Savills' coworking search portal expands to the US

Coworking spaces where companies and entrepreneurs can rent out and work at creative and modern workspaces is all the rage in the real estate industry right now. Savills, a property brokerage, is looking to slide into this current trend as well.

The company recently announced it is bringing its flexible workspace consultancy, Workthere, to the U.S., starting with New York City.

First launched in London in 2017, Workthere is both an online listing platform and advisory service that focuses exclusively on the flexible workspace market. It lists flexible workspace locations on its website, and allows users to search for space in certain areas. Once businesses or individuals have some options, they connect with dedicated Workthere brokers who will negotiate on their behalf.

Now that it is in New York, Savills is planning to expand Workthere across the United States this year, with the West Coast as its first target.

“Our clients are finding it difficult to navigate the expanding and confusing flexible workspace market out there,” Workthere Americas Head Dom Harding told Bisnow. “There is a lot of confusion about what you are getting for your money, what discounts there are and what’s included.”

The service has 3,000 listings across nine countries, including Singapore, Germany, France, Ireland and The Netherlands. Big-name operators like WeWork, Knotel and Servcorp are all listing space on the site in New York City, along with smaller operators.

The attraction for the providers, Harding said, is that the platform filters out tenants that aren’t serious about taking space. It is free to list space on the site, and the provider still pays the commission when deals close.

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