Report | Minneapolis Law Firm Outlook - 2015
Over the past 18 months, rental rates for law firms in the Minneapolis market have risen significantly. Paired with pressure to decrease service rates, many firms are rethinking real estate strategies to reduce costs.
With rents expected to continue to rise, some firms are considering Class A space over Trophy, and some have begun to move back-office operations to less expensive parts of the market.
Our local Law Firm Perspective provides a thorough overview of the Minneapolis market to help you better shape your strategy. We explore conditions across Minneapolis, from rental rates—including TI allowances 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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