NYC launch takes Savills’ Workthere platform into US market

Real estate advisory firm Savills is expanding its Workthere business into the US.

The listing and brokerage platform, which helps companies find suitable office space, is launching in the world’s largest coworking and flexible office market – New York City.

Savills plans to roll the service out to other US cities in the coming months.

Set up in the UK in 2017, Workthere now operates in seven countries, including Singapore, Germany, France, Ireland and The Netherlands.

According to London-headquartered Savills, coworking costs in New York are some of the highest in the world.

The firm’s 2019 Tech Cities report found that the average monthly cost for a coworking desk in the Big Apple is $950. Workthere’s aim is alleviate that by helping businesses shop around.

The US team will be led by Dom Harding, head of Workthere Americas, alongside director Ted Skirbunt.

Patrick McGrath, Savills Studley’s chief information officer and head of client technologies, said: “This is an exciting development that complements Savills continuing evolution as an industry leader in technology and innovation, proactively adapting to shifts in global occupier trends.

“Workthere provides a unique offering, with the capability to advise any business on their workspace requirements, from an individual looking to acquire a coworking desk or a global business seeking project space or expansion to a new territory.”

Workthere global head Cal Lee commented: “We are witnessing a new era of disruption in corporate real estate.

“Demand for flexible office space continues to grow globally and we are thrilled to launch Workthere in the US Our ambition is to be the go-to brand for any business looking for flexible workspace around the world.”

Cal continued: “With local experts on the ground in each city as well as a leading listing platform and the data and insight that provides, we are even better positioned to deliver the very best service to our growing client base.”