Key Findings

• In Q1 2025, law firm leasing activity totaled 3.4 million square feet (msf), more than double the volume signed in Q1 2024, signaling a confident start to the year and sustained demand for office space.
• Through Q1 2025, the four-quarter average for legal leasing stands at 3.0 msf, well above the 1.5 msf quarterly average seen between 2020 and 2023, reflecting a notable shift in activity levels.
• In Q1 2025, 68.8% of law firms opted to stay in place—a notable shift from prior years. While 2023 and 2024 showed a more balanced mix between renewals and relocations, this quarter’s activity reflects the growing impact of limited space options and elevated construction costs, making renewals a more practical and efficient choice for many firms.

Q1 2025 Sees Continued Legal Leasing Strength and Notable Shift Toward Renewals