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BUYER'S MARKET; DOWNTOWN OFFICE VACANCIES HIT A 10-YEAR HIGH

Jan 16, 2020 - Pittsburgh Post-Gazette

Six years ago, vacancy rates for some of Downtown's premier office space hit lows not seen since the early 1980s. But now they are swinging in the opposite direction, leaving experts to ponder whether that amounts to a worrisome trend or an aberration.

At the end of 2019, the vacancy rate for top-level Class A office space in Downtown stood at 16.9%, according to the Newmark Knight Frank real estate firm. That marks the highest it has been since 2010, said Gerard McLaughlin, Newmark Knight...