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What is the Difference Between Flexible Space Models and Traditional Office Leasing?
Market forces — such as workplace design, demographics and urbanization, capital flow and technology — are driving the growth of flexible space.
Since the third quarter (Q3) 2018, 64.7% of all net absorption in the United States is attributable to flexible space, and this trend is expected to continue. Today flexible space represents approximately 5% of all U.S. office inventory, and commercial real estate firm Jones Lang LaSalle Inc. (JLL) expects this percentage to grow to 30% by 2030. The average annual growth rate of flexible space in the United States since 2010 has been 23%, while the growth of the U.S. tenant base has only been 1%.
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New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.