Office demand in Pittsburgh will be muted over the coming year as office-using employment sectors experienced uneven results, with an annual loss of 4,400 jobs. While total non-farm employment increased by 9,200 jobs and unemployment decreased, the largest job losses occurred in the financial activities sector which declined by 2,700 jobs year-over-year.

1. Office-using employment sectors waver
Pittsburgh
• Uneven employment results among the office-using employment sectors will translate into muted office
demand over the coming year. According to the most recent estimates from the BLS, total non-farm
employment in Pittsburgh stood at ~1.1 million payrolls, representing an annualized increase of 9,200
jobs or 81 basis points. Meanwhile, unemployment decreased 0.7 percentage points year-over-year to
5.9 percent. Office-using employment sectors contracted over the last year, recording an annualized net
loss of 4,400 jobs across the metro. The largest job losses occurred in the financial activities sector,
where total employment declined by 2,700 jobs year-over-year.
Source: JLL Research, Bureau of Labor Statistics
Chart of the week: April 13, 2015
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2011 2012 2013 2014 Q1 2015
Financial activities Professional & business services Information Government
Office employment trends
12-monthchange(000’s)