The Pittsburgh Downtown Partnership
released its State of Downtown Pittsburgh 2013 report
Monday and the results should come as no surprise: Downtown is growing.
The report boasts that in the last year, Downtown has seen increases in leased office space, transportation usage and, most notably, the residential market.
“This confirms what we’ve been talking about for a couple years now,” says Pittsburgh Downtown Partnership President and CEO Jeremy Waldrup. “It’s the same growth in Downtown Pittsburgh from all perspectives.”
Downtown has added 632 rental residential units since 2010, and by the end of 2012, 96 percent of all Downtown rental units were occupied. Nearly 2,400 units are in development, about 400 of which are currently under construction, per the report.
“We’re becoming more of a residential community,” Waldrup says. “That, to us, is really exciting and something we want to see more of.”
The 2000 U.S. Census showed there were fewer than 6,500 residents in the Greater Downtown area. In 2010, there were nearly 7,800. The report estimates that since 2010, Greater Downtown has added roughly 900 new residents.
Downtown and the Central Business District are home to more than 126,000 jobs and nearly half of Greater Pittsburgh’s market for office space.
Transit use has increased, too. The T has seen an 18 percent spike in use since the North Shore connector opened, and bus ridership rose 3 percent after three straight years of decline.
“It’s essential not just for our continued growth but to our continued existence,” says Waldrup. “We need to invest in what we currently have, but also look toward the future.”
Writer: Matthew Wein
Source: Jeremy Waldrup