2015 Law Firm Perspective

2015 Law Firm Perspective

August 2016

U.S. law firm revenues are up, but so are CBD Class A rental rates. And in some locations, rents are way up. Increased competition coupled with aging inventory, a limited supply of best-in-class space, and new workplace design strategies are prompting law firms to apply ingenuity and prioritize needs to buffer their firms against these rising costs. JLL’s 2015 Law Firm Perspective digs deep into these issues and offers specific recommendations for today’s leaders. Inside you’ll find discussions on: - Why CBD Trophy space is shrinking - Single-digit-vacancy markets - Leasing strategies that allow for greater space flexibility - Core fringe locations that may serve as a viable alternative to CBDs - New office developments across the country

Keywords: law, legal, local markets

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