Report | Silicon Valley Law Firm Outlook - 2015
Law firms in the Silicon Valley area are dealing with increasingly aggressive competition from high-tech firms for the best high image space in the market, as rents near peak rates.
Those firms looking for Class A space will find options relatively scarce as much of Palo Alto’s inventory has become outdated. Despite this, city officials are considering implementing a citywide development cap for new office construction.
Future leasing opportunities may come as some firms downsize or consolidate operations.
Our local Law Firm Perspective provides a thorough overview of the Silicon Valley market to help you better shape your strategy. We explore conditions across Silicon Valley’s submarkets, from rental rates—including TI allowance 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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