One New York company says high- and low-tech communication can help tenants feel better about coming back.

The office investor is entering the industrial market and has hired Scott Word as a principal to lead the platform.

The firm's first company acquisition aligns with its strategy to expand its multi-tenant retail investment sales presence.

According to a November rent report, New York rents have declined 2.8% over the past month, and have decreased sharply by 17% in comparison to the same time last year. Comparable cities nationwide show more affordable rents compared to New York