Investments in Pittsburgh

Academia and medical centers

Although back in the 1990s, the city’s population was mainly engaged in iron and coal mining, throughout the 2000s, the city developed and became a leader in the fields of high-tech, medicine, liberal arts, culture and education. Today, the city includes more than 60 academic educational institutions, some of the best in the United States, with thousands of students and educational and teaching staff, like Mellon University or University Of Pittsburgh Pittsburgh is home to over 86,000 students from 10 colleges and universities. Pittsburgh was ranked as one of the top U.S. cities for millennials. The city has some of the best hospitals in the US that offer the highest level of medical services, including: UPMC and Allegheny Health Network.

Invest in developing the city

Over the years, large commercial and employment buildings have been built throughout the city, which have contributed greatly to changing the urban and economic fabric while adding jobs to the city. In addition, every year, billions of dollars are invested in the city of Pittsburgh by both the municipality and foreign investors. The funds are used to develop the city’s infrastructure, continue the construction of high-rise buildings, strengthen the city’s growth mechanisms in the academic, educational and cultural fields, and in other areas.

 Pittsburgh City Planning Projects

Steady increase in real estate prices

Even during periods of crisis throughout history, the city of Pittsburgh has managed to maintain a high and stable price level while ensuring investor profitability and achieving returns for them.

In addition, over the past 20 years, and with an emphasis on recent years, the city has seen a steady and sharp increase in real estate prices and rental prices.
Rising house prices and rising rental prices improve the economic viability of investors and attract additional factors to continue developing the city.

House Price Index for Pittsburgh, PA  

Encouraging Foreign Investors

Foreign investment is very important for the continuation and development of the country’s major cities.

About half of the city’s population is made up of residents who rent rather than own their own homes. As a result, the city of Pittsburgh encourages foreign investors and allows for higher returns than its larger neighboring cities.
In addition, city laws are biased in favor of investors, such as there being no control over the rent that can be charged, the manner in which rent can be increased, or the amount of late fees that can be charged for late payments.