Penn Hills Commercial Real Estate 0 Listings

Penn Hills: A Premier Destination for Commercial Real Estate

Introduction

Penn Hills, a vibrant suburb of Pittsburgh, Pennsylvania, offers a strategic location for commercial real estate (CRE) investments. With a population of approximately 42,000 residents, Penn Hills is part of the Greater Pittsburgh area, known for its diverse economy and strong industrial roots. The city's close proximity to Pittsburgh makes it a valuable hub for businesses seeking access to a large metropolitan workforce while benefiting from suburban amenities. Penn Hills stands out in the CRE market due to its advantageous location, robust transportation infrastructure, and growing economic sectors.

Economic and Industry Overview

Penn Hills benefits from the economic influence of the Greater Pittsburgh region, which is home to major industries such as healthcare, education, manufacturing, and technology. The presence of large institutions like the University of Pittsburgh Medical Center and Carnegie Mellon University nearby drives demand for office spaces and research facilities. The manufacturing sector's growth fuels the need for industrial properties, while retail demand is supported by the city's expanding residential areas. The Allegheny Conference on Community Development plays a pivotal role in promoting regional economic growth and CRE development initiatives.

Strategic Location and Transportation Infrastructure

Penn Hills is strategically located with easy access to major transportation networks. The city is serviced by several key highways, including Interstate 376 and Pennsylvania Route 28, providing seamless connectivity to Pittsburgh and other markets. The Port Authority of Allegheny County offers extensive public transportation options, enhancing mobility for the workforce. Additionally, the Pittsburgh International Airport, located just 30 miles away, links Penn Hills to national and international markets, making it an ideal location for distribution and logistics operations.

Commercial Real Estate Inventory & Zoning

Penn Hills boasts diverse CRE submarkets, including retail corridors, industrial zones, and potential office spaces. Key asset classes include industrial warehouses, retail centers, and mixed-use developments. The city is actively working on zoning enhancements to attract new businesses and support sustainable growth. Interested parties can explore the Penn Hills Zoning Map for detailed information on zoning regulations and incentives.

Major Employers and Institutions

Penn Hills' economic landscape is enriched by several major employers and institutions. Nearby corporate headquarters and healthcare facilities provide a steady demand for commercial spaces. Major employers include the University of Pittsburgh Medical Center, which has a significant presence in the region, and various manufacturing firms. The city's business directory can be accessed through the Penn Hills Economic Development site.

Notable Commercial Developments & Projects

Recent development projects in Penn Hills include mixed-use complexes and revitalization efforts in the downtown area. The city is part of several public-private partnerships aimed at creating innovative business environments. Additionally, Penn Hills is situated within designated Opportunity Zones, providing tax incentives for investors. For more information on these developments, visit the Penn Hills Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Penn Hills provides comprehensive resources for planning and development. Access the Building and Safety Department for permitting information, and utilize the Parcel Map Viewer to explore property details. The Planning Commission and Development Code offer valuable guidance for navigating local regulations.

Market Data & Economic Reports

Public data sets, such as those from Census.gov and the city's open data portal, provide insights into Penn Hills' economic conditions. Brevitas leverages AI-powered aggregation from these public sources and internal insights to deliver comprehensive market data. Explore Brevitas-powered dashboards for detailed analysis of Penn Hills CRE opportunities.

Why Use Brevitas for Penn Hills CRE?

Brevitas offers a sophisticated platform for discovering CRE opportunities in Penn Hills. Our AI-driven search tools, real-time market alerts, and smart property pages enhance the CRE experience for investors and brokers. Unique features include: