MARKET SNAPSHOT Pittsburgh q3 2025

Market Overview

‍The Pittsburgh multifamily market is demonstrating strength as vacancy remains low at roughly 5.1 % and average full-service rent is around $1,445. Year-to-date net absorption of approximately 3,857 units is outpacing deliveries of 2,934 units, which signals improving fundamentals. Annual rent growth is near 2.2 % and the under-construction pipeline has shrunk to under 3,100 units, putting the region in a favourable position for tightened supply conditions in the near term.

‍About MMG

‍MMG Real Estate Advisors is a metropolitan multifamily research and advisory firm that provides detailed quarterly reports covering key metrics including rent trends, occupancy, absorption, completions and pipeline status. Their Pittsburgh Q3 2025 market report supports owners, developers and investors in timing decisions and market positioning. To read the full report, click here.