Manhattan law firms, while back in the market, are taking less space

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New York Chart of the Week: November 2, 2014

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  • Legal services have accounted for three of the top five leases in Manhattan since June.
  • Through improved space efficiencies and headcount reductions, however, law firms are taking fewer square feet than before
  • The above transactions suggest firms are reducing their foot print approximately 20 to 30 percent

Source: JLL Research

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