In light of current economic conditions, law firms have had to adjust, as have most industries. In the Dallas/Fort Worth market, some firms are taking advantage of the economy by reducing real estate costs, gaining flexibility and achieving greater efficiencies. They achieve these results by re-evaluating their real estate needs and implementing a strategy for the future. Is your firm taking advantage of these opportunities?
With an overabundance of vacant office space in the market – approximately 46 million square feet – Dallas/Fort Worth is referred to as a tenant’s market. This is a market in which the pendulum has swung to the tenant’s favor. Building owners and landlords are marketing space aggressively, offering concessions such as parking abatements, increased tenant improvement dollars, reduced rental rates and in some cases free rent.
