Tag Archives: legal services

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

PowerPoint Presentation

  • 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… Read More

Q2 NY Office Outlook: Large block leasing activity drives vacancy lower as confidence increases

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Like the greater U.S. economy, recovery in the Manhattan office market has been slow but tangible.

Office_reportJLL’s Q2 New York Office Outlook reported on conditions in the nation’s largest office market over the quarter and the year so far.

Report highlights are as follows:

  • The Manhattan office vacancy rate fell to 10.6 percent from 11.1 percent – its lowest level in two years – as a result of
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