Monday, September 12, 2011

Business Relocation Pittsburgh

The Golden Triangle (Pittsburgh's CBD) is a hot location. The trend across the country is a move to the urban core. The good news:

This spring will see MAYA Design trading in its South Side Works office for larger space Downtown.

Citing its growing business, the 59-person design firm is moving into 19,000 square feet on the 16th floor of 444 Liberty Ave. in Gateway Center. The company currently occupies 13,888 square feet at the intersection of Sidney and Carson streets on the South Side. ...

... MAYA isn't alone in its move Downtown. Earlier this summer, online ticketing company ShowClix said it would be moving out of Shadyside and into Centre City Tower.

The reshuffling for both firms is within the city limits of Pittsburgh. Both need more space to accommodate growth. The ShowClix story may best explain the relocation tale:

The greatest challenge to finding the new location was the time element, [ShowClix President Lynsie Campbell] said. The company needed bigger space ASAP, and a lot of the buildings they looked at would require renovations that could tack on another six to nine months.

The speed of growth appears to push business downtown for those companies seeking an urban environment close to research universities. What will happen to the spaces vacated? How fast do they fill? Is Pittsburgh growing or is this whack-a-mole economic development?

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