Firm Intelligence·reit

Vornado Realty

AUM$6B

Executives3

Quotes9

ActivityMar 9 – Apr 8

Investment Philosophy

I believe the Manhattan office market will continue to tighten, supported by strong fundamentals that I described as the best the market has seen. Our leasing team completed 4.6 million square feet of office leasing during 2025, marking our highest leasing volume in Manhattan in more than ten years. Fifth Avenue remains one of the most attractive retail corridors in the world for today’s most innovative and iconic brands.

Strategic Direction

The firm emphasizes strong performance in Manhattan's office sector through high-volume leasing and market tightening.

Retail strategies focus on premium corridors like Fifth Avenue to attract innovative brands.

Collaboration on financing supports efficient capital management.

Sector Positioning

Office

bullish

Manhattan office market tightening with strong fundamentals and record leasing volume of 4.6 million sq ft.

Retail

bullish

Fifth Avenue as attractive corridor for innovative brands, evidenced by pop-up success.

Key Executives

Steven Roth

Chairman & Founder

Legendary NYC office investor. Vornado's Penn District redevelopment is one of the largest urban transformations in the country.

Michael Franco

President & CFO

Vornado's operational leader managing the firm's NYC-concentrated office portfolio through the post-COVID recovery cycle.

Glen Weiss

Co-Head of Real Estate

Recent Deals

$935MOfficeseller

770 Broadway · New York

6.65% capMar 2026

Notable Quotes

Steven Roth

Vornado Realty Trust

“Commercial real estate prices aren’t likely to rise much higher due to the conflict.”

commercial real estate pricesgeopolitical impact

Tier 2

Steven Roth

Vornado Realty Trust

“Within organizations, there isn’t a clear owner of employee experience. Is it real estate, is it HR? They are still trying to figure it out.”

employee experienceorganizational structure

Steven Roth

Vornado Realty Trust

“I believe the Manhattan office market will continue to tighten, supported by strong fundamentals that he described as the best the market has seen.”

Steven Roth

Vornado Realty Trust

“Our leasing team completed 4.6 million square feet of office leasing during 2025, marking our highest leasing volume in Manhattan in more than ten years.”

OfficeLeasing & Occupancy

Recent Activity

Corporate Real Estate Leaders Say Office Experience Matters. Their Decisions Tell a Different Story.

articleYesterday

Property Prices Rose in March, But Iran Is Stymying Improvement

article2d ago

Key Themes

Manhattan Office Tightening
Retail Corridor Attractiveness
Office Leasing Volume
Dining Destination Investment
Financing Collaboration

Market Views

Manhattan

bullish

Office market tightening with best fundamentals; premier dining on 57th Street; attractive Fifth Avenue retail.

Topics Discussed

commercial real estate pricesgeopolitical impactemployee experienceorganizational structureOfficeLeasing & Occupancyoperational expertisesecurity solutionsfinancingcollaboration

Deal Network

Network building — connections appear as more deals are tracked

Sentiment Trajectory

Mar 15

Mar 22

Mar 29

Bullish Bearish Cautious Neutral

Activity Snapshots

Mar 1

deals

Apr 1

deals

End of Firm Intelligence · 9 Quotes · 3 Executives