Legal occupiers looking to attract and retain top talent, drive performance, and prioritise ESG requirements are demanding premium space that provides vibrant employee experiences and positive environmental impact. This is true for all firms across the rankings, but particularly pronounced amongst top-tier global law firms that are investing heavily in the best-in-class assets in markets across the world.
The flight to prime continues to drive relocations as well as price premiums, especially in tight markets. In the US, price premiums for ultra-prime offices are particularly significant.
Occupiers demand premium, highly-amenitised space in accessible and attractive urban environments in order to recruit and retain talent and drive productivity.
ESG certification is also a top consideration for all legal tenants, with Europe and Australia significantly ahead of the US and Asia.