Law firm leasing surged at the end of the year, according to a recent report, and analysts expect another boost going forward as firms try to sway their employees back to offices with new and better spaces.

Average law firm leasing activity increased roughly 18% in 2021 compared with 2020, due in large part to “a flurry of deals” in the fourth quarter, according to the latest Savills U.S. Law Firm Activity Report. That helped push the quarterly leasing average during the pandemic era up to 1.4 million square feet in new or renewed leases, “not far” from the average of the two years prior to the pandemic—1.8 million square feet.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]