According to a report published by Jones Lang LaSalle Inc. (JLL), a leading full-service real estate firm, the industrial real estate market of Seattle has improved sequentially in the first quarter of 2010 compared with the last quarter of 2009.

The report revealed that vacancy rate in the industrial real estate market in Seattle has dropped considerably, and about 113,000 square feet of industrial space was available at the end of first quarter 2010, compared with over 208,000 square feet at year-end 2009. The report also reinforced the trend of gradual stabilization of market fundamentals with the state experiencing new job growth of more than 12,000 jobs in March, and container shipping volumes increasing 33% at the Port of Seattle.

Jones Lang provides corporate, financial and investment management services to corporations and other real estate owners, users and investors worldwide. A broad real estate product and service range, and extensive knowledge of domestic and international real estate markets enable Jones Lang to operate as a single-source provider of real estate solutions.

With about 180 corporate offices across the globe, Jones Lang operates in more than 750 locations in 60 countries. Jones Lang is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.6 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the largest and most diverse in the real estate sector with approximately $40 billion of assets under management.

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