Big law offices in Houston remain concentrated in the city’s downtown, while the Dallas real estate market is bifurcated, with a number of large firms fleeing north from the central business district to the pricier Uptown area.
“We are seeing a lot of law firms, particularly, choose to come out of ’80s vintage buildings and move into new product in the Uptown area. That absolutely is a trend,” said Brad Selner, managing director for Jones Lang LaSalle in Dallas. “They might go from paying $20 a [square] foot to paying $40 a foot … but they are getting more efficient.”
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