Wednesday 19 August 2020

Are office landlords turning a corner or rolling over?

Office landlords and leasing agents breathed a sigh of relief this month when Facebook inked a massive lease deal at Manhattan’s landmark Farley Post Office building. The deal with Vornado Realty Trust for 730,000 square feet at the $1 billion-plus redevelopment — which includes new commercial space and the expansion of Penn Station — marks the biggest office lease since the pandemic turned the market into a virtual ghost town for months on end. Come



source https://therealdeal.com/2020/08/19/are-office-landlords-turning-a-corner-or-rolling-over/

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