DC Firm Downsizing a Permanent Shift, RE Firm Says

Law360, New York (March 12, 2014, 5:52 PM EDT) -- A smaller firm office footprint in the nation’s capital is becoming the new standard in a softened real estate market, according to research released Wednesday by commercial real estate firm Studley Inc.

An analysis of law firm leases in the district shows a clear contraction between office deals penned in the pre-recession period and those signed in the more frugal post-2008 crash period.

Between 2005 and 2007, large leases of at least 50,000 square feet saw a net expansion of 1 million square feet in downtown...
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