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New York's ‘Dormant’ Tech Sector Shows Signs of Return to Life, Vornado Says

Office Landlord Expects To Sign Leases if Momentum Grows
Vornado Realty Trust, which owns properties including 770 Broadway in New York, said it's starting to see signs of demand coming back from tech tenants. (CoStar)
Vornado Realty Trust, which owns properties including 770 Broadway in New York, said it's starting to see signs of demand coming back from tech tenants. (CoStar)
CoStar News
May 7, 2024 | 11:43 P.M.

Vornado Realty Trust, a major New York developer with tenants including Facebook parent Meta and e-commerce giant Amazon, said it sees “signs of life” from the tech sector for offices as CoStar data shows vacancy rates in both New York and the United States have reached record highs.

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