In a year where remote work, construction slowdowns and tighter budgets were a common theme in corporate America, leasing activity across the country slowed down in 2023, but law firms in Miami kept scooping up office space.

After years of law firms packing into Miami's under-supplied office buildings, real estate broker JLL saw 88% of Miami law firm tenants renew office leases in 2023 as space became limited, according to a recent report by the company. Although leasing volume decreased last year compared to 2022's historic highs, demand remained hot, which contributed to local firms finding themselves priced out of the downtown area.