Report | Los Angeles Law Firm Outlook - 2015
Los Angeles law firms wanting to acquire space in Century City, Downtown and Westside are having to deal with increasing rental rates, with Westside rents even nearing prerecession levels. This has forced some firms to look towards more affordable submarkets.
Market-wide, large blocks of Trophy space remain available for firms who may be trying to trade up their image with clients. The premium for Trophy space is 22 percent this year.
Our local Law Firm Perspective provides a thorough overview of the Los Angeles market to help you better shape your strategy. We explore conditions across Los Angeles’s submarkets, 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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