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United States | Chicago, IL

Report | Chicago Law Firm Outlook - 2015

Summary

​Space is scarce for Chicago-area law firms looking for Class A space greater than 100,000 square feet, with conditions expected to get even tighter through 2017.

2018 is likely to bring a more tenant-favorable market, with new downtown construction coming available for lease at some point in 2017.

Firms willing to consider second-generation space will have options prior to 2017, and Class B space is running at a 14-percent discount on average.

Our local Law Firm Perspective provides a thorough overview of the Chicago market to help you better shape your strategy. We explore conditions across the Chicago market, from rental rates—including premiums for Trophy space and discounts for Class B space—to demand among professional and business services firms.​

(Click here to see an overview of 2015 national law firm trends and market comparisons.)

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