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Real Estate & Property Law

: Closing Real Estate in Chicago

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

By Peter Olson, Esq.

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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.

Full post as published by Closing Real Estate in Chicago on April 07, 2008 (boomark / email).

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