Pittsburgh Office Vacancy Overview

– Although office vacancy has remained consistently high, market activity
is concentrated in newer, higher quality inventory, leaving older, vintage
assets to hold a significant burden of impact as a result of their
fragmental performance. More than 95% of vacancy in the market falls in
a quarter share of total office inventory.
– Over 10% of all vacant space in the Pittsburgh office market is
accredited to sublease spaces. 
– Older, vintage assets continue to battle the effects of the hybrid work
model as vacant space in buildings built prior to 1990 account for nearly
70% of all vacancy in the Pittsburgh office market. 
– In the polarized office market, vacancy has become concentrated within
a smaller segment of outdated inventory.