Savills Debuts US Retail Advisory Platform

November 4, 2025

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Todd Siegel will lead the new division, with a focus on urban core properties.

Savills has launched a U.S. Retail Advisory Services platform, to be led by Todd Siegel, as president, U.S. Retail.

L-R in the photo is Savills’ Corporate Managing Director Kimberly Wiskup, President of U.S. Retail Todd Siegel and Executive Managing Director Phillip Golding. Image courtesy of Savills

The mission for Siegel will include growing the retail advisory group across the country and collaborating with the Savills global retail team, in key markets across Canada, Europe, the Middle East and Asia, “operating as a boutique consultancy with an extensive international reach,” Savills stated.

Previously, Siegel has headed retail strategy and leasing for some of North America’s highest-profile tenants and properties, including flagship Eataly and Starbucks locations; Willis Tower and 730 and 980 North Michigan Ave. in Chicago; 1221 Avenue of the Americas in New York City; and 400 Post Street in Union Square, San Francisco.

Siegel is based in Chicago, where he is joined by longtime colleagues Executive Managing Director Phillip Golding and Corporate Managing Director Kimberly Wiskup. The three had previously advised clients as part of CBRE’s Urban Retail Group.

At Savills, they will focus on urban core, luxury and Class A high-street retail in premier markets, including New York City’s Fifth Avenue, Los Angeles’ Rodeo Drive and Chicago’s Magnificent Mile. The team represents decades of experience working with many of the world’s most prominent landlords, retailers and investors.

Siegel promised “a boutique-level attention backed by a global platform.”

Savills did not reply to Commercial Property Executive’s request for additional information.

Small spaces, big growth

U.S. luxury retail space openings surged in the first half of this year, growing by 65 percent year-over-year, the International Council of Shopping Centers reported in September, citing data from JLL. Those openings totaled about 227,000 square feet, and the largest share comprised locations of 2,000 square feet or less.

Three New York submarkets—Madison Avenue, Fifth Avenue and SoHo—took the top spots by submarket for luxury retail openings, from July 2024 to July 2025. The fourth and fifth slots were won by Miami’s Design District and the Beverly Hills Triangle.

Savills