The latest Deloitte Crane Survey showed that legal firms have been an increasingly important sector for London office demand, accounting for a third of all pre-lets since Q3 2022. The rise reflects strong growth in legal jobs over the past year. In turn, we suspect that is down to the high level of M&A activity following the pandemic, supported by cheap debt. But with interest rates now set to be higher for longer dealmaking activity, and therefore legal and overall office demand, may soon fall back.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services