Report | Phoenix Law Firm Outlook - 2015
Law firms in the Phoenix market are seeing their rents rise, as the availability of Class A space continues to shrink and several submarkets approach prerecession levels.
Projects over the next 18 months will bring new Class A properties online, with the market itself expected to become neutral by 2019.
Firms currently looking for space of less than 10,000 square feet have strong options to choose from, however, as supply in that category remains abundant.
Our local Law Firm Perspective provides a thorough overview of the Phoenix market to help you better shape your strategy. We explore conditions across Phoenix’s submarkets, 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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