8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): February 24, 2010

JONES LANG LASALLE INCORPORATED

(Exact name of registrant as specified in its charter)

Maryland	001-13145	36-4150422
(State or other jurisdiction of Incorporation	(Commission File Number)	(IRS Employer Identification No.)

200 East Randolph Drive, Chicago, IL	60601
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (312) 782-5800

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01. REGULATION FD DISCLOSURE

Additional information of the registrant is attached as Exhibit 99.1 to this report and is incorporated herein by reference. The registrant undertakes no obligation to update this information, including any forward-looking statements, to reflect subsequently occurring events or circumstances.

NOTE: The information in this report (including the exhibit) is furnished pursuant to Item 7 and shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. This information will not be deemed an admission as to the materiality of any information contained herein that is required to be disclosed solely by Regulation FD.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

The following exhibit is included with this Report:

99.1. Jones Lang LaSalle February 2010 Investor Relations Presentation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: February 24, 2010	JONES LANG LASALLE INCORPORATED
	By:	/s/    JOSEPH J. ROMENESKO
	Name:	Joseph J. Romenesko
	Title:	Executive Vice President and Treasurer

EXHIBIT INDEX

Exhibit 99.1     Jones Lang LaSalle February 2010 Investor Relations Presentation

EX-99.1

Investor Presentation

February 2010

Exhibit 99.1

2

Forward looking statements

Statements in this presentation regarding, among other things, future financial results and performance,

achievements, plans and objectives and dividend payments may be considered forward-looking statements 

within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known 

and unknown risks, uncertainties and other factors which may cause actual results, performance, achievements,

plans and objectives of Jones Lang LaSalle to be materially different from those expressed or implied by such

forward-looking statements. Factors that could cause actual results to differ materially include those discussed 

under “Business,” “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of

Operations,” “Quantitative and Qualitative Disclosures about Market Risk,” “Cautionary Note Regarding Forward-

Looking Statements” and elsewhere in Jones Lang LaSalle’s Annual Report on Form 10-K for the year ended

December 31, 2008 and in the Quarterly Report on Form 10-Q for the quarter ended September 30, 2009 and in

other reports filed with the Securities and Exchange Commission. There can be no assurance that future dividends

will be declared since the actual declaration of future dividends, and the establishment of record and payment 

dates, remains subject to final determination by the Company’s Board of Directors.  Statements speak only as

of the date of this presentation. Jones Lang LaSalle expressly disclaims any obligation or undertaking to update 

or revise any forward-looking statements contained herein to reflect any change in Jones Lang LaSalle’s

expectations or results, or any change in events.

3

Property &

Facility

Management

25%

Project &

Development

Services        

13%

LaSalle

Inv.

Mgmt.

10%

Advisory

Consulting &

Other 12%

Leasing     

31%

Capital

Markets

8%

United

States 43%

United

Kingdom  

10%

Continental

Europe        

17%

Greater  

China       

6%

Developing &

Other Countries

10%

Japan  4%

India 3%

Australia  

7%

Jones Lang LaSalle

(1)

Excludes equity losses

(2)

Includes Staubach revenue commencing July 11, 2008

2009 Revenue = $2.5 billion

Leading integrated services and investment management firm

…

And Global Market Reach

Diversified Service Lines…

•

Leading global market positions bolstered by

over 30 mergers and acquisitions since 2005

•

Corporate Outsourcing drives growth and

provides annuity revenue

•

LaSalle Investment Management -

a value

differentiator with profitable Advisory fees and

dry investment powder

•

Cash generating business model with low

leverage balance sheet

2009

2008

(2)

Americas

42%

35%

EMEA

26%

32%

Asia Pacific

22%

20%

LaSalle Investment Mgmt.

10%

13%

Consolidated

100%

100%

Revenue

by

Segment

(1)

4

2009 Financial Scorecard

•

Over 75 new Corporate Solutions wins

and expansions

•

Over $70 million actual vs. $50 million

projected in discretionary cost savings

•

$100 million in annualized compensation

savings from 2009 actions

•

Maintained adjusted operating margin of

6.6% vs. 2008

•

Financially strong: maintained investment

grade ratings and reduced net bank debt

by $334 million

Performance Highlights

A year of action and performance

$239M

Adjusted EBITDA

(1)

$1.75

Adjusted EPS

(1)

$70M

Adjusted Net Income

(1)

$2.5B

Revenue

$2.5B

Market Capitalization

$129M

Net Bank Debt

2009 Financial Summary

(1)

Adjusted for restructuring and non-cash co-investment charges

5

2009 Scorecard

Strong Balance Sheet Position

(1)

2009 and 2008 capital expenditures net of tenant improvement allowances received were $36 million and $102

million, respectively

Financial strength and powerful cash generation

($498)

(10)

(521)

(26)

(42)

(349)

(104)

$33

2008

$334

Net Debt Repayment / (Borrowing)

(8)

Dividends

(118)

Net Cash Outflows

201

Net Share Issuance & Other Financing

($ in millions)

Primary Uses of Cash

Net Cash from Operations

Cash Flow Summary

(39)

Co-investments

$251

2009

(27)

Acquisitions & Def. Business Obligations

(44)

Capital Expenses

(1)

2010 Priorities

•

Continue debt repayment focus

with selective investments

•

Capital Expenditures to remain

consistent with 2009

•

Deferred Business Obligations of

approx. $100 million, including

1

st

deferred Staubach payment

•

Net Co-investments of approx.

$65-75 million

•

Successful equity raise, strong cash

generation and reduced spend

•

Reduced net bank debt to $129 million;

total debt of $523 million, including

Deferred Business Obligations

•

Maintained investment grade ratings 

and bank covenant compliance

6

Beijing,

Hong Kong,

Moscow

Synchronized global crash becomes variable speed recovery

Capital Markets Leading Real Estate Fundamentals

Capital Value

growth slowing

Capital Value

growth

accelerating

Capital Value

bottoming out

Capital Value

falling

Asia Pacific

EMEA

Americas

Paris, Sydney, Seoul

London,

Shanghai

Atlanta, Detroit,

Singapore

Berlin, Los Angeles,

New York, Stockholm

Brussels, Milan,

Mumbai, Tokyo

Rental growth

slowing

Rental growth

accelerating

Rents

bottoming out

Rental growth

falling

London,

Sydney, Hong Kong

Beijing

Moscow,

Mumbai, Tokyo

Shanghai

Berlin, Paris,

Washington DC

Amsterdam,

Brussels, Seoul

Chicago, Milan,

Los Angeles, Toronto

Singapore,

Stockholm

Amsterdam, Washington DC

Atlanta, Detroit

Dallas, New York,

San Francisco

Chicago, Dallas

San Francisco, Toronto

Source: Jones Lang LaSalle

As of Q4 2009

7

Jones Lang LaSalle

Global strategy for renewed growth

G5

G1

G2

G4

G3

Build our leading local and regional market positions

Grow our leading positions in Corporate Solutions

Capture

the

leading

share

of

global

capital

flows

for

investment

sales

Strengthen LaSalle Investment Management’s leadership position

Connections: Differentiate by connecting across the firm, and with clients

8

Full productivity revenue of over $750 million

Acquisitions Since 2005 Growing Market Share

EMEA

Americas

Asia

Pacific

RL Davis

Leechiu

Creer

NSC

Sallmanns

Shore Industrial

Meghraj

Rogers Chapman

Littman Partnership

RSP Group

Area Zero

Hargreaves Goswell

Troostwijk Makelaars

KHK Group

Camilli & Veiel

GVA

Upstream

Tetris

Creevy LLH Ltd.

Brune

Alkas

Kemper’s

Churston Heard

Staubach

Spaulding & Slye

Zietsman

Klatskin

CRA

Standard Group

ECD

HIA

TCF

Strengthening

our platform

and

connecting

our people

Asset Realty Managers

G1

•

Middle Market Corporate Solutions

•

Leasing

•

Capital Markets

•

Property Management

•

Project & Development Services

•

Retail

•

Industrial

•

Energy & Sustainability Services

•

Infrastructure

Market share growth

Product and services expansion

9

Full year revenue comparison

Local and Regional Services

Asia Pacific

EMEA

Americas

Leasing

Capital Markets

$500

$227

$247

$173

$125

$133

$108

$373

$241

2007

2008

2009

$38

$339

$196

$107

$104

$60

$58

$114

$61

2007

2008

2009

$593

$781

$753

$557

$317

$203

G1

($ in millions)

($ in millions)

Growth with market share

Stabilizing after severe downturn

10

Growth

slowing

Falling

market

Growth

returns

Decline

slowing

2009 Americas Scorecard

Advisory &

Other 11%

CM 4%

Project &

Development

Services 15%

Property &

Facility Mgmt.

22%

Leasing 48%

2009 Americas Revenue =

$1,032 million

Market

Fundamentals

Capital

Markets

•

Property & Facilities Management annuity

revenue up 15% to $227 million for the year

•

Staubach integration successful, Leasing

revenue was up 34% versus 2008

•

Transitioned to commission model for cost

flexibility; net new add of 35 brokers

2010 Americas Priorities

•

Two primary objectives: grow market share and middle

market presence

•

Targeted investments in middle market teams and

product expertise

•

Innovative product offerings: Healthcare, Mobile

Engineering

•

Cost containment

G1

Source: Jones Lang LaSalle

As of Q4 2009

11

Growth

slowing

Falling

market

Growth

returns

Decline

slowing

Advisory &

Other 18%

Leasing 27%

Capital Markets

17%

Project &

Development

Services 17%

Property &

Facility Mgmt.

21%

2009 EMEA Revenue =

$644 million

Capital

Markets

•

Stabilized businesses in developing markets

(e.g. Russia, Dubai)

•

Nearly $60 million of annualized base

compensation savings with 7 month payback

•

U.K. & France: market share gains in first

recovering markets

Market

Fundamentals

2009 EMEA Scorecard

•

Drive loss making businesses to improved profitability

•

Grow Retail business

•

Penetrate EMEA middle market corporates

•

Support success in global corporate mandates

2010 EMEA Priorities

G1

Source: Jones Lang LaSalle

As of Q4 2009

12

Growth

slowing

Falling

market

Growth

returns

Decline

slowing

Advisory &

Other 12%

Leasing 20%

Capital Markets

11%

PD&S 8%

Property &

Facility Mgmt.

49%

2009 Asia Pacific Revenue =

$539 million

Capital

Markets

•

Successfully achieved 50% annuity revenue in region

•

7% full-year revenue growth in Property & Facility

Management; 16% growth in Q4

•

Leveraged China investment: 20% revenue growth

•

Fourth-quarter transaction activity improvement

Market

Fundamentals

2009 Asia Pacific Scorecard

2010 Asia Pacific Priorities

•

Protect and grow annuity; reduce cyclicality

•

Maximize recovering market opportunities

•

Penetrate domestic corporates with tailored local services

•

Leverage infrastructure to increase margin

G1

Source: Jones Lang LaSalle

As of Q4 2009

13

Leading position with unique expertise across services & geographies

•

Accelerate new client wins and innovate for existing clients to broaden relationship

-

47 new wins in 2009 vs. 43 in 2008

-

31 expansions and 44 renewals in 2009

-

170 million sq ft added; 34% increase from December 31, 2008

•

Target new industry segments for continued market share growth

-

Replicate Financial/Pharma/IT success

•

Tailor regional solutions in EMEA and Asia Pacific; support global client needs

Global Corporate Solutions

Integrated

Facility

Management

Transaction

Management

Project

Management

Lease

Administration

Mobile

Engineering

Energy &

Sustainable

Services

Strategic

Consulting

Retail

Outsourcing

Corporate

Finance /

CMG

Client

Relationship

Management

New Client Wins Accelerate

0

10

20

30

40

50

2008

2009

G2

14

Leasing

Receivership

Services

Development &

Construction

Management

Property & Asset

Management

Loan

Restructuring &

Debt Advisory

Research on

Local Martkets

Planning &

Developing

Strategic

Review

Investment

Sales

Leasing

Receivership

Services

Development &

Construction

Management

Property & Asset

Management

Loan

Restructuring &

Debt Advisory

Research on

Local Martkets

Planning &

Developing

Strategic

Review

Leasing

Receivership

Services

Development &

Construction

Management

Property & Asset

Management

Loan

Restructuring &

Debt Advisory

Research on

Local Martkets

Planning &

Developing

Strategic

Review

Leasing

Receivership

Services

Development &

Construction

Management

Property & Asset

Management

Loan

Restructuring &

Debt Advisory

Research on

Local Martkets

Planning &

Developing

Strategic

Review

Investment

Sales

Connecting

clients to

innovative

solutions

Connecting

clients to

innovative

solutions

Direct Commercial Real Estate Investment

2010 Priorities

•

Wide geographical coverage and on

the ground strength

•

Cross-border teams connecting JLL

clients with capital and opportunities

•

JLL Hotels leveraging leading global

markets position

Capture Global Capital Flows for Investment Sales

Positioned to leverage leading share as markets recover

G3

0

50

100

150

200

250

300

350

Americas

Europe

Asia Pacific

2005

2006

2007

2008

2009

2010 Forecast

+50-60%

+20-30%

+30-50%

($ in billions)

Source: Jones Lang LaSalle

15

•

Advisory fees deliver stable margins

•

Over $4 billion net equity raised despite challenging

real estate markets

•

Limited investments given market uncertainties

LaSalle Investment Management

Note: AUM data reported on a one quarter lag

Advisory fees NOI, contractual or equity-based; typically more

stable than Assets Under Management which are impacted

at least quarterly by market fluctuations

Premier global investment manager with profitable Advisory Fees

$101.4

$127.9

$178.1

$245.1

$277.9

$242.2

Advisory

Fees         

(in millions)

Year

Ending

AUM         

(in billions)

Annuity

Fees as %

of AUM

2009

$39.9

0.61%

2008

$46.2

0.60%

2007

$49.7

0.49%

2006

$40.6

0.44%

2005

$29.8

0.43%

2004

$24.1

0.42%

•

Leverage scale and major market presence to gain

share

•

Strong financial partner for clients supported by JLL

balance sheet

2009 Scorecard

2010 Priorities

G4

16

Connecting

JLL to add

value for

clients

JLL

Brand

Market

Knowledge &

Experience

Thought

Leadership &

Research

Colleagues

Sharing

Relationships

Extensive

Capabilities

& Products

Client First

www.joneslanglasalle.com

G5

Technology

JLL OneView

Connecting Across the Firm and With Clients

Technology enabling value added connections

17

Energy and Sustainability Services

Energy conservation and cost savings a growing priority

“I chose Ray Quartararo and Jones

Lang LaSalle because of our

successful history together taking on

and figuring out difficult projects and

the company’s deep sustainability

expertise and track record.”

--Anthony E. Malkin, Building Owner,

Empire State Building Company 

•

Over 540 LEED Accredited Professionals

•

116 LEED projects globally, including

•

1st LEED Platinum high-rise; One Bryant Park, New York

•

1st LEED building registered in India; Sohrabji Godrej Green

•

Documented over $100M in energy savings for clients

•

Reduced 465,000 tons of greenhouse gas emissions

•

Equivalent to the emissions of nearly 70 million gallons of

gasoline consumed

Making an Impact in 2009

G5

18

Jones Lang LaSalle

Setting the industry standard for real estate service companies

Premier Leading Global Platform

-

Approximately 180 offices in over 60 countries worldwide

-

Research-driven global investment management business

-

Client demands for global expertise satisfied by few providers

Positioned for Short and Long Term Success

-

Premier and expanding position in the corporate outsourcing space

-

Expand share in local markets

-

Leading global investment management business

Solid Financial Strength and Position

-

Diversified revenues by service line and geography

-

Solid balance sheet with investment-grade ratings

-

Strong global platform positioned for opportunity & market recovery

19

Appendix

20

    1st and 2nd payments can be deferred an additional 12 months each based on performance

(1)

•

Jones Lang LaSalle and The Staubach Company closed the

transaction to merge operations on July 11, 2008

-

Staubach to receive guaranteed payments of $613 million, plus additional earn out

opportunities of up to $114 million based on performance milestones

-

$223 million consideration at close

-

$123 million paid in cash, $100 million paid in Jones Lang LaSalle stock

-

$390 million of deferred payments (present value $339 million)

-

1

st

payment

=

$78m

(August

2010),

2

nd

payment

=

$156m

(August

2011)

,

3

rd

payment

=

$156m

(August

2013)

(1)

-

Approximately $8 million of intangible asset amortization remaining

-

Less than $2 million anticipated in 2010

-

Approximately $2 million of P&L integration expense expected in 2010

Staubach

Acquisition

-

Transaction

Overview

21

Quarterly service line revenue by region

2009 Revenue Detail

Asia Pacific

EMEA

Americas

Leasing

Capital Markets

($ in millions)

($ in millions)

$112

$176

$30

$37

$36

$70

$17

$24

$26

$42

$90

$121

Q1

Q2

Q3

Q4

$10

$14

$16

$23

$30

$39

$5

$10

$15

$28

$8

$6

Q1

Q2

Q3

Q4

$137

$182

$174

$288

$28

$39

$55

$81

Full Year = $781

Full Year = $203

22

Asia Pacific

EMEA

Americas

Property & Facility

Management

Project & Development

Services

($ in millions)

($ in millions)

$52

$80

$30

$29

$33

$44

$61

$63

$68

$74

$43

$51

Q1

Q2

Q3

Q4

$134

$143

$153

$198

$35

$44

$21

$26

$27

$35

$11

$10

$11

$12

$39

$41

Q1

Q2

Q3

Q4

$71

$77

$73

$91

Full Year = $628

Full Year = $312

2009 Revenue Detail

Quarterly service line revenue by region

23

Asia Pacific

EMEA

Americas

Advisory, Consulting & Other

($ in millions)

$29

$31

$24

$29

$29

$40

$12

$15

$17

$21

$21

$29

Q1

Q2

Q3

Q4

$57

$73

$75

$92

Full Year = $297

2009 Revenue Detail

Quarterly service line revenue by region

24

100%

$39.9

Total AUM

17.7%

$7.1

Total Public

Securities

82.3%

$32.8

Total Private Equity

19.1%

$7.6

Asia Pacific Private

Equity

31.2%

$12.4

North American Private

Equity

32.0%

$12.8

European Private

Equity

%

Assets Under

Management

Product

•

Advisory fees

•

$7.1 billion of assets

under management

(51% growth over 2008)

Public Securities

(Firm’s co-investment =

$0.1MM)

•

Advisory fees

•

Incentive fees

•

Equity earnings

•

$16.2 billion of assets

under management

(11% decline from 2008)

Fund Management

(Firm’s co-investment =

$146.2MM)

•

Advisory fees

•

Transaction fees

•

Incentive fees

•

Equity earnings

•

$16.7 billion of assets

under management

(29% decline from 2008)

Separate Account

Management

(Firm’s co-investment =

$21.3MM)

Typical Fee

Structure

Q4 2009 Statistics

(1)

Description

A global business and differentiator

LaSalle Investment Management

(1)

AUM data reported on a one quarter lag

25

2009

2008

2007

2009

2008

2007

GAAP Net income (loss)

52.0

$      

41.2

$      

104.7

$     

(4.1)

$       

83.5

$      

256.5

$     

Shares (in 000's)

43,671

35,060

33,102

38,543

34,205

33,578

GAAP Earnings (loss) per share

1.19

$      

1.17

$      

3.16

$      

(0.11)

$     

2.44

$      

7.64

$      

GAAP Net income (loss)

52.0

$      

41.2

$      

104.7

$     

(4.1)

$       

83.5

$      

256.5

$     

Restructuring, net of tax

8.1

15.1

-

35.6

22.8

-

Non-cash co-investment charges, net of tax

2.8

3.7

-

38.5

4.4

-

Adjusted Net income

62.9

$      

60.0

$      

104.7

$     

70.0

$      

110.7

$     

256.5

$     

Shares (in 000's)

43,671

35,060

33,102

40,106

34,205

33,578

Adjusted Earnings per share

1.44

$      

1.71

$      

3.16

$      

1.75

$      

3.24

$      

7.64

$      

Three Months Ended

Twelve Months Ended

December 31,

December 31,

($ in millions)

Reconciliation of GAAP Net Income (Loss) to

Adjusted Net Income

Note: Basic shares outstanding are used in the calculation of full-year 2009 GAAP EPS as the use of dilutive shares outstanding would cause that EPS calculation to be anti-dilutive.

26

($ in millions)

Reconciliation of GAAP Net Income (Loss) to

EBITDA and Adjusted EBITDA

2009

2008

2007

2009

2008

2007

Net income (loss)

52.0

$      

41.2

$      

104.7

$     

(4.1)

$       

83.5

$      

256.4

$     

Add:

Interest expense, net of interest income

11.5

13.3

3.0

55.0

30.6

13.1

Provision for income taxes

15.5

13.5

31.7

5.7

28.7

87.6

Depreciation and amortization

18.7

26.7

16.7

83.3

90.6

55.6

EBITDA

97.7

$      

94.7

$      

156.1

$     

139.9

$     

233.4

$     

412.7

$     

Non-cash co-investment charges

3.6

4.9

-

51.3

5.8

-

Restructuring

10.8

20.1

-

47.4

30.4

-

Adjusted EBITDA

112.1

$     

119.7

$     

156.1

$     

238.6

$     

269.6

$     

412.7

$     

Three Months Ended

December 31,

December 31,

Twelve Months Ended

27

Chicago, Dallas, Denver, Philadelphia

London, Milan, Tokyo

New York, San Francisco

Beijing,

Hong Kong,

Moscow

Capital Value

growth slowing

Capital Value

growth

accelerating

Capital Value

bottoming out

Capital Value

falling

Asia Pacific

EMEA

Americas

Paris, Sydney, Seoul

London,

Shanghai

Atlanta, Detroit,

Singapore

Berlin, Los Angeles,

New York, Stockholm

Brussels, Milan,

Mumbai, Tokyo

Amsterdam, Washington DC

Chicago, Dallas

San Francisco, Toronto

Capital Values

Investment sales ahead of fundamentals

Q4 2008

Q4 2009

Capital Value

growth slowing

Capital Value

falling

Capital Value

growth

accelerating

Capital Value

bottoming out

Amsterdam, Seoul,

Stockholm

Boston, Brussels, Paris, Toronto

Hong Kong,

Moscow,

Mumbai, Singapore, Shanghai

Atlanta,

Berlin, Detroit

Beijing

Sydney

Washington DC

28

Asia Pacific

EMEA

Americas

Rental growth

slowing

Rental growth

accelerating

Rents

bottoming out

Rental growth

falling

London,

Sydney, Hong Kong

Beijing

Moscow,

Mumbai, Tokyo

Shanghai

Berlin, Paris,

Washington DC

Amsterdam,

Brussels, Seoul

Chicago, Milan,

Los Angeles, Toronto

Singapore,

Stockholm

Atlanta, Detroit

Dallas, New York,

San Francisco

Dallas

Seoul

Rental growth

slowing

Rental growth

falling

Rental

growth

accelerating

Rents

bottoming

out

Detroit

Amsterdam, Edinburgh,

Frankfurt, Paris, Rome

Dublin,

Moscow, Shanghai,

Stockholm

Brussels,

Hong Kong,

London,

Sydney

Atlanta,

Beijing,

Boston,

Chicago, Denver, Los Angeles,

Madrid,

New York, San Francisco

Berlin,

Toronto

Mumbai,

Philadelphia

Milan,

Singapore,

Washington DC

Tokyo

Local and Regional Services 

Occupier position strengthened in shifting market

Q4 2008

Q4 2009