From The Real Deal · Mike Romano · · 1m 30s
Ryan Serhant expands nationwide
Ryan Serhant opens Chicago offices and grows his real estate empire.
In brief
Ryan Serhant opens Chicago offices and grows his real estate empire. Ryan Serhant has opened two Chicago offices and recruited 40 agents who closed over $600 million in sales. Originally reported by The Real Deal.
Ryan Serhant's expansion
Ryan Serhant has built one of New York’s most recognizable independent brokerages after six years.
Chicago offices open
Serhant opened two Chicago offices this month serving the city and North Shore.
40 agents recruited
Serhant’s 40 new recruits reportedly represent over $600 million in sales volume over the past year.
Agents leave big firms
Serhant pulled agents from Chicago’s biggest names including Jameson Sotheby’s International Realty and @properties Christie’s.
Market dominance
@properties, Compass, Coldwell Banker Realty and Jameson Sotheby’s combined for roughly $18 billion in 2.025 sales volume.
Commission clawbacks
Former agents reported aggressive commission clawbacks and refusal to release listings from departing firms.
California expansion
Serhant entered California with four offices and closed more than $2 billion in deals in the previous year.
Texas offices open
Serhant opened four offices across Houston, Dallas, Austin and San Antonio with a team that sold nearly $1.5 billion.
Florida projects
Serhant won leasing for Aimco’s FiveSixty Waterfront Residences + Club in Miami with asking rents starting at $15,000.
38 offices nationwide
Serhant now has 38 offices across 17 states with Chicago filling a conspicuous hole in the map.
What matters most
Ryan Serhant has opened two Chicago offices and recruited 40 agents who closed over $600 million in sales.
