Law Firm Greenberg Traurig Takes 25K SF at Related Ross Dev in West Palm

Why this matters

Greenberg Traurig’s 10-year lease commitment at Related Ross’s 15 CityPlace in West Palm Beach signals a noteworthy vote of confidence in a secondary office market that has seen uneven recovery post-pandemic. For institutional investors and capital allocators, this deal underscores the resilience of well-positioned, amenity-rich office assets outside of primary coastal hubs. The firm’s relocation within the Related Ross portfolio suggests a landlord-tenant relationship that supports long-term occupancy, a critical factor amid ongoing leasing volatility and tenant flight risk in the office sector. This transaction also highlights the continued demand for sizable, quality office space from professional services firms, which remain among the more stable occupiers in a market grappling with hybrid work models. The decade-long lease term is particularly significant, reflecting a willingness by tenants to commit amid broader uncertainty around office utilization and economic growth. From a capital-markets perspective, such leasing activity can bolster underwriting assumptions for office assets in secondary metros, potentially stabilizing valuations and lending appetite. It may also encourage institutional owners to prioritize tenant retention and asset repositioning strategies to maintain income streams in a challenging environment.

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On the RET wire

• Disclosed office deal value tracked in August 2026: $9.7B across 23 reported transactions. All Office coverage →

Computed from Real Estate Trail’s own tracked coverage

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