•Downtown Asking Rates rose 190 bps to $23.64 per sq. ft., quarter-over-quarter.

•May’s preliminary unemployment rate for Pittsburgh dropped to an all-time low of 3.6% as the local economy added 11,700 non-farm jobs, year-over-year.

•Walnut Capital Partners received approval to develop a new building at Bakery Square for 328,000 sq. ft. of office space in the Oakland/East End submarket.

•1306 FTELEY LLC purchased the Waterfront building in the CBD submarket for $5,000,000 at a rate of $109.77/sq. ft.