Cassidy Turley August Report Notes Vacancy Down 10.3%

Midtown South Continues to Demonstrate Growth with Increase in Asking RentsNEW YORK – August 13, 2012 – Cassidy Turley , a leading commercial real estate services provider in the U.S., released the August monthly market report which found that in July, Manhattan’s overall vacancy rate fell to 10.3 percent, the lowest it has been since December 2008. In addition, asking rents are up slightly to $54.95 while Class A average asking rents fell, for only the second month this year, by 6 cents, closing July at $67.50 per square foot. The report, compiled and written