How Pittsburgh’s new airport will change it’s Real Estate Market

New Pittsburgh International Airport:

The new Pittsburgh International Airport is set to open in 2025 and is poised to have a significant impact on the surrounding real estate market. The airport, located in Findlay Township, PA, is a major economic driver for the region and is expected to attract new businesses and residents to the area.

Size, Technology, and Amenities

The new airport is located on a 3,300-acre site and will feature a single terminal, replacing the current landside and airside terminals. The new terminal will have the capacity to handle up to 35 million passengers annually and will feature state-of-the-art technology, including automated baggage handling and biometric security. The new airport will also have improved parking facilities, including a new parking garage, and will be connected to the region's public transportation system, making it easily accessible for both passengers and employees.

Surrounding Real Estate Market

The new airport is also expected to have a significant impact on the surrounding real estate market. The area surrounding the airport, known as the Airport Corridor, is already home to a number of businesses, including several major employers such as FedEx and UPS. The new airport is expected to attract even more businesses to the area, which will in turn create new job opportunities and lead to population growth.

One of the key areas that is expected to see the most growth is the housing market. The Airport Corridor is already home to a number of residential communities, but the new airport is expected to attract even more residents to the area. This increased demand for housing is likely to lead to an increase in property values and new construction.

Home Buyers

For buyers, the Airport Corridor offers a variety of housing options, from single-family homes to townhomes and apartments. Many of the neighborhoods in the area are relatively new and feature modern amenities such as community pools, fitness centers, and playgrounds. The area also has a number of parks and recreational opportunities, making it a great place to raise a family.

Renters

The new airport is also expected to have a significant impact on the rental market. With the influx of new residents and employees, there is likely to be an increased demand for rental properties, which could lead to higher rental prices. However, for renters, the Airport Corridor offers a variety of options, from apartments to townhomes and single-family homes. Additionally, many of the properties in the area are relatively new and feature modern amenities such as stainless steel appliances and hardwood floors.

Investors

For investors, the Airport Corridor offers a number of opportunities, particularly in the commercial real estate market. The area is already home to a number of businesses, but the new airport is expected to attract even more companies to the region, which will in turn lead to an increase in demand for commercial properties. Additionally, with the influx of new residents and employees, there is likely to be an increased demand for retail and service-oriented businesses.

In conclusion…

The new Pittsburgh International Airport is set to open in 2025 and is poised to have a significant impact on the surrounding real estate market. The airport, located in Findlay Township, PA, is a major economic driver for the region and is expected to attract new businesses and residents to the area. The new airport will feature state-of-the-art technology, improved parking facilities, and will be connected to the region's public transportation system. The area surrounding the airport, known as the Airport Corridor, is already home to a number of businesses and residential communities and is expected to see a significant growth in population and property values. The new airport offers a variety of opportunities for buyers, renters, and investors in the real estate market.

*This blog post was generated by ChatGPT, a large language model trained by OpenAI. The information contained in this post may not be entirely accurate, up to date, or reliable. Please use your own discretion when interpreting and using any information contained in this post.*