It's a phrase used to inquire about the general state or condition of a place. It can be used to:
* Ask about the weather: "Como está aqui el clima?" (How is the weather here?)
* Inquire about the atmosphere or vibe of a place: "Como está aqui la energía?" (How is the energy here?)
* Ask about the quality or standards of a location: "Como está aqui la comida?" (How is the food here?)
Let me know if you'd like more examples or have any other Spanish phrases you'd like explained!