Report | San Diego Law Firm Perspective - 2016
San Diego law firms with lease expirations over the next few years will likely encounter increased landlord willingness to restructure their leases early to maintain occupancy. Given the amount of new Class A construction coming online, landlords are likely to drop rates in older space to maintain occupancy, as the Irvine Company has already done in UTC. Right now, large blocks of law firm appropriate space are largely focused in in new construction with higher rental rates (as of Q3 2016).
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