Law firms drive largest YoY growth in Boston office leasing

In Downtown Boston, mid-size to large office leases (20,000+ SF) were dominated by finance, insurance, and real estate (FIRE) companies, which accounted for over 33% of leasing activity in the past year. Law firms, however, saw the biggest growth in demand, with leasing activity jumping 332% compared to the year before.
The rise in law firm leasing aligns with the industry's shift back to in-person work, highlighted by prominent firms securing high-end Trophy and Class A+ office space across the city.
Looking ahead, FIRE industries will continue to serve as the main demand driver for Downtown Boston, but investors can expect the influence of the law firms on the office market to remain robust, with 13 active requirements touring the market for over 20,000 SF.

June 2, 2025

US-MA-BOS Boston