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Q2 Office Leasing for Law Firms Was a Mixed Bag

Activity in the sector did decline year-over-year in the second quarter, but when compared to dips in other industries, the legal profession rode high.

By Rayna Katz | September 24, 2020 at 07:06 AM

Office leasing among law firms has dropped due to COVID-19, but compared to other sectors its decline has not been that steep, according to a new report by Savills. 

Leasing activity in the second quarter among law firms occupying offices of more than 20,000 square feet fell by 31% year-over-year. At the same time, leasing activity in the financial services sector declined 56%; the technology, advertising, media and information sector declined 51%; and co-working, one of the sectors most impacted by work-from-home measures, declined 82% year-over-year, the report stated.

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