Colliers International launches partnership with Upsuite

Services available today in Denver and Toronto; multi-market rollout planned for 2019

TORONTO, CANADA, February 25, 2019—Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ and TSX: CIGI) today announced its partnership with Upsuite, a free online marketplace for unique and flexible workspaces where users can easily find, compare, share and select coworking spaces.

Many coworking operators have not found an efficient way to attract qualified teams to their locations, with many organizations reporting vacancy rates of greater than 40% and average tenant turnover every 18 months. Upsuite’s technology platform drives speed, access and value for occupier clients prior to taking longer-term or larger workspaces.

By utilizing Upsuite’s platform, inventory data and services, Colliers professionals can quickly and easily secure the best and most appropriate flexible workspaces in their respective markets for clients at competitive prices. This new partnership stems from the success of the Colliers Proptech Accelerator Powered by Techstars, a program born from the idea that advancements in technology and data can enable experts to deliver smarter, more personalized services that can help make a difference. 

“We were honored to be a part of the accelerator’s Class of 2018 and are thrilled to be partnering with Colliers to provide added value and services to their clients and professionals,” said Ben Wright, Founder and CEO of Upsuite. “This partnership is a testament to Colliers’ commitment to advancing proptech innovations, as well as their focus on providing best-in-class solutions in the real estate industry.”

Founded in Denver, the Upsuite team expanded operations to Toronto during the accelerator program and has plans for a multi-market North American rollout in 2019. 

“By targeting innovation through the resources of the proptech accelerator program, we are able to create solutions, shape technologies and find opportunities that will advance our business and the industry—our partnership with Upsuite being one of them,” said Gil Borok, Colliers Chief Operating Officer | U.S. Operations. “I look forward to our continued efforts in uncovering and shaping enterprising solutions for the commercial real estate industry, providing a competitive advantage for Colliers’ clients and employees alike.”

About Colliers International Group Inc.

Colliers International Group Inc. (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success at corporate.colliers.com/en, Twitter (@Colliers) and LinkedIn.