Real estate professional Ahron Freilich is the principal of CLS Star, LLC, a real estate development and management company based in Pittsburgh, Pennsylvania. When Ahron Freilich was working with a real estate company in New York, he had the chance to work on some Pittsburgh projects. He was attracted to the city’s unique socioeconomic diversity and rapid development which led him to make Pittsburgh his new home. Pittsburgh, the second-largest city in Pennsylvania, is a picturesque city with valleys, hills, and rivers. The city was listed by The Economist Intelligence Unit as one of the three most livable cities in the US in 2019. Known for its steel manufacturing industry since the mid-20th century, more than 300 steel-related businesses are based in Pittsburgh. Pittsburgh’s unemployment rate of 4.2 percent is the lowest in the Pittsburgh Metropolitan Statistical Area.
In addition to low unemployment, the Federal Reserve Bank of Cleveland also cited the strong regional economy and the rising annual real estate appreciation as reasons why Pittsburgh is an ideal investment. Over the last decade, real estate properties in Pittsburgh appreciated by 58.32 percent. The median home price of $165,000 is way below the national average.
In 2019, Pittsburgh was named by Glassdoor as the No. 1 among the hottest job markets in the country. Companies such as Amazon, Bossa Nova Robotics, and Facebook are attracting skilled workers to Pittsburgh. The major companies doing business in the Pittsburgh metro are Allegheny Technologies, Deloitte Touche Tohmatsu, GlaxoSmithKline, Mylan Bayer USA, RAND Corporation, and Thermo Fisher Scientific. Fortune 500 companies such as Dick’s Sporting Goods, PNC Financial Services, PPG Industries, The Kraft Heinz Corporation, U.S. Steel, and WESCO International are also doing business in Pittsburgh.
