Colliers Pittsburgh and The Development of the City

By Kaitlin SHields

The average house hunter searching Pittsburgh for a residential property has probably never heard of the name Colliers or equated it to real estate. Colliers is a well known International Commercial Real Estate and Investment Management company. Located in 62 countries in six continents, Colliers is among the top five commercial real estate firms in the world.

John Bilyak, principal and Market Leader at Colliers Pittsburgh, continues to grow his piece of Colliers in the Pittsburgh market. Colliers Pittsburgh currently has 12 brokers covering industrial, office, retail, and capital markets. Within the last 10 years, Pittsburgh has more frequently come on to the radar of the outside investment community rather than just being viewed as a regionally based market where locals build locally.?

These national players have come to view Pittsburgh as an opportunity to enter into a stable market. “Pittsburgh is developing a reputation as a market that has very stable investment drivers without the volatility that you often find in tier 1 markets,” according to Bilyak. Compared to tier 1 markets such as Chicago, New York, and Boston, Pittsburgh is much less competitive because it is so often off the national radar due to market size.

Colliers is doing their part to develop and enhance Pittsburgh. They were instrumental in one of the first deals to bring Uber into the Strip District which was a catalyst for the emergence of technology and robotics groups focusing in that area. “It catapulted the evolution, of specifically, the technology groups interest in being in that neighborhood,” Bilyak stated. Uber and their initial commitment in the Strip is an example of a specific project Bilyak feels made a difference in Pittsburgh’s emerging presence in the technology sector.?

Colliers is currently selling, leasing, and renting a variety of commercial properties that can be found detailed on their website. These properties range from small store fronts to large warehouses across the city of Pittsburgh. John and his team ensure a smooth and efficient process from selecting the property to closing or lease execution. Colliers also offers a range of services to ensure their clients success. Landlord representation, project management, engineering and design, lease administration, and tenant representation are a few services available to their clients once the deal is closed. Commercial real estate is made easy with Colliers.?