Key facts
- US law firms are taking up more office space in London than their UK counterparts.
- Over the past five years, US firms have doubled their transacted office square footage in London.
- UK-founded firms have demonstrated a reduced demand for additional office space.
American law firms are significantly expanding their presence in London's City district, acquiring more office space than their UK-based rivals, according to new data from estate agent Knight Frank. Over the last five years, US firms have doubled the amount of square footage they have transacted on in the UK capital. This expansion contrasts with a markedly reduced appetite for additional office space shown by UK-founded firms during the same period. The trend indicates a shift in the London corporate real estate market, with US firms driving demand for larger offices as they grow their operations.