Legal Industry Leasing Sinks 44 Percent in Manhattan, but Still Ahead of Rest of US
While it saw the biggest dip, law firm leasing activity in Manhattan was still much stronger than in the rest of the country. The legal industry took more than 2.6 million square feet of Manhattan office space by annual average in the two years leading up to the pandemic, and in the two years since the pandemic hit only leased 1.5 million square feet.