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NYCIndustrySpotlightLegalSectorQ22023ResearchHeroImageLarge NYC-Industry-Spotlight-Legal-Sector-Q2-2023-Research-Hero-Image-Mobile

New York City Industry Spotlight: Legal Sector Q2 2023 Overview​

Lori Albert • 8/25/2023
Read and download our New York City Industry Spotlight: Legal Sector Q2 2023 overview.  

KEY TAKEAWAYS 

  • Three of Manhattan’s four largest 2023 leases thus far have occurred within the legal sector 

  • The legal sector totaled 14.0% of Manhattan overall leasing YTD, the largest mid-year market share in more than a decade 

  • Renewals comprised 74.0% of H1 2023 legal sector leasing 

  • Sixth Avenue/Rock Center and Grand Central submarkets accounted for 51.6% of H1 2023 legal leasing 

  • In the first half of 2023, 98.3% of total leasing within the sector occurred in Class A buildings 
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