ULI speaker: Real estate industry slower to add space
A lack of new inventory in the commercial real estate market isn't just a Pittsburgh phenomena.
In a wide-ranging forecast breakfast sponsored by the Pittsburgh chapter of the Urban Land Institute, national real estate consultant Maureen McAvey noted how new construction, particularly of office and retail space, are down nationwide given the current healthy stage of the economic cycle compared to past economy recoveries.
'Completions have come down nationally. We're feeing far less supply...