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We’re pleased to share the latest U.S. Law Firm Activity Report. While transaction volume moderated in Q1 2026, underlying demand from the legal sector remains strong, reinforcing law firms’ continued commitment to high-quality office space across major U.S. markets. Despite a slower start to the year, firms remain highly active in the market, with many evaluating options and advancing requirements amid constrained availability of large, premier office blocks.
Key Findings
- Q1 2026 produced 1.9 million square feet of law firm leasing activity, with a strong pipeline of transactions expected to support increased activity throughout the remainder of the year.
- Renewals continued to dominate leasing decisions, with nearly 70.0% of firms electing to stay in place during Q1 amid limited availability of large, high-quality space.
- Expansion activity remained notable, with 44.8% of renewals and relocations resulting in larger footprints compared to 27.6% that downsized.
Renewals maintain a growing lead over relocations in law firm leasing
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