Concessions are increasing for law firm tenants in markets across the US, with averages for new 10-year leases on Class A space ticking up to $84.24 per rentable square foot in tenant improvement allowances and 9.1 months of rent abatement. 

According to Colliers’ latest survey of the law firm sector, concessions are highest in the Northeast at $109 psf in tenant improvements with 12 months of free rent. Manhattan and Washington DC lead the 23 markets surveyed by Colliers, while the Midwest has the lowest concessions at an average of $62 psf with eight months of rent abatement.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt Net Lease Spring 2023Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.