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Law firms give clear verdict in favor of higher-quality office space

Preleases for new trophy towers in New York and Chicago show companies willing to go up against AI giants
In June, law firm Sidley Austin committed to lease more than 500,000 square feet at the proposed 725 Randolph in Chicago, shown in this rendering. (CoStar)
In June, law firm Sidley Austin committed to lease more than 500,000 square feet at the proposed 725 Randolph in Chicago, shown in this rendering. (CoStar)
CoStar Analytics
August 24, 2026 | 4:17 P.M.

In the face of the office sector’s challenges, law firms have exhibited both consistent demand for space and a clear preference for the best buildings, proving beyond a reasonable doubt that the flight-to-quality narrative holds for at least one segment of the occupier market.

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