The area’s commercial real estate market outranked every other major metropolitan area in the country in the fourth quarter of last year, according to a recent report from credit rating agency Moody’s Investors Service.
Moody’s quarterly report measured the health of commercial real estate markets that support the majority of loans in mortgage-backed securities. It focused on office, apartment, and hospitality markets.
Pittsburgh received an overall average score of 77 out of a possible 100. Other top scorers were Oklahoma City, 74; San Francisco, 74; Honolulu, 72; and Los Angeles, 68.
The lowest scoring markets were Riverside, Calif., 36; Jacksonville, Fla., 33; Trenton, N.J., 33; Detroit, 26; and Phoenix, 24,
Source: Pittsburgh Post-Gazette and Pittsburgh Business Times (01/22/2009)
Pittsburgh received an overall average score of 77 out of a possible 100. Other top scorers were Oklahoma City, 74; San Francisco, 74; Honolulu, 72; and Los Angeles, 68.
The lowest scoring markets were Riverside, Calif., 36; Jacksonville, Fla., 33; Trenton, N.J., 33; Detroit, 26; and Phoenix, 24,
Source: Pittsburgh Post-Gazette and Pittsburgh Business Times (01/22/2009)
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