What's Happening?
Law firm leasing activity in the U.S. has reached a record high, with 10 million square feet leased in the first half of 2025, according to Cushman & Wakefield's Legal Sector Q2 Leasing Trends report. This surge is attributed to new attendance mandates requiring lawyers to be in the office three to four days a week, leading to a 'very office-centric' approach. The trend marks the strongest start to a year on record for law firm leasing, with expectations that 2025 could be the fourth consecutive year of record-setting activity.
Why It's Important?
The increase in law firm leasing reflects a significant shift in workplace dynamics, as firms adapt to new attendance policies. This trend could have broader implications for the commercial real estate market, potentially driving up demand and prices for office spaces. It also highlights the ongoing debate over remote work versus in-office attendance, with law firms opting for a more traditional office presence. This shift may influence other industries to reconsider their remote work policies.
