U.S. Law Firm Real Estate Outlook

The law firm real estate market is undergoing significant changes, with key trends reshaping downtown office landscapes. Despite broader office market challenges, law firm leasing volume has surpassed pre-pandemic levels by 8%. While overall office demand fluctuates, newly constructed buildings have seen 138 million square feet of positive net absorption since the pandemic's onset. Competition for prime space is intensifying, as active tenant requirements rise and sublease availability declines. This dynamic market presents both opportunities and challenges for law firms seeking optimal real estate solutions. Download the full report to explore these trends in depth and gain valuable insights for your firm's real estate strategy.