Jones Lang LaSalle Reports Manhattan’s Trophy Buildings Boosting Rents Citywide


NEW YORK, NY – April 5, 2012 – (RealEstateRama) — Most of the gains in Manhattan’s average asking rental rates over the past year can be attributed to increases in rates for the city’s trophy buildings. Starting rents in some of New York’s trophy product surpassed $175 per square foot for the first time since 2008, according to Jones Lang LaSalle’s Spring 2012 Skyline Review for New York.

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