A new report on the Washington, D.C., legal market from real estate giant CBRE finds law firms migrating west, following new construction in the city’s central business district. They are also not leasing as much space as they once did, and they’re facing more competition for “trophy” buildings with technology companies and co-working spaces.
The report, which examines the legal industry’s real estate footprint in D.C., measured factors including law firm employment in the region, leasing costs and total occupancy.
A Lawyer’s Town
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