Given that it prefers in-office work, the legal sector was a major driver for leasing in 2023 in what otherwise was a challenging year for office landlords.
Law firms continue to be in the market for new and/or upgraded space, and this activity will create more tightness in top-tier office buildings, according to a new report from Cushman & Wakefield.
Law firm leasing activity is up 50% from the lows in 2020 and 2021, committing 16.9 million square feet (msf).
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