May 11, 2020

Infrared Radar Is One Piece of the Puzzle to Ensure Health Safety

Technologies developed over the past century could be part of the future of protecting employee health in office buildings. 

To detect feverish employees who may be sick with the coronavirus, companies hav...

Across the country, businesses are coming to grips with economic pain on par with the Great Depression and social distancing requirements stretching for months, if not years.

For office landlords and their tenants, this new world order is particularly uncertain as extr...

The First Hints of Future Recovery Come Into View 

“People are undertaking these sacrifices for the common good, we need to make them whole.”
-Federal Reserve Chairman Jerome Powell

Is this what good news feels like? 

We seem to be in the strange stage of the crisis where...

April 7, 2020

Do you still owe rent?

  • The government has ordered non- essential businesses to close, shelter-in- place, and not report to the office.

  • Cash flow has ceased or is dwindling, the resumption of business is unforeseeable, income is uncertain, and the maze of filing...

Truth is confirmed by inspection and delay; falsehood by haste and uncertainty.”
- Tacitus
“Panic is part of the process.”
- Matt Powers

No, that quote wasn’t a reference to markets…we were talking with each other about trying to write CoStar Economy each week. Panic i...

March 7, 2020

"For many people, commuting is the worst part of the day and policies that can make commuting shorter and more convenient would be a straightforward way to reduce minor but widespread suffering."
- Daniel Kahneman, Princeton emeritus professor and Nobel laureate

"It mus...

February 7, 2020

“Of course, if developments emerge that cause a material reassessment of our outlook, we would respond accordingly. Policy is not on a preset course.”


- Federal Reserve Chairman Jerome Powell

“He’s not wedded to some model he was taught 40 years ago in graduate school.”...

January 14, 2020

CoStar Insight: Several of the World’s Biggest Companies Made Their Mark in The Big Apple

It’s no secret that tech has played a pivotal role in transforming the New York office over the past decade. Whether it was helping establish areas like Flatiron and Chelsea as off...

December 13, 2019

Tenants that are outgrowing co-working facilities are finding a variety of choices and building owners eager to roll out the red carpet. While jumbo leases by companies like Amazon and Facebook get all the attention, smaller tenants make up the majority of city busines...

December 2, 2019

With the opening of the 80th-floor observatory last week, the $165 million, four-year redevelopment of the Empire State Building is now complete. In partnership with the city’s tourism agency, NYC & Company, Empire State Realty Trust created an interactive, visitor-foc...

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LegacyNY brokers deal at Industry City in Brooklyn for Porcelanosa Interior Design Showroom

February 18, 2019

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