Introduction: In recent years, the vacancy rate (percentage of available office space that is not under a rental agreement) has climbed to worrisome levels in
Introduction: The second quarter office statistics were released and there are few positives to be seen. The office market’s recovery from the pandemic continues to
Introduction: Earlier this month a news report noted that three office towers in Pittsburgh’s central business district (CBD) won appeals for their property assessments. The
Background At the onset of the pandemic, Pennsylvania officials reacted by forcing nonessential businesses to close and recommended that people who could, work from home.
Summary: Pittsburgh’s central business district’s (CBD) class A office space vacancy rate continues to climb. As a prior Policy Brief (Vol. 20, No. 11) reported,
