Downtown Office Construction Spikes, Giving U.S. Law Firms Occupancy Leverage

Based on a new report by JLL, the U.S. law firm real estate market is entering a new phase, giving law firms a choice of location and space that’s never seen before.

Continued economic growth is driving law firm expansion, and at the same time more than 65 million square feet of new office supply is under construction across major U.S. markets.

More than half (53.9 percent) of the new supply is currently available for lease in the top six legal markets of Boston, Chicago, Los Angeles, New York, San Francisco and Washington, D.C. And as firms relocate into new space, an abundance of second-generation, lower-cost space will also become available.

Read Article at

Leave a Reply