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Vornado’s Roth Says New York’s Pummeled Property Markets Have Hit Bottom

REIT’s Quarter-Over-Quarter Office Leasing Total Doubles in City, With Higher Rent Spreads
The Farley Building across from Penn Station in New York is an important part of Vornado Realty Trust’s Penn District development. (CoStar)
The Farley Building across from Penn Station in New York is an important part of Vornado Realty Trust’s Penn District development. (CoStar)
CoStar News
November 3, 2021 | 12:15 AM

To Vornado Realty Trust CEO Steven Roth, New York’s comeback from the ravages of COVID-19 will go down in history “as the most rapid V-shaped rebound.” And the slow return-to-work pace doesn’t faze him because he considers the worst to be well in the past.

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