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Brace for Rising Rents

By Elizabeth Cooper and Tom Doughty

For the last seven years, partners charged with securing new or additional law office space have enjoyed the advantage, with strong leverage at the lease negotiation table. But with the market cycle trending toward higher rents and fewer options in markets across the country, Jones Lang LaSalle's annual Law Firm Perspective reveals that the days of tenants having the upper hand in lease negotiations are on the way out.

While rents are generally up and options are generally down ' there are cities where law firms can still cut a good deal. Here, Elizabeth Cooper and Tom Doughty, co-chairs of Jones Lang LaSalle's law firm practice, explain the key challenges and opportunities for partners shopping for office space.

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