Slow Return to Work Pummels Office Stocks

Vacancies climb and rents sink amid a stalled return-to-office rate

Vornado’s share price is down more than 30% so far this year, while the broader stock market is up. Photo: Peter Grant/The Wall Street Journal

Share prices for some of the largest office landlords have dropped to near historic lows, reflecting a sluggish return-to-office rate and a rise in the number of investors betting that these stocks will keep falling. 

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