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Tribune-Review: Pittsburgh region tops nation in new office tenants

By Sam Spatter, FOR THE PITTSBURGH TRIBUNE-REVIEW
Wednesday, March 17, 2010

Pittsburgh led the nation during 2009 in the amount of office space leased or occupied by new tenants, the chief economist for Grubb & Ellis, a national commercial real estate company, said Tuesday.
 
"The region did remarkably well versus other markets," said Bob Bach, during the firm's 2010 Commercial Real Estate Forecast Update at the Duquesne Club, Downtown.
 
The region filled 693,276 square feet of office space -- equal to about 40 football fields -- which helped reduce the office vacancy rate to about 15 percent -- from about 16 percent -- while other cities, such as Philadelphia, had 2 million square feet vacated last year, increasing office vacancy to 16.8 percent, Bach said.

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