the pit - Tyre’s disappearance is compared to that of the dead placed in their sepulchres and no more seen among the living (compare Eze 32:18, Eze 32:23; Isa 14:11, Isa 14:15, Isa 14:19).
I shall set glory in the land - In contrast to Tyre consigned to the “pit” of death, I shall set glory (that is, My presence symbolized by the Shekinah cloud, the antitype to which shall be Messiah, “the glory as of the only-begotten of the Father,” Joh 1:14; Isa 4:2, Isa 4:5; Zec 6:13) in Judah.
of the living - as opposed to Tyre consigned to the “pit” of death. Judea is to be the land of national and spiritual life, being restored after its captivity (Eze 47:9). Fairbairn loses the antithesis by applying the negative to both clauses, “and that thou be not set as a glory in the land of the living.”