Pittsburgh Multifamily Market Report | Q3 2025

Market Overview

‍Pittsburgh’s multifamily market held steady in Q3 2025, with occupancy rising to 94.8 percent and demand improving as the metro absorbed 855 units. Although average effective rent dipped slightly to 1,313 dollars after a strong second quarter, the broader trend remains stable. New supply was limited at 122 units, while the construction pipeline expanded to 2,710 units, reflecting growing developer confidence. Compared with many oversupplied national metros, Pittsburgh continues to benefit from a balanced pipeline, resilient renter demand and relative affordability.

‍About Colliers

‍Colliers is a global real estate advisory and investment management firm serving clients across more than 70 countries. Its Pittsburgh multifamily capital markets report provides detailed insight into rent trends, occupancy performance, construction activity, pricing and transaction volume, giving owners, developers and investors a clear view of market conditions and strategic opportunities. To read the full report, click here.