Steel City RenaissancePosted: September 28, 2011
By Mike Sheridan
Published: September 28, 2011
Spurred by growth in the medical, education, financial services, and computer software industries, and eyed by energy companies that are seeking to develop the nearby Marcellus shale gas tracts, Pittsburgh—a city that was once the butt of jokes—is thriving. Downtown office rents are expected to rise 7.5 percent this year—more than triple the national average—and PNC Financial Services Group is developing a 40-story building downtown.