Video 3: Geographic Opportunity
Kenneth Siegel explores how a demographic shift has unlocked geographic opportunities for New York law firms—allowing decision makers to consider areas such as the West Side and Downtown, as opposed to more traditional submarkets like the Grand Central area.
U.S. law firms typically face more supply constrains than companies in nearly any other industry. Why? Law firms typically want offices in premium, Class A space in central locations—the tightest segment of U.S. office markets.
With fewer space options, your firm may find itself battling with competitors not only for clients—but for desired office location as well.
In this five-part video series Kenneth Siegel, International Director and Co-Lead of the New York Law Firm Practice Group, will explore some of the most relevant trends (as reported in JLL’s U.S. Law Firm Perspective) for New York-firms to keep top of mind as they progress toward making occupancy decisions, with a focus on changing space standards and emerging geographic opportunities.
Missed the first video? Watch here.
Missed the second video? You’re in luck.
Want more? Check out JLL’s U.S. Law Firm Perspective for further insights into law firm trends in key markets across the country.