Despite some significant struggles in the New York office sector since the beginning of the pandemic and its ongoing underperformance, Vornado Realty Trust is still bullish on the city.

On Vornado’s second-quarter earnings call, Chairman and CEO Steven Roth pointed to a potential buyer that he said was a Fortune 100 occupier household name. The company dropped out of the market during COVID but has come back. “They were originally looking for 300,000 square feet to house 2,800 employees,” Roth said. “Post-COVID, after extensive study and space planning, they now need and are seeking 400,000 square feet, a 30% increase to house the same 2,800 employees.”

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