Commercial

Large and small scale commercial and mixed-use development can bring high impact change for our communities. These projects are the focus of the URA’s integrated economic development program. Our economic development team works with developers linking them with available sites; structuring financing; facilitating good community process—and help navigate the permitting process.
Our team works with each developer individually to create a solid foundation that supports a sustainable development for the long haul. We provide financial assistance from our own resources as well as facilitate financing from our State and Federal partners. The URA staff can also help arrange special financing for projects of a larger scope and impact.

The Center for Innovation and Entrepreneurship offers a variety of financing products for commercial real estate development and small and medium size business development. Learn more here.

To discuss your commercial development project with a development officer, contact Robert Rubinstein, Director, Economic Development, at 412.255.6663 or .

 

Market Value Analysis

A partnership of the City of Pittsburgh, and the Community Development Collaborative, undertook a major analysis of our city’s neighborhoods throughout 2007-2008. The Market Value Analysis (MVA) is a statistical tool that uses market data to classify geographic areas and produce a map of the varying market types within the City. Market types are designated according to clustering similar characteristics, including housing units, residential sales prices, vacancy, percent commercial, new unit permits, code violations, foreclosures and section 8 rentals.

The MVA brought to light the need for re-thinking our economic and community development strategies in the City of Pittsburgh. Each unique neighborhood has different needs. The MVA is a tool to help clarify where different market types exist, and what strategies will be most successful in each area, rather than adopting a one-size-fits-all mentality when it comes to neighborhood revitalization. By working together to tailor investment plans to the conditions of each market area, we can make great strides in improving each unique neighborhood.

The URA uses data garnered from the MVA and other sources to craft innovative approaches to complex community issues and opportunities. For complete information on the Market Value Analysis and other available community development tools, visit the City of Pittsburgh’s community development website.

Green Development Resources for
Commercial Projects

The benefits of green buildings are both broad and specific. For businesses, green buildings can offer economic advantages including lower operating costs, increased productivity, reduced absenteeism, and higher rental and retail sales rates. Green residential developments provide occupants with lower monthly utility bills as well as increased comfort and indoor air quality.

Pittsburgh is recognized as a leader in the construction of green buildings and we believe that the maintenance of this position is advantageous. See this compilation of Green Development incentives and resources for commercial development available to you for completing your project within the City of Pittsburgh.