THE WALL STREET JOURNAL: Office owners turn to art... (May 21, 2003)
Office owners turn to art to lure tenants in a competitive market.
"Landlords are finding it important to distinguish their buildings one from another" to attract and keep tenants, says Barbara Koz Paley, chief executive of Art Assets LLC, a New York-based art-consulting firm. Instead of buying the art, a growing number of commercial landlords are leasing it... The cost of leasing art is not only tax deductible as a business expense, she adds, but can be passed along to tenants.
