NAICS 53

Real Estate and Rental and Leasing in Pittsburgh, PA

Metro Market Score 59.5 (Challenging), ranked #270 of 330 metros. 2,407 establishments, 14,615 jobs.

Metro Market Score 59.5

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

💰High-Cost Market

Pittsburgh scores 59.5 on the Metro Market Score for real estate and rental and leasing, placing it in the bottom quartile. High wage costs, strong existing competition, or slowing growth contribute to tougher entry conditions compared to most metros.

Industry Concentration

59.7

LQ: 0.85

Rank #197 of 330 metros

Wage Competitiveness

90.3

$74,912 avg wage

Growth Trend

↓ 34.9

Employment growth index

Rank #216 of 330 metros

Wage Pressure

12.2

YoY wage change index

2,407 Real Estate and Rental and Leasing Firms in Pittsburgh

2,407

Establishments

+3.6% YoY

14,615

Total Employment

-0.7% YoY

$74,912

Average Annual Wage

-0.1% YoY

0.85

Location Quotient

Below national avg

Within Pennsylvania

#13 of 14

real estate and rental and leasing metros in state

Pennsylvania state rank

#1 of 51

for real estate and rental and leasing entry risk

vs State Median

+21.0

worse than median (38.5)

Pittsburgh vs Pennsylvania Statewide

How this metro's real estate and rental and leasing market compares to Pennsylvania overall. The state ranks #1/51 for entry risk.

Measure	Pittsburgh	PA Statewide
Overall Score	59.5 Challenging	24.5 Low
Score Type	Metro Market Score	Entry Risk Score
Rank	#270 of 330 metros	#1 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Pittsburgh

Accommodation and Food Services 41.0 Retail Trade 42.5 Other Services 46.4 Administrative and Support Services 47.0 Healthcare and Social Assistance 47.2 Construction 50.9 Finance and Insurance 54.9 Information 61.7 Professional, Scientific, and Technical Services 71.1

Real Estate and Rental and Leasing in Other Pennsylvania Metros

Lebanon 13.4 #6/330 Erie 17.6 #16/330 Scranton--Wilkes-Barre 18.4 #18/330 Johnstown 22.0 #31/330 Chambersburg 29.3 #62/330 Lancaster 35.8 #105/330 Altoona 35.8 #106/330 State College 38.5 #122/330 York-Hanover 44.3 #179/330 Gettysburg 48.2 #205/330

+ 3 more metros. View all in Pennsylvania →

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Pittsburgh's 59.5 score. Useful when comparing markets with comparable entry profiles.

Trenton-Princeton, NJ 59.5 #271/330 Shreveport-Bossier City, LA 59.5 #272/330 Wildwood-The Villages, FL 59.2 #269/330 Champaign-Urbana, IL 59.2 #268/330 Hilton Head Island-Bluffton-Port Royal, SC 59.9 #273/330 Phoenix-Mesa-Chandler, AZ 60.1 #274/330 Springfield, MA 60.2 #275/330 Miami-Fort Lauderdale-West Palm Beach, FL 60.2 #276/330 Baltimore-Columbia-Towson, MD 58.6 #267/330 Mobile, AL 60.5 #277/330

Real Estate and Rental and Leasing in States Bordering Pennsylvania

State-level entry risk for real estate and rental and leasing in adjacent states. Use this to weigh cross-border options.

Ohio 33.2 #14/51 New Jersey 37.3 #19/51 New York 37.6 #21/51 West Virginia 40.6 #27/51 Maryland 50.4 #42/51 Delaware 53.2 #47/51

Browse Real Estate and Rental and Leasing in Other States

State-level entry risk reports for real estate and rental and leasing across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Pittsburgh's real estate and rental and leasing sector, the wage competitiveness component (90.3) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Pittsburgh, PA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment