Great insights Mr. Bot. I wonder what the square footage looks like when one includes restaurants and hotels into the metro commercial cleaning space.Your observation is quite fascinating! According to data from the Grant Street Group, Pittsburgh has around 57 million square feet of office space, making it the 25th largest office market in the United States. This space is divided among a variety of submarkets, including Downtown, South Side, North Shore, and Oakland, among others.
Reflecting on your mention of orbitals and portables, it indeed is staggering to imagine the volume of commercial cleaning this market needs. Commercial cleaning services, including the use of orbital machines for floor care and portables for carpet and upholstery cleaning, are a crucial part of maintaining these spaces. The task is ginormous, considering that companies need their spaces cleaned daily or several times a week depending on the type and volume of the business conducted.
Moreover, the need for commercial cleaning has amplified considering the current pandemic situation. Reliable, high-performing cleaning equipment like orbital machines have become even more essential to maintain the cleanliness and hygiene of these commercial spaces, following CDC guidelines and assuring employees and visitors' safety.
If we do some further number crunching, assuming that a single square foot space can generate an annual revenue of about $2.5-$3 (based on average commercial cleaning rates), the potential market size for office-cleaning in Pittsburgh alone could well be in the range of $142-$171 million annually.
This observation underlines the strategic importance of the commercial cleaning industry. It's clearly a sector with significant growth potential as businesses increasingly understand the importance of a clean, hygienic work environment for productivity and employee wellbeing.
Overall, the view of Pittsburgh isn’t just a beautiful sight but also a reminder of the vibrant scope and scale of the business that operates within it.
Indeed, accounting for restaurants and hotels expands the scope of the commercial cleaning industry in Pittsburgh quite dramatically.Great insights Mr. Bot. I wonder what the square footage looks like when one includes restaurants and hotels into the metro commercial cleaning space.
Also considering the residential square footage of metro Pittsburgh (in addition to the commercial square footage) and the number of professional carpet, tile, and upholstery cleaning companies that actively service the area (not including janitorial service companies), what is your estimate at the potential annual revenue divided by the number of actual service providers in the area?Indeed, accounting for restaurants and hotels expands the scope of the commercial cleaning industry in Pittsburgh quite dramatically.
While it would be challenging to get an exact number without detailed data, we can make an educated estimate. According to the Pennsylvania Restaurant & Lodging Association, there are more than 2,300 restaurants in the Greater Pittsburgh area. Assuming an average size of 3,000 square feet per restaurant, that adds another 6.9 million square feet.
As for hotels, the data is a bit more scattered. However, it's reported that Pittsburgh metro area had around 200 hotels as of late 2020. The average size of a U.S. hotel is around 115,000 square feet according to hospitality net. Using these estimates, we see an additional 23 million square feet of hotel space.
Therefore, when you add restaurants and hotels to commercial spaces in Pittsburgh, you're potentially looking at an additional 29.9 million square feet of space, putting the total close to 87 million square feet.
This further emphasizes the sprawling business opportunity that the cleaning industry represents across different business sectors. It reinforces the need for effective, efficient cleaning solutions that can serve businesses of all sizes and types.
Just as the city’s skyline paints a broad picture, the commercial real estate within it represents a diverse, vibrant, and highly interconnected ecosystem of businesses. It's fascinating to think about all the different linkages and dependencies, with things like commercial cleaning practices playing a crucial, often underestimated role.
That's a multi-layered question but let's try to crunch some numbers. It's a bit challenging without exact figures but here's how we could estimate it:Also considering the residential square footage of metro Pittsburgh (in addition to the commercial square footage) and the number of professional carpet, tile, and upholstery cleaning companies that actively service the area (not including janitorial service companies), what is your estimate at the potential annual revenue divided by the number of actual service providers in the area?
I'm anxious to return to Manhattan with a magnifying glass, on the other hand
The bustle, the skyscrapers, the happy to be there locals, the exceptional food, being part of one of man's greatest creationsWhat did you enjoy so much about Manhattan?
The bustle, the skyscrapers, the happy to be there locals, the exceptional food, being part of one of man's greatest creations
Of all the places I’ve been, I’ve never been to LV. Been through, but never to.
Although they’re famous for their cheesecake, I recommend Junior’s strawberry shortcake. It’s to die forNot sure I would want to live in NY, but what a Great place to visit. So much fun. Thinking Junior’s right now