NVI Technical College Information

M ARKET A NALYSIS 44

V ACANCY

Vacancy Rates by Class

0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10%

2013 Q3

2014 Q1

2014 Q3

2015 Q1

2015 Q3

2016 Q1

2016 Q3

2017 Q1

2017 Q3

2018 Q1

2018 Q3

2019 Q1

2019 Q3

2020 Q1

2020 Q3

2021 Q1

2021 Q3

2022 Q1

2022 Q3

2023 Q1

Flex

Logistics

Specialized

Vacancy for the overall Pittsburgh Industrial market decreased to 4.96% in the second quarter 2023. That compares to 5.01% in the first quarter 2023, 5.18% in the fourth quarter 2022, and 5.14% in the third quarter 2022. Flex subtypes reported a vacancy rate of 7.86% at the end of the second quarter 2023, 8.41% at the end of the first quarter 2023, 8.37% at the end of the fourth quarter 2022, and 7.89% at the end of the third quarter 2022. Logistic subtypes reported a vacancy rate of 5.03% at the end of the second quarter 2023, 4.81% at the end of the first quarter 2023, 4.93% at the end of the fourth quarter 2022, and 5.00% at the end of the third quarter 2022. Specialized subtypes reported a vacancy rate of 3.74% at the end of the second quarter 2023, 4.06% at the end of the first quarter 2023, 4.39% at the end of the fourth quarter 2022, and 4.35% at the end of the third quarter 2022.

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