An Undervalued Play on Shifting NYC Office Market
Vornado Realty is set to benefit from the Hudson Yards project with 6.5 million square feet of office space and half a million square feet of retail property just east of the incoming development.
We believe that investors can gain exposure to a monumental shift in the Manhattan office market through a company poised to reap benefits through its existing positions as opposed to risky development spend with undervalued, no-moat
Morningstar Premium Members gain exclusive access to our full analyst reports, including fair value estimates, bull and bear breakdowns, and risk analyses. Not a Premium Member? Get this and other reports immediately when you try Morningstar Premium free for 14 days.