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Posted by
Two Blokes May 12 -
Filed in
Stock
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The New York office leasing market showed strong momentum in the first quarter, with the highest quarterly volume since 2014. The availability of Class A office space is shrinking, with 13 million square feet of office-to-residential conversions underway and new office supply truncated. VNO's fiscal 2025 first quarter revenue and FFO beat consensus estimates, as occupancy dipped to 83.5% following PENN 2 being placed into service.
