1. Can Pittsburgh bank on robotics and tech to transform the office market?
2. Pittsburgh office market net absorption went down 3% in 2017. Is this detrimental to your office investments?
3. Are small startup tenants worth the leasing risk?
4. As new office product comes into the market, how will older properties compete?
5. Which emerging submarkets like East Liberty and Silicon Strip hold the most opportunity?
Nova Place is a multi-million-dollar urban redevelopment of the former Allegheny Center, encompassing 1.5 million square feet of first-class office space in addition to these elevated amenities: dining options including Federal Galley, Union Fitness - a 10,000 square foot fitness center, modernized common areas, a 3,000 car parking garage with bike storage, contemporary residential units, and Pittsburgh’s largest co-working space, Alloy 26. Nova Place is located in the historic North Side, located at the confluence of major roadways and mass transit routes, with unparalleled proximity to downtown, and all major cultural destinations unique to Pittsburgh.
Faros Properties is a vertically integrated, full-service owner, developer and operator of real estate. Faros focuses on core principles of entrepreneurship, integrity, lasting impact and civic improvement. We greatly value our long-term relationships with our partners, tenants and residents and endeavor to build and create inspired spaces to live, work and thrive.
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Tenants Innovating the Office Market
How are Developers Adapting to the Tech Industry and Modern Tenants?
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Investing in Pittsburgh Office
When, Where and How Should You Invest in the City
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100 S Commons
Pittsburgh, PA 15212
Floor: Nova Tower 2, 9th Floor
Parking in the Nova Place Garage
For easiest access, enter parking garage GATE 4 on South Commons. Stay in the leftmost lanes when you enter and take the nearest elevator (look for the elevator that says CENTRAL 2) up to the Plaza Level of the concourse.
RIDE SHARE/PUBLIC TRANSPORTATION:
There is an entrance to the concourse at the corner of South Commons and Federal Street, across from the Post Office. Go up the steps, into the glass doors
It seems like every other day we're seeing a national news article calling Pittsburgh a "city on the rise," and a city experiencing a revival. We're seeing interest Pittsburgh office from around the nation as all eyes are on our booming city.
For those of us who have seen the rise of tech, robotics and biomedical industries in Pittsburgh for years, this is old news! We won't complain that everyone else has finally caught on (but we will reserve bragging rights).
Amidst the excitement, however, we are still seeing net negative absorption. Is this cause for concern, and are we growing too confident in the office market?
Join us as we dive deep into Pittsburgh's office market and answer all of the questions you need to know to maximize your investments in the city.
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