• While last mile, e-commerce related requirements continued to be a demand driver for smaller logistics (3PL) requirements, there was interest from companies wanting to service this market directly as an e-commerce giant recently leased 70,000 sq. ft. for last-mile fulfillment, the first of its kind in the Pittsburgh metro.

• Institutional investors have showed interest in purchasing more assets in the industrial sector but are challenged by a lack of opportunities.

• Activity for Pittsburgh’s “bread and butter” industrial deal size of 15,000 to 50,000 sq. ft. remains steady but supply continues to be scarce.