellence, 2018-19 has been one of NAIOP Pittsburgh’s best years. Our membership grew by over 15 percent, our events consistently sold to capacity, including record attendance at the 26th Annual Awards Banquet, and our Developing Leaders (DL) program skyrocketed this year with strong programming. 

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Erica LoftusCREpgh
Fall 2019 President's Message

As we head into fall, it is a great time to reflect on a very eventful year for development in general, and for NAIOP Pittsburgh as a Chapter. So many important and interesting projects are underway, recently completed or starting off. The explosion of great development projects in the strip, the continued tech emergence in Lawrenceville, airport corridor growth, and the first completed – and occupied – buildings at Hazelwood Green all bode well for our region and our industry. As a chapter, NAIOP Pittsburgh continues to make great progress in growing our membership, dramatically increasing our advocacy platform, and continuing to provide great networking and service to the real estate development community in the region.

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It’s Not the Rent. It’s the Retention

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.

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Erica Loftus
Mendoza's viewpoint: Development restrictions won’t produce affordable housing

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.

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Spring 2019 Executive Director Message

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.

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Erica Loftus
Industrial Leasing Continues Strong Pace

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.

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Erica Loftus