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Law Firm Leasing Boomed During Q1 of 2025
Law firm leasing boomed during the first quarter of 2025, with double the volume during the same period of 2024, and 68.8% of firms chose to stay in place, a significant increase from recent years, Savills’ The Legal Tenant reports in its U.S. Law Firm Activity Report.
Among leases of at least 20,000 square feet, law firm leasing activity grew to 3.4 million square feet during the quarter, far outpacing the 1.7 million square feet of activity during the first quarter of 2024. While slightly trailing Q4 2024’s record high of 3.8 million square feet, the surge signals a solid start to the year and “sustained momentum” in the legal sector, according to the report.
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