What's Happening?
Holland & Knight and Greenberg Traurig have signed some of the largest office leases in the Southeast United States this year. According to recent data, nearly 60% of law firms that signed new leases in the second quarter of 2025 opted to remain in their current locations. This trend marks a significant increase compared to pre-pandemic levels in 2019. The decision by these firms to secure substantial leases highlights a strategic move to maintain a strong presence in key markets. The leases are part of a broader trend where law firms are reassessing their real estate needs in response to evolving work environments and market conditions.
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Why It's Important?
The leasing decisions by Holland & Knight and Greenberg Traurig underscore the ongoing transformation in the legal industry's approach to office space. As firms navigate post-pandemic realities, the choice to secure large leases suggests confidence in the Southeast market's growth potential. This move could influence other firms to reevaluate their real estate strategies, potentially leading to increased competition for prime office locations. The trend also reflects broader economic shifts, as businesses adapt to hybrid work models and changing client demands. The real estate sector, particularly in the Southeast, may experience a boost as a result of these high-profile leases.
