An article in Crain’s New York Business talks with commercial real estate owners and brokers in New York City about how a property’s distance from transit influences leasing behavior. For example, buildings closer to Grand Central or Penn Station report higher leasing percentages. Max Koeppel, director of leasing at Koeppel Rosen, spoke with reporter Aaron Elstein about the company’s experience with this trend. He notes that since some of its building’s are more than a 15-minute walk from a station, Koeppel Rosen offers to cover the cost of the space buildout to entice future leases. Read the full story here or at the PDF linked on left.