Monday, April 07, 2008

Lawyers: Single-Handedly Keeping the Chicago Real Estate Market Afloat

And we're leaping tall buildings in a single bound...

Hey I'm just re-reporting from another source here:

A study by Jones Lang LaSalle Inc.'s Law Firm Group has found that lawyers take up a healthy chunk of downtown Class A office space.

It found that 14.2 percent of the 25.4 million square feet of Class A office space in the West Loop is occupied by law firms. For the nearly 14 million square feet of Class A in the Central Loop the figure is 25.1 percent.

"Demand from law firms … has driven the development of seven of the last eleven projects built in the Central Business District," says Jones Lang LaSalle.

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