A spacer which holds a gap between insulating substrates at a predetermined value, the gap forming a decompressed space or an evacuated space, the spacer comprising phosphate glass containing a transition metal element, and the spacer bridging the insulating substrates, wherein the spacer comprises at least one of (a) 20 to 40 wt % of V2O5, 30 to 45 wt % of P2O5, 1 to 20 wt % of WO3, and 5 to 20 wt % of BaO, (b) 20 to 45 wt % of WO3, 20 to 40 wt % of P2O5, 10 to 25 wt % of V2O5, and 10 to 25 wt % of BaO, (c) 20 to 45 wt % of WO3, 25 to 40 wt % of P2O5, 10 to 25 wt % of V2O5, 10 to 25 wt % of BaO, and 5 to 15 wt % of MoO3, and (d) 1 to 10 wt % of SrO, and 1 to 5 wt % of Gd2O3, and 0.1 to 1.0 wt % of CeO2.