2024-05-29-莱坊-London_Legal_Sector_Update_Q1_2024_4页_545kb

报告摘要

Hybrid Work Prevalence: Over 70% of surveyed legal professionals in London follow a hybrid work schedule (2-3 days office), with 80% favoring hybrid models. About 19% work fully office-based.
US Firm Growth: Several US law firms in London shared strong 2023 financial results, including significant partner/associate growth and office expansions. Examples include Cooley, Akin, Simpson Thacher & Bartlett.
Office Leasing Activity: London's active legal sector demand increased by 37% for Q1 2024, totalling nearly 1.35 million sq ft, primarily focused on the City of London. This represents 11% of total London real estate demand.
Lease Transaction Timing: Q1 leasing activity was impacted by the timing of lease events, causing slower overall take-up compared to previous periods.
Lease Expirations: Significant lease expirations are expected for London's legal sector between now and 2030, driven by heavy market presence (>12m sq ft).
Building Preferences: New law firm leases prioritise locations offering significant amenity space, end-of-trip facilities, green initiatives, advanced technologies, and high sustainability ratings (WiredScore Platinum, BREEAM 'Outstanding', EPC A, etc.).

Cravath, Swaine & Moore: US, 21,704 sq ft, 100 Cheapside.
Three Crowns: UK, 15,484 sq ft, The JJ Mack Building, 33 Charterhouse Street.
Faegre Drinker Biddle & Reath: US, 14,534 sq ft, 8 Bishopsgate.
Curtis, Mallet-Prevost, Colt & Mosle: US, 13,835 sq ft, 99 Gresham Street.
Simpson Thacher & Bartlett: US, 12,515 sq ft, CityPoint, 1 Ropemaker Street.

100 Cheapside (Cravath): Secondhand grade, focuses on proximity to public transport/minors, well-being features (recycling,colour roof, digital twin). Ratings: LEED Platinum, BREEAM 'Excellent', EPC B.
The JJ Mack Building (Three Crowns): Green initiatives (solar panels, water recycling, energy efficient controls). Ratings: BREEAM 'Outstanding', EPC A.
8 Bishopsgate (Faegre): Significant amenity space, high public transport access. Sustainability focus: low-carbon design/runtime, high solar capacity. Ratings: WiredScore Platinum, BREEAM 'Outstanding', EPC A.
99 Gresham Street (Curtis): Secondhand grade, strong transport links. Ratings: WiredScore Gold, BREEAM 'Excellent', EPC B (refurbished floors).