Landlords are regaining leverage in New York’s premium office market, according to Vornado Chief Executive Steven Roth, as surging demand for top-tier Manhattan space collides with a shrinking supply.
New York’s top-tier office market is back in landlords’ hands, Vornado CEO says
Leasing is on pace to surpass level not seen since 2019, according to Colliers
By Andria Cheng
CoStar NewsNovember 5, 2025 | 2:29 AM
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IN THIS ARTICLE
- Properties
- Two Penn Plaza
PENN 2, New York, NY
- Companies
- Vornado Realty Trust
Real Estate
- Contacts
- Steven Roth
Chairman of the Board and Chief Executive Officer, Vornado Realty Trust