Jones Lang LaSalle Reports Decrease in Vacancy Rates Across Manhattan Despite Slow Leasing Volume in Third Quarter of 2011
RealEstateRama   -   Real Estate   -   Government   -   Nonprofit   -   Web

Jones Lang LaSalle Reports Decrease in Vacancy Rates Across Manhattan Despite Slow Leasing Volume in Third Quarter of 2011

NEW YORK, NY – October 10, 2011 – (RealEstateRama) — Jones Lang LaSalle announced that despite slower leasing volume over the summer, vacancy rates have fallen in Manhattan in all office building classes and every submarket in the third quarter of 2011. Higher prices for the city’s trophy office buildings fueled a boost in overall and Class A average asking rental rates in Midtown and Downtown office product, while Midtown South office buildings saw rates remain stable.

Previous articleHUD CHARGES NEW YORK REAL ESTATE COMPANY AND SALESPERSON WITH DISCRIMINATING AGAINST FAMILIES WITH CHILDREN
Next articleHUD SECRETARY, U.S. SENATOR BROWN, MAYOR COLEMAN TO HIGHLIGHT HOW AMERICAN JOBS ACT WILL COMPLEMENT EXISTING NEIGHBORHOOD STABILIZATION EFFORTS