Tishman Speyer’s new co-working arm will go after corporate clients

The landlord launched Studio Private, which will provide full floor plates with 1 year minimum leases

New York /
Nov.November 06, 2018 04:25 PM

Rob Speyer and renderings of its co-working service, Studio (Credit: Tishman Speyer and iStock)

Tishman Speyer is launching a new co-working service to chase corporate clients, falling in line with the shift to blue-chip companies in the shared-office industry.

The mega-landlord’s new product, Studio Private, will provide large companies with office suites with “privacy and singular company culture,” while remaining a co-working brand. The new service is an expansion of Tishman’s co-working offices arm, Studio, which launched this month at 600 Fifth Avenue with a 35,000 square foot space on the tower’s second floor.  That service targets smaller firms, matching more traditional co-working office suites.

It’s part of a broader shift in the co-working industry, which The Real Deal examined in its November cover story. The model has evolved from providing space to chic startups and freelance types to essentially serving as property management firms for Fortune 500 companies.

Studio Private will open its first location at the Rockefeller Center in December, with flexible lease terms that start at one year for office space starting at 2,000 square feet and up to full-floor suites.

New clients will also have access to the co-working brand’s exclusive club, ZO, an amenities platform that provides wellness programs, backup child care, catering and other resources.

“Studio Private is a turnkey solution, offering companies a connected, customizable and contemporary spaces without having to make long dated space decisions,” the company said in a statement.

As a landlord, Tishman also has leased its space out to rival co-working companies. In September, Spaces signed a lease for 110,000 square feet at its Chrysler Building. WeWork inked a 250,000 square feet space at Tishman’s new Long Island City office and retail complex, the JACX.

Other traditional real estate companies are also stepping into the co-working space. CBRE announced last week that it plans to launch its own flexible office brand, Hana, that will largely target corporate clients, but also provide co-working services for smaller startups and freelancers.


Related Articles

arrow_forward_ios
 Though landlords aren’t quite ready to say goodbye to their offices, employees are, according to a new survey by JLL. (Getty)
Sorry, boss: 72% of workers don’t want to return to offices full-time
Sorry, boss: 72% of workers don’t want to return to offices full-time
A selection of the properties, from left: 1020 Pacific Street, 818 Bergen Street, 483 St. Marks Avenue and 634 Classon Avenue (Google Maps, Kings County Supreme Court/Illustration by Alexis Manrodt for The Real Deal)
All Year sues partner over “illegitimate” deed transfers
All Year sues partner over “illegitimate” deed transfers
President Joe Biden’s American Rescue Plan was passed over the weekend. (Getty / Photo Illustration by Kevin Rebong for The Real Deal)
What real estate gets in Biden’s $1.9 trillion package
What real estate gets in Biden’s $1.9 trillion package
Continuum Company founder Ian Bruce Eichner and the former Spice Factory at 960 Franklin Street (Getty, Google Maps)
Eichner’s Crown Heights rezoning delayed once again
Eichner’s Crown Heights rezoning delayed once again
(Getty, iStock)
Movie theaters’ future uncertain as studios focus on streaming
Movie theaters’ future uncertain as studios focus on streaming
Durst Organization president Jonathan Durst and 1155 Sixth Avenue (Durst, Google Maps)
Jenner & Block cuts footprint, takes 67K sf at Durst’s 1155 Sixth Avenue
Jenner & Block cuts footprint, takes 67K sf at Durst’s 1155 Sixth Avenue
Mack Real Estate CEO Richard Mack and one of his new hotels at 51 Nassau Street. (Getty, ING)
Mack Real Estate takes over 7 distressed Manhattan hotels
Mack Real Estate takes over 7 distressed Manhattan hotels
1440 Broadway and CIM Group’s Shaul Kuba (Google Maps, Getty)
CIM closes on $400M refi for 1440 Broadway
CIM closes on $400M refi for 1440 Broadway
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...