2017 Law Firm Perspective
Heading into 2018, the global economic outlook remains optimistic. We expect real estate conditions in most markets to continue to shift towards tenants as dynamics become more favorable for law firms on the hunt for space.
Our 2017 Law Firm Perspective examines three main themes impacting law firm real estate conditions both in the U.S. and across the world. We take a deeper dive into how these will set the stage for an overall positive outlook for firms in the months ahead.
Continued economic growth will create business expansion opportunities, but also talent challenges for firms.
New supply will provide options both at the top of the market and for lower-cost second-generation space left behind by firms that migrate to new development.
New supply will slow rent growth and trigger continued increases in concessions, creating more favorable conditions for firms.
In the 2017 report, our researchers examine 49 of the most prominent legal markets across the United States, United Kingdom and Canada. Learn about opportunities and challenges in each and the implications on their broader real estate market.
For a more thorough analysis of the current law firm markets and trends, download our complete 2017 Law Firm Perspective. Or, dive into the markets individually below.
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Global city office markets are preparing to enter a new phase that should present greater leverage for law firms in the market for space.
Senior Vice President, Occupancy Analysis & Planning
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Senior Research Analyst