1、2026 Law Firm Report:Trends Impacting the Industry and Real EstateIntroductionLaw firms in the United States and Canada are beginning to reshape their real estate strategies driven by the continued momentum of return-to-office(RTO)policies and mandates,evolving workplace expectations,shifting talent
2、 dynamics,and a sustained pressure to optimize space.In this 2026 annual report,the Colliers North America Law Firm Practice Group examines significant office real estate trends,drawing on insights from 20 key legal markets across the two countries.CONTENTSIntroduction .2Office Market Overview .3Mar
3、ket Performance .5Select Key Trends Facing the Legal Industry .6Trends Across Class A Properties in the U.S.8Evolution of Law Firm Real Estate .142026 Law Firm Survey:Key Takeaways .15Outlook .18Atlanta .20Austin .21Boston .22Chicago .23Cleveland .24Dallas-Fort Worth .25Detroit .26Los Angeles .27Man
4、hattan .28Minneapolis .29Nashville .30Pittsburgh .31Portland .32Salt Lake City .33San Diego .34San Francisco .35Toronto .36Vancouver .37Washington .38Westchester&Fairfield .392026 Law Firm Report:Trends Impacting the Industry and Real Estate2Office Market OverviewUNITED STATESThe U.S.office market s
5、hows early signs of recovery in many major metros as core fundamentals stabilize.Nationally,the vacancy rate has begun to decline.Stronger demand for high-quality,amenity-rich space continues to lead the rebound,supported by increased office attendance.Recovery remains uneven and highly divided by a
6、sset quality and location,with the overall vacancy at 18.2%,the construction pipeline at 25.8M SF,and 2025 annual absorption of 18.6M SF.More than 50%of markets are moving towards recovery,with only a handful encountering significant occupancy losses in 2025.Manhattan continued to lead the country w