Like many U.S. cities, Philadelphia and Pittsburgh have seen a boost in real estate development that will create more favorable tenant conditions in the next 12 to 18 months, according to a new report. While some law firms are likely to move into the most premium spaces, firms outside the top tier will benefit as increased competition slows rent growth.
JLL’s 2017 Law Firm Perspective report, released Thursday, said both Philadelphia and Pittsburgh are in a landlord-friendly phase, but that will shift to neutral in 2018 and tenant-favorable in 2019.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]