Jones Lang LaSalle Reports Manhattan Office Market Saw Uneven Recovery in First Quarter of 2011

NEW YORK, NY – April 4, 2011 – (RealEstateRama) — Jones Lang LaSalle announced that average asking rental rates rose slightly throughout much of Manhattan’s office market in the first quarter of 2011. While Midtown South recorded a significant drop in vacancy rates in all property classes, the Midtown submarket posted the first increase in Class A vacancy rates in more than a year.