2023 Legal Sector Leasing Trends (May 2023)

Legal sector leasing activity – Since Q1 2022 TOP 10 LARGEST LEASES

Leased SF

Transaction Type

Rank Market

Change in Lease SF Tenant

Quarter

1.

-

Chicago

247,000

-

Unk. Katten Muchin Rosenman LLP

Renewal

Q1 2023

2.

New York City

225,301 Decrease

-115,807 -34% Cadwalader, Wickersham & Taft LLP Renewal

Q1 2023

3.

Nashville

195,000 No Change

0

0% Bass, Berry, & Sims

New Lease

Q2 2022

4.

New York City

179,724 Increase

72,724 68% Freshfields Bruckhaus Deringer LLP New Lease

Q3 2022

5.

Houston

172,301 Decrease

-16,587 -9% Baker Botts

Renewal

Q2 2022

6.

Denver

167,632 No Change

0

0% Holland & Hart

Renewal

Q3 2022

7.

New York City

144,903 Decrease

-239,979 -62% Clifford Chance

New Lease

Q2 2022

8.

New York City

144,221 Decrease

-41,545 -22% O'Melveny & Myers

New Lease

Q3 2022

9.

New York City

130,296 Increase

15,908 14% Holland & Knight

New Lease

Q2 2022

10.

Austin

129,987 Increase

129,987 100% Kirkland & Ellis

New Lease

Q4 2022

Cushman & Wakefield | Legal Sector Advisory Group

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