New York City. Photo: Shutterstock.com
Almost a quarter of the available square footage occupied by law firms in Manhattan is up for renewal between 2021 and 2024, according to CBRE.
October 24, 2019 at 03:17 PM
1 minute read
The original version of this story was published on New York Law Journal
If it seems like there have been a lot of law firm real estate moves lately, just wait.
According to a yet-to-be-published report by commercial real estate services and investment firm CBRE, leases covering a whopping 8.5 million square feet of law firm office space in Manhattan are set to expire between 2021 and 2024, setting up a round of musical chairs in the city—and placing additional pressures on firms as rents continue to increase.
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