Despite the trend to creative office, law firms have continued to gravitate towards class-A, quality real estate—and that trend isn't waning. According to a new report on law firms from JLL, 65 million square feet of class-A office space will deliver in the US this cycle, creating ample opportunities for law firms to get a good deal on new quality office space or look at second-generation options as a low-cost alternative. To find out more about the kinds of spaces that law firms are leasing, we sat down with Thomas McDonald, EVP at JLL, for an exclusive interview.
GlobeSt.com: What types of office spaces are law firms gravitating toward today?
Thomas McDonald: Currently, law firms within the Los Angeles Central Business District have maintained their interest in occupying office space in Class A office buildings that are professional owned, managed and maintained by institutional companies. They are universally focused on occupying more efficient space.
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