It's a hybrid world for professional services firms; however, that doesn't mean they're ruling out the need for office space. Quite the opposite, in fact.
Research shows that professional services organizations, including law firms, accounting & finance firms, consulting, and more, are prioritizing amenity-rich work environments that provide a differentiating experience compared to the monotony of remote work. Office users are relocating to higher quality office product, which has led to an average 23.6% increase in rental rates. So, despite a net reduction in leased space, higher per-square-foot pricing has muted the impact on tenants' total cost of occupancy.
What kinds of spaces are these tenants moving to, and what have been the driving factors behind their leasing decisions? Download our infographic on leasing trends in the professional services sector for more.
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