The Law Firm Dilemma: Renew Or Move?
Law firms make up close to a quarter of the tenants in downtown DC, so Bisnow is thrilled to bring you our second annual event on Real Estate Strategy for Associations and Law Firms on Wednesday, Aug. 27.
Reed Smith's Olivia Shay-Byrne (finance/real estate group partner and new markets tax credit group leader) is helping with the office's complete buildout and she represents associations—so she's qualified to speak to all aspects of Bisnow's event. She'll be moderating panels at the Mayflower after a special keynote with Mayor Vince Gray.
The big real estate issue for firms can boil down to: renew or move? Reed Smith's DC office chose to renew at 1301 K St and take on a total overhaul. (It's also getting more fitness-focused, with new desks for every office able to raise up to chest height. Olivia demonstrated one desk on the move here. Get ready for standing desks—or maybe even treadmill desks?) While law firms generally stick to leasing, Olivia tells us that for associations that can buy, the numbers are still very attractive.
As offices get smaller, are amenities more important? Reed Smith features this newly renovated gym off the lobby. To talk about amenities, leasing, location, one-size offices, buildouts, and more, we hope you'll join us at the Mayflower on Aug. 27 for Bisnow's Real Estate Strategies for Associations and Law Firms. (Who knows, maybe someone will ask Mayor Gray the question everyone wants to know: standing or sitting desk?)