Pittsburgh is one of the nation’s undiscovered gems for real estate values, according to two investors involved in major retail and office-building projects in the region.
The two, who have come from outside the city to invest here, heaped praises on the region during a panel discussion Wednesday at a real estate conference Downtown.
Even local developers may not recognize the value they have here, said Aaron Stauber, president, Rugby Realty Co. of New York. Investors in Pittsburgh often can realize a return on their investments higher and more quickly than they can in other areas of the nation, he said.
The investment scene in the region may be gaining more local investors because newer, younger members of the community are getting involved, Stauber said.
The program concludes today with local and national retailers detailing their plans for entry or expansion into the Pittsburgh market, followed by a review by the region’s most active developers discussing their activity and thoughts of the market.
The program will conclude with an afternoon “deal-making” session, at which developers attempt to attract tenants.
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