Canadian markets buck the trend of squeezing office space availability for North American law firms.
Law firms across North America can expect to see rising rents as supply continues to diminish and construction lags behind demand in the majority of markets—with the exception of a few outliers, including Toronto and Vancouver.
Law firms in these Canadian markets will instead gain increasing leverage as developments come to the market, bringing with them additional space options for tenants. We expect that tenant-favorable conditions will last for a number of years as both Toronto and Vancouver experience softening leasing environments.
But that doesn’t mean that firms are sitting pretty in their traditional office environments. Following global peers, Canadian firms are starting to experiment with space optimization to drive office efficiency and cost savings.
Learn more about law firm office trends taking hold across the globe, and how Canadian markets stack up against others, in our
2014 Global Law Firm Perspective.
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Learn more about law firm office trends taking hold across the globe, and how Canadian markets stack up against others