Property Management in Pittsburgh, PA - All Property Management

Millennials Driving Medical Technology in Pittsburgh Property Market

The influx of new residents thanks in part to investments in education in the area. The University of Pittsburgh Medical Center is seen as one of the best in the country. Currently, plans include spending hundreds of millions of dollars over the coming years on new education and technology sectors, which in turn, will drive the local economy.

That investment alone is expected to continue to drive growth across Pittsburgh’s property market as more people, especially Millennials, flock to the city for high end jobs in medical technology and science.

Pittsburgh Real Estate Market Booming Thanks to Renaissance

In the last few years, Pittsburgh has been on just about every list of cities that are livable and affordable with plenty of culture and things to do. As the building boom continues across the city, many of Pittsburgh's neighborhoods including Bakery Square and the East End are seeing lower levels of vacancies.

While growth is projected to continue over the coming years, one area that property owners and landlords want to pay attention to is rental prices. Recent reports have found that over the next few years there could be an extra inventory of rental units, especially in high priced buildings.

One way to keep track of what's happening in the market is to work closely with a local Pittsburgh property management company. The experts will be able to help guide you through the listing, showing, and tenant screening process.

If you'd like to learn more, look at the list of companies here and get in touch for your free information today.