Kathy A. McDonald Fully booked production facilities are one bright spot in New York City’s commercial real estate landscape.“Speaking as a New Yorker, the pandemic proved the importance of this industry to the economic diversity of New York,” says Hal Rosenbluth, CEO of Kaufman Astoria Studios.The Kaufman Astoria facilities and all available borough full-service soundstages are mostly filled with at least 34 projects filming as of August.
A recent report by New York City’s Mayor’s Office of Media and Entertainment documented the profound economic impact and ripple effect of production coin, as well as the region’s return to pre-pandemic production levels, all bolstered by the state’s production tax credits.
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