The number of law firms choosing to relocate their offices instead of renew existing leases is growing, and amenities have become a critical factor in relocation decisions, Colliers concluded in its 2024 spotlight report on North American law firm practice groups.
"Law firms seek buildings that provide modern, efficient workspaces," Colliers stated, noting that firms are hunting for universal office designs that enable both privacy and collaboration. "These designs are more easily implemented in newer buildings with flexible floor plates and modern infrastructure supporting the latest technological needs. Relocations can be opportunities to rebrand the firm's physical presence in line with contemporary standards, portraying a forward-thinking, adaptive culture."
Underlying this effort is the belief that a high-quality work environment can help attract top talent, encourage staff productivity and well-being, and enhance a firm's prestige. This is happening even as "the slow and deliberate return-to-office pace appears to be moderating."
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