9 Key Trends Impacting the 2025 Urban Office Market:

(scroll down to download the full report) 1️⃣ Law firm leasing volume is up 8% from pre-pandemic levels.

2️⃣ 83% of law firms that have relocated (since 2020) have migrated to a newer-vintage building, on average newer by 27 years.

3️⃣ There has been 138 million s.f. of positive net absorption in newly constructed buildings since the start of the pandemic.

4️⃣ Competition for space is intensifying as active tenant requirements are up 28% year-over-year and sublease additions are down 52% from peak.

5️⃣ Renewal activity is up 15% year-over-year as tenants grapple with fewer relocation options.

6️⃣ More office buildings are being converted and demolished than are being constructed (30+ million s.f. gap over the past 24 months).

7️⃣ Given a halt in construction activity, there will only be 5.5 million s.f. in office deliveries nationwide in 2026, 90% below long-term averages.

8️⃣ 80%+ of U.S. markets have hit record rents for Trophy product and there were a record-breaking number of $100+ p.s.f. leases signed in 2024.

9️⃣ Concessions have begun to moderate, but tenant improvement allowances remain near all-time highs.

See the full 2025 Office Outlook Here: LAW FIRM OFFICE OUTLOOK

See the 2025 Atlanta Office Highlights Here: Q1 2025 - Atlanta Office Highlights

How to Stay Ahead

1. Conduct a Needs Analysis to align your real estate strategy with your business objectives. 

2. Secure and Optimize Office Location(s), Space(s), and Lease(s).

3. Maximize Profitability, Recruitment, and Retention

Many companies lose millions of dollars due to lack of employee engagement, loss of top talent, and inefficient or unneeded office space.

Working with Gregg Metcalf, clients gain the insights, the analysis, and the plan to obtain the lease and office space that retains the best employees, attracts top talent, and maximizes productivity as well as profitability.

To Contact Gregg Metcalf:

email: gregg.metcalf@jll.com

mobile: 404.661.9284