Law firm leasing activity in the U.S. has been so robust during the first nine months of 2023 that it has nearly outpaced all of 2022, but—bucking a trend from the past two years—more than two-thirds of firms inking new leases are staying put, a new Savills report finds.

During the third quarter, legal-sector leases of more than 20,000 square feet totaled 1.7 million square feet (msf) for a total of 5 msf for the first nine months of the year—coming in just short of the 5.3 msf in total leasing activity in 2022, according to the U.S. Law Firm Activity Report Q3 2023 from Savills Legal Tenant Practice Group.

This content has been archived.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]