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We’re pleased to share the Q4 2025 edition of the U.S. Law Firm Activity Report. Law firm leasing remained a clear bright spot in 2025, closing the year at historically strong levels and reinforcing the sector’s expanding role within the broader U.S. office market. Over the past several years, legal tenants have steadily increased their influence on overall leasing activity, reflecting the industry’s continued commitment to physical office space as a foundation for culture, collaboration, and client service.
Key Findings
- Full-year leasing activity surpassed pre-pandemic benchmarks, marking three consecutive years of annual growth. Law firms now account for 10.1% of all U.S. office leasing, more than double their share in 2018, underscoring the sector’s growing influence in today’s demand landscape.
- Renewals continued to outpace relocations, with 57.1% of firms choosing to remain in place in 2025. This extends a three-year trend in which “stay” decisions have exceeded moves, reflecting both strategic continuity and ongoing constraints in the availability of large, high-quality relocation options.
- Expansion activity exceeded contractions for the second consecutive year, as 38.5% of renewal and relocation transactions resulted in footprint growth. At the same time, downsizing activity moderated, signaling greater stability in long-term space planning and continued commitment to the physical office.
Law Firm Leasing Activity Persists at Historically Strong Levels
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