Ed. notice: Welcome to our day by day characteristic, Quote of the Day.
If Q2 is any indication of what midsized corporations are doing, then we should always count on midsized corporations to proceed preserving the identical quantity of area or turning into extra environment friendly with use of their area.
— Gregg Cohen, principal at actual property agency Cresa, in feedback given to the New York Law Journal, regarding midsize corporations’ workplace growth in New York Metropolis, in comparison with that of Biglaw corporations. Whereas the largest of Biglaw corporations are growing their actual property footprints within the Large Apple, just some Am Regulation 200 and midsized corporations are following go well with. Cohen went on to say that he thinks most midsize corporations will keep their present sq. footage, and even cut back their area sooner or later, reasonably than additional broaden.
Staci Zaretsky is a senior editor at Above the Regulation, the place she’s labored since 2011. She’d love to listen to from you, so please be at liberty to email her with any ideas, questions, feedback, or critiques. You’ll be able to observe her on Bluesky, X/Twitter, and Threads, or join along with her on LinkedIn.
