With the number of universities and
UPMC medical facilities in Oakland, for-sale and even for-lease properties can be hard to come by in the neighborhood.
The Oakland Business Improvement District (OBID) is hosting a roundtable discussion to promote some of the properties that are available. Members of the Oakland business community are meeting this morning, Wed., Aug. 12 at the University Club for a roundtable discussion on investment opportunities in Oakland.
Properties include retail storefronts, and office, residential and storage spaces at some notable locations, including in the Medical Arts Building on Fifth Avenue and the new 45,000-square-foot office and retail development at 214 S. Craig St., which will be available for occupancy in fall 2010.
"Oakland continues to be one of Western Pennsylvania's strong economic centers, thanks in part to the medical and financial services provided here, and the large student population," says Georgia S. Petropoulos with OBID.
Oakland is home to three universities--
Carlow University,
Carnegie Mellon University and the
University of Pittsburgh--all of which are resuming classes this month. The University of Pittsburgh's 2009 Economic Impact Report attributed $246 million spent by students on goods, services and rental payments in Allegheny County during the 2008 fiscal year.
Writer:
Caralyn GreenSources: Georgia S. Petropoulos, executive director, and Patrick Donohue, program coordinator, Oakland Business Improvement District
Photo courtesy Oakland Business Improvement District