Jones Lang LaSalle Reports Manhattan Office Market Recovery Continues to Pick Up Steam in Second Quarter of 2011

NEW YORK, NY – July 7, 2011 – (RealEstateRama) — Jones Lang LaSalle announced that overall average asking rental rates increased and overall vacancy rates decreased in every building class and every submarket of Manhattan’s office market in the second quarter of 2011. Class A buildings in Midtown and Midtown South posted gains in rents while Class B product in both submarkets saw rates fall slightly.