Tishman Speyer

What Tishman Speyer does

Tishman Speyer is a privately held global real estate developer, owner, operator, and investment manager founded in 1978 and headquartered at Rockefeller Center in New York. The firm operates a vertically integrated platform that combines acquisitions, development, design and construction, leasing, asset management, and operations under a single umbrella, deploying 92.4 million square feet across 245 assets and $70 billion in global assets under management in 40+ key markets spanning North America, Europe, Asia, India, and Latin America. Its product stack includes four branded sub-platforms: ZO (a mobile-app-driven global amenity network deployed across 16+ cities with exclusive Clubhouses, programming, and partner perks), Studio by Tishman Speyer (a 1.3M+ sq ft flexible coworking and event-space platform), TS Ventures (a $108 million proptech investment vehicle backing 41+ early-stage startups including OpenSpace, VTS, Juniper Square, Bedrock Robotics, NavigateAI, and Bobyard), and Breakthrough Properties (a 50/50 joint venture with Bellco Capital developing life science and innovation real estate in Boston, San Diego, Philadelphia, Boulder, Cambridge, Oxford, and Amsterdam).

The firm generates revenue from multiple streams: investment management fees on $21.3 billion in third-party capital commitments and $31 billion in co-investment capital deployed via funds, separately managed accounts, and joint ventures; rental and development income from $52.4 billion of owned assets; third-party property and asset management fees on $17.7 billion of managed and fee development assets under the Client Solutions platform; construction management fees on marquee build-to-suit projects such as the $3 billion JPMorgan Chase 60-story headquarters at 270 Park Avenue; and subscription/transactional revenue from Studio and ZO. Customer segments include institutional investors and family offices, enterprise tenants (JPMorgan, Visa, AstraZeneca, Roche, Huntington Bank, IBM, Tata Consultancy Services), third-party property owners, residential tenants, life science firms, and industrial users, with go-to-market executed through direct institutional fundraising, enterprise leasing negotiations, JV partnerships, and self-serve digital bookings via the ZO app and yourstudio.com.

Name

Tishman Speyer

Legal name

Tishman Speyer

Website

https://tishmanspeyer.com

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Tishman Speyer is a privately held global real estate developer, owner, and investment manager with $70B AUM, 92.4M sq ft, and 245 assets across 40+ markets, serving institutional investors and enterprise tenants via a vertically integrated platform.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development & Investment Management

NAICS

Finance and Insurance (52), Portfolio Management and Investment Advice (52394), Management of Companies and Enterprises (5511), Real Estate Property Managers (53131)

SIC

Real Estate (6500), Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Operative Builders (1531)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industries

Managed Account / SMA Multi-Manager Platforms (FSANAGAL), Real Estate / PropTech Growth Equity (FSANACAH)

Keywords

• Commercial real estate development
• Real estate investment management
• Flexible office workspace
• Life science real estate
• Property asset management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices19 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Investment Management Fees: Earned from managing $21.3 billion in third-party capital commitments and $31 billion in co-investment capital via investment vehicles, separately managed accounts, and joint ventures. Disclosed as part of global AUM platform.
2. Real Estate Development & Ownership Income: Generated from owning and developing 245 assets and 92.4 million square feet globally, including $52.4 billion of owned assets; income from rentals, sales, and capital appreciation across mixed-use, residential, office, life science, and industrial portfolios.
3. Third-Party Property & Asset Management Fees: Recurring fees from providing property management, asset management, leasing, and design & construction services to non-Tishman Speyer property owners under Client Solutions platform, including $17.7 billion of managed and fee development assets.
4. Construction Management Fees: Construction management fees earned from major build-outs, such as the $3 billion 60-story JPMorgan Chase headquarters at 270 Park Avenue and other build-to-suit solutions.
5. Flexible Workspace & Amenity Subscription (Studio/ZO): Revenue from Studio by Tishman Speyer flexible workspaces (1.3M+ sq ft of coworking, conference, and event spaces) and ZO amenity platform access.

Pricing tiers

Go-to-market motion4 records

Distribution channels8 records

Marketing channels9 records

Core offering

Tishman Speyer is a vertically integrated global real estate developer, owner, operator, and investment manager that develops, owns, and manages 245 assets totaling 92.4 million square feet across 40+ key markets with $70 billion in global assets under management. The firm invests in and operates office, residential, life science, industrial, and mixed-use properties; raises and manages third-party capital through funds, separate accounts, and joint ventures on behalf of institutional investors and family offices; and offers third-party property management, asset management, leasing, and design & construction services through its Client Solutions platform.

Product overview

Tishman Speyer operates a platform-plus-modules architecture rather than a single unified product. The core real estate development and investment management business (headquartered at Rockefeller Center, 45 Rockefeller Plaza, New York) is augmented by several branded platforms: Studio by Tishman Speyer (flexible workspace), ZO (Global Amenity Network delivered through a mobile app), TS Ventures ($108M proptech investment vehicle), Breakthrough Properties (life science JV with Bellco Capital), and Tishman Speyer Client Solutions (third-party property management, asset management, leasing, and design & construction services). These modules are deployed across a global portfolio of approximately 92.4 million square feet and 245 assets, and are also offered externally via Client Solutions to properties the firm does not own. The TS Ventures portfolio includes proptech and AI-related investments such as OpenSpace, VTS, Juniper Square, Bedrock Robotics, NavigateAI, Lumber, Latch, and others, reflecting the firm's focus on technology disruption of the real estate industry.

Differentiator

Problem solved

Functional benefit

Brands

• ZO: Tishman Speyer's global amenity network offering members exclusive access to Clubhouses, programming, services and experiences across its portfolio; available via mobile app.
• Studio by Tishman Speyer
• TS Ventures
• Breakthrough Properties

Products and services

• Tishman Speyer Investment Management Vertically integrated investment management platform with $70B in global assets under management, 92.4M square feet, and 245 assets, offering diversified real estate strategies across asset classes and geographies for institutional investors and family offices via funds, separate accounts, co-investments, and joint ventures.
• Tishman Speyer Real Estate Development Acquisition, ground-up development, and ownership of office, residential, life science, industrial, and mixed-use properties in 40+ key global markets, including build-to-suit solutions for marquee tenants and 50/50 co-development joint ventures with strategic partners.
• Studio by Tishman Speyer Flexible workspace platform operating more than 1.3 million square feet of business-class coworking, conference and event spaces, and move-in ready office suites within Tishman Speyer properties, with hospitality, technology, operations, and design services bundled in for SMEs, startups, and individuals.
• ZO Global Amenity Network Mobile app-based global amenity network providing Tishman Speyer tenants and members exclusive access to ZO Clubhouses, lounges, programming, services, and partner perks across 16+ global cities including Boston, New York, San Francisco, London, Paris, Frankfurt, Shanghai, and São Paulo.
• Breakthrough Properties 50/50 joint venture between Tishman Speyer and Bellco Capital developing, owning, and operating best-in-class life science research facilities with active developments in Boston, San Diego, Philadelphia, Boulder, Cambridge, Oxford, and Amsterdam, integrating a scientific advisory board and venture capital network for tenants.
• Tishman Speyer Client Solutions
• Tishman Speyer Construction Management
• TS Ventures

Quantifiable outcome

• $3.5 billion CMBS refinancing of Rockefeller Center — largest single-asset CMBS transaction for an office property in history
• +7 more outcomes

Named customers19 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature4 records

Partnerships

13 partnerships are on record, tiered flagship, minor and core.

• Harvard UniversityflagshipStrategic or Co-development Partner · 24 June 2026Strategic developer for Harvard's Enterprise Research Campus in Boston's Allston neighborhood. Tishman Speyer is developing OneMilestone lab building (510,000 sq ft) with Bellco Capital on Harvard-owned land, including the Atlas Hotel (246 rooms) and broader 14-acre campus vision. Co-development includes One Milestone life science facility, with Roche expanding to 100,000 sq ft.
• FreominorStrategic or Co-development Partner · 17 June 2026Co-acquirer with Tishman Speyer of a building on Bilbao street in Barcelona's 22@ innovation district for 65 million euros, as part of a resurgence in office transactions in the district.
• Newmark GroupcoreChannel Partner/ Reseller/ Distributor · 9 June 2026Brokered Brooklyn Defender Services' 212,000 sq ft, 31-year headquarters lease at Tishman Speyer's The Wheeler property in Downtown Brooklyn. Transaction brought The Wheeler to full occupancy.
• Ganesh Housing CorporationcoreStrategic or Co-development Partner · 17 May 2026Tishman Speyer is serving as project management partner for Ganesh Housing's Rs 15,000 crore Million Minds Tech City — an 18 million sq ft integrated IT SEZ on 65 acres in Ahmedabad, Gujarat, developed in seven phases over five years. First phase has nearly 800,000 sq ft leased to IBM, Tata Consultancy Services, Searce, Valtech, and Withum.
• Heimstaden ABcoreStrategic or Co-development Partner · 8 April 2026Heimstaden AB has agreed to divest its development asset in Greater Copenhagen to Tishman Speyer, with the sale expected to close in Q2 2027. The transaction is part of Heimstaden's deleveraging efforts and strengthens its cash position.
• Morgan Stanley and PrologisminorStrategic or Co-development Partner · 22 January 2026Co-investors with Tishman Speyer in acquiring industrial properties in Fremont, California, as part of a trend of increased investment in the area's advanced manufacturing sector driven by AI demand.
• Gencom and Argent VenturesminorStrategic or Co-development Partner · 15 December 2025Co-acquirers with Highgate of The InterContinental New York Times Square (607-key luxury hotel) in Midtown Manhattan. Eastdil Secured brokered both the sale and financing with Monroe Capital.
• NPS (National Pension Service of Korea)coreStrategic or Co-development Partner · 25 March 2025Joint venture partner for opening of new Tishman Speyer office in Jeonju, South Korea, supporting expansion into Korean multifamily and rental housing market.
• Bellco CapitalflagshipStrategic or Co-development Partner · 1 January 201950/50 joint venture 'Breakthrough Properties' formed in 2019 between Tishman Speyer and Bellco Capital to develop, own, and operate life science and innovation real estate. Combines Tishman Speyer's global real estate platform with Bellco Capital's life science founding and investing expertise. Active developments include Boston, San Diego, Philadelphia, Boulder, Cambridge, Oxford, and Amsterdam (e.g., One Helix fully leased to AstraZeneca, One Milestone at Harvard Enterprise Research Campus with Roche).
• San Francisco GiantsflagshipStrategic or Co-development Partner · 1 January 201750/50 development partnership for Mission Rock, San Francisco's largest mixed-use waterfront project. In 2017, the Giants selected Tishman Speyer as their partner to develop 2.7M gross sq ft across 11 buildings in four phases. At full build-out: 1.4M sq ft office/lab, 200,000 sq ft retail, 1,200 apartments (40% affordable), eight acres of parks. Phase one delivered 2023-2024 with Visa, residential towers, Studio, China Basin Park.
• New York YankeesflagshipStrategic or Co-development PartnerStrategic planning and development partnership for the Yankees' next-generation stadium, honoring the team's legacy while enhancing fan experience, expanding public space, and improving neighborhood transit.
• Architectural Digest (AD)minorGTM or Marketing PartnerStrategic partner for ZO global amenity network and Design-Space speaker series on design in the workplace
• Sweetgreen, Ritual, Commonwealth Joe, Ellevest, ColumbiaDoctors, Sofar, Exubrancy, Meter, Never Stop LearningminorGTM or Marketing PartnerStrategic partners for ZO global amenity network providing discounts, special offers, services, and perks to ZO members across Tishman Speyer properties

Scale indicators16 records

Recent moves9 records

Expansion highlights8 records

Direct peers

• Boston Properties: Publicly traded office REIT focused on premium Class A office and life science in Boston, NYC, San Francisco, DC, and other gateway markets. Direct peer on enterprise tenant relationships, trophy office assets, and life science expansion (similar to Breakthrough Properties).
• Vornado Realty Trust: Publicly traded NYC office REIT with concentrated Manhattan trophy-asset portfolio (including partial Rockefeller Center interest historically). Most direct overlap on NYC office strategy and tenant relationships, though structured as a public REIT versus Tishman Speyer's private LP model.
• Brookfield Asset Management: Global alternative asset manager with a real estate platform of comparable scale (>$250B real estate AUM) operating across office, multifamily, life science, industrial, and hospitality in gateway cities. Most direct competitor in the global, vertically integrated owner-operator model with institutional capital management.
• Hines: Privately held global real estate developer, owner, and investment manager founded in 1957. Operates a similar vertically integrated owner-operator platform with investment management, development, and asset management across similar asset classes and geographies. Closest private peer in business model and trophy-asset focus.
• SL Green Realty: Manhattan's largest office landlord, focused on Midtown and Downtown NYC trophy office assets. Direct peer on NYC office fundamentals, refinancing dynamics, and trophy-asset competition; comparable tenant base including financial services and enterprise headquarters.
• Kennedy Wilson: Global real estate investment and asset management platform with $27B AUM focused on multifamily, office, industrial, and life science in the US, UK, Ireland, Spain, and Italy. Comparable mid-sized private-style owner-operator pursuing similar institutional capital strategy in Europe and US.
• Blackstone Real Estate: World's largest real estate PE platform with $300B+ AUM pursuing similar institutional capital, trophy asset, and life science/industrial strategies. Direct competitor for global institutional mandates and large-scale developments in the same gateway cities.
• Related Companies: Privately held NYC-headquartered real estate developer with $60B+ in completed projects. Closely comparable as a private, family-influenced developer-operator focused on mixed-use, affordable/market-rate residential, and office in major US cities, including flagship Hudson Yards partnership.

Broad incumbents

• JLL (Jones Lang LaSalle): Global real estate services and investment management firm. Broader incumbent providing brokerage, property management, capital markets, and investment management — overlapping in third-party property management and institutional capital deployment but not a direct developer competitor.
• CBRE Group: World's largest commercial real estate services and investment firm. Adjacent as a broader incumbent in real estate services (brokerage, property management, investment sales) — competes for institutional capital and asset management mandates but is a service provider rather than a principal investor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tishman-speyer
• Instagraminstagram.com/tishmanspeyer
• Xx.com/tishmanspeyer
• Facebookfacebook.com/tishmanspeyer

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments40 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tishman Speyer