Law Firms Losing Lease Leverage In More Markets: Report

Law360, New York (October 16, 2013, 6:40 PM EDT) -- Law firms negotiating office leases should expect higher prices next year, as available space in many markets becomes increasingly scarce, according to a report released Wednesday.

While rental expenditures are being offset in part by more efficient use of space in the legal industry, tighter conditions for high-end office space in many secondary and lower markets mean more landlords with the upper hand in negotiations and fewer lease concessions in the coming year, according to the 2013 Law Firm Perspective report from commercial real estate and...
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