TBA Law Blog


Posted by: Stacey Shrader Joslin on Mar 13, 2023

U.S. law firm office leasing volume dropped off during the fourth quarter of 2022, potentially signaling the start of a leasing slowdown in the legal industry, according to a new report from commercial brokerage Savills. Following a pandemic-era decline, the leasing market had enjoyed several quarters of steady volume. But the latest data shows that growth has stalled with firms leasing just 1.1 million square feet in the fourth quarter compared to 1.7 million in the third quarter and 1.6 million in the second quarter. Read more about the trend from Reuters.