Report | New Jersey Law Firm Outlook - 2015
Unlike many markets, New Jersey is currently favorable to law firm tenants, and expected to remain so through 2016. Rental rates are down 2 percent over the past 12 months, and only anticipated to increase 1 percent in the coming year.
Suburban firms, however, are challenged with an aging building infrastructure and attracting young workers, many of whom prefer to work within the CBD.
Our local Law Firm Perspective provides a thorough overview of the New Jersey market to help you better shape your strategy. We explore conditions across the state of New Jersey, 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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