Roth ‘nervously bullish’ on the commercial real estate market

Vornado Realty Trust is “nervously bullish” on the commercial real estate market, Steven Roth, the REIT’s chairman, told CNBC’s Squawk Box today. Roth said that while he believes the market bottom has already passed, and transaction volume is “ticking up a great deal,” he is still keeping some office space in his portfolio off the market until rents recover.