Report | Austin Law Firm Outlook - 2015
Demand for CBD space and low vacancy have caused rates for Austin office space to consistently increase year-over-year, leading to a market that currently favors landlords. An additional challenge for law firms is that local tech sector growth has led to the development of many open-office floorplans, limiting the amount of move-in ready space for more traditional tenants.
On the plus side, UT Austin’s LBJ Law School still ranks as one of the nation’s best, so there’s an abundant and strong talent pool. And, demand for law firms remains high thanks to flourishing government and tech sectors.
Our local Law Firm Perspective provides a thorough overview of the Austin market to help you better shape your strategy. We explore conditions across Austin, including rental rates, TI allowances, asset class differentials, and demand from professional and business services firms.
(Click here to see an overview of 2015 national law firm trends and market comparisons.)
To access the report, simply complete the form.