Law firm leasing activity has ground to a near halt in New York, while law firms wait out relocation decisions and redesign their current spaces to prevent the spread of the coronavirus.
Law Firm Leasing Drops During COVID-19
Overall, the pandemic will likely result in long-term changes for law firm offices. While law firm leasing activity will eventually pick up, firms may decrease their overall footprints, taking up 10% to 15% less square footage because some people will continue working from home.
By
Christine Simmons
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