Tracy Hadden Loh

3 weeks ago | post-gazette.com | Tracy Hadden Loh |Michael J. Gaynor

As workers have shifted to hybrid or remote work, office buildings (and the tax bases they create) have emptied out. Cities are also experiencing the worst housing crisis of the postwar era, driven by affordability and supply challenges. Pittsburgh’s commercial core has seen a 60% decline in leasing activity since 2019. Only 47% of Pittsburgh residents own their homes, far below the national rate of 66%.

3 weeks ago | fairfieldsuntimes.com | Tracy Hadden Loh |Michael J. Gaynor

The Covid-19 pandemic accelerated two major disruptions that are hurting Pittsburgh and many other cities across the United States. First, as workers shifted to hybrid or remote work, office buildings (and the tax bases they create) emptied out; in Pittsburgh’s commercial core, this has resulted in a 60% decline in leasing activity since 2019. Second, U.S. cities are now experiencing the worst housing crisis of the postwar era, driven by affordability and supply challenges.