Suburban Chicago fundamentals tighten slightly, yet region largely remains tenant favorable.
We pride ourselves on our in-depth commercial real estate research. Our specialist teams offer insight into current market trends and predictions for the future to help you make the right real estate decisions.
The third quarter brings little change to Phoenix office market conditions, plentiful tenant options remain.
Regional availability declines, but increases seen in the Philadelphia CBD.
"The Savills Legal Tenant reviewed law firm activity over 20,000 square feet (sf) through the first half of 2019, tracking transactions across key U.S. markets."
"The sublet and assignment provisions are some of the most heavily-negotiated aspects of a commercial lease. In partnership with the American Bar Association, the Savills Legal Tenant Practice Group has developed a two-part program that provides an in-depth look at these provisions. "
"This article was originally written by Savills Vice Chairman Tiffany Winne for Law360."
"Savills has created a unique mobile and interactive market analysis map to help our law firm clients better understand the current favorability temperature in their markets."
"In this edition of The Legal Tenant, we share a recent episode of the Legal Talk Network’s podcast “The Un-Billable Hour” featuring Savills Vice Chairman Andrew Lechter."
"The most expensive space is the space you aren’t using. It’s also an opportunity."
"Few major law firms in the United States have dared break with the tradition of individual attorneys’ offices, even for first-year associates, but Fried Frank took a leap of faith this spring in its Washington, D.C., office."
"Halving the real estate expenses of a nationally ranked law firm while securing office-by-office buy-in for new office space standards is a tall order. Wilson Elser Managing Partner Robert Roarke steers the Am Law 200 firm’s Real Estate Strategy Committee. The Committee is developing a metrics-based process to determine how it will use office space more efficiently in the future. The effort is already paying dividends."
"As most top-tier law firms are focused on expanding or maintaining a presence in multiple markets, the cost of construction for office space remains among top concerns when looking at a new location or evaluating an existing one."
"The Savills Legal Tenant reviewed law firm transactions over 25,000 square feet in major markets across the US, spanning January 2016 to present. Our list, which can be seen in full by clicking below, includes 189 new leases and renewals, as well as expansions, extensions and subleases."