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US vacant sublease inventory dropped 1.5% in the third quarter from 132.4 million square feet to 130.4 million.
Monthly home price gains have started slowing in most US metros, CoreLogic Case-Shiller reported.
In the firm's Q3 earnings call, CEO David Simon said that he believes the REIT's stock is currently "undervalued."
All companies face the challenge of obtaining space to build in hot markets.
US vacant sublease space fell 1.5% quarter over quarter, from 132.4 million square feet to 130.4 million square feet.
In its Q2 earnings call, Vornado CEO Steven Roth said the company was raising its asking rents at the PENN District.
"Miami is so well-known for its diverse population, exciting attractions and beautiful beaches. But just as impressive is the flourishing business community the city has created."
Separately, American Tower is acquiring CoreSite for $10.1 billion.
The components won't share a lot of the resources the bigger company had.
Sentiment increased to 9-year high with investors bullish about the opportunity to deploy capital.