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Glossary
| Yield | A specialized calculation in the lodging industry, reflecting a comparative penetration between a subject property and the entire market. To calculate, three steps are required. (a) Multiply a subject property’s occupancy rate by the average daily room rate. (b) Multiply the entire market’s occupancy rate by the market’s average daily room date. (c) Divide the result of (a) by the result of (b) to arrive at yield; it is expressed as a percentage. | | Zoning Ordinance | A rule imposing rules and restrictions on how and where development may occur. The broad zoning classifications of land are residential, commercial and industrial. Zoning originated in New York City in 1916 to prevent industrial land use in Manhattan’s office and shopping districts. |
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- Investor Relations Firm Taylor Rafferty retains VB Porter & Company as an exclusive agent to Sublease 2 full floors (15,600 square feet) at 205 Lexington Avenue, New York, NY. more info...
- Polaris Salon opened its doors at 76 West 85th Street. more info...
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- A large international Turkish construction firm, U.F.U.K also known as Memobay made their US headquarters at 55 Broad Street, taking a 7 year lease in the Class A office building. more info...
- Global Brokerage Corp. moves to 50 Broadway with furniture and a phone system included in a direct 5 year lease. more info...
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