Jones Lang LaSalle Reports Turnaround for Midtown Trophy Buildings in its Winter 2010 Skyline Review

NEW YORK, NY – January 18, 2011 – (RealEstateRama) — Jones Lang LaSalle reported in its winter 2010 Skyline Review that Midtown’s trophy office buildings posted the first increase in average asking rental rates since spring 2008. In the second half of 2010, the submarket’s high-end buildings saw rents grow by 6.8 percent compared with a 1.2 percent drop in rents in the first half of the year. Rates for Midtown’s highest-quality spaces increased to $77.65 per square foot in winter 2010 from $72.71 per square foot six months earlier