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New York-area law firms are facing several challenges when it comes to finding suitable leasing options. Rising construction costs have made short-term renovations less desirable, and a lack of large-block availability is another key concern.
Need assistance navigating this new, more complicated market? JLL's law firm practice group is here to help you succeed.
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New York-area law firms are currently facing several challenges when it comes to finding suitable leasing options, starting with rising construction costs that are making short-term renovations less desirable.
Nationwide, CBD Class A space is dipping into single-digit territory in many markets, while Trophy rents continue to rise at 2.5 times faster than the market average. Find out why it's happening across the county, and how it affects the New York metro area (as well as a number of other important areas across the region), by downloading our full 2015 report.