CBRE GROUP, INC. (CBRE)

CBRE is the world's largest commercial real estate services and investments firm, based on 2025 revenue. It offers integrated solutions to real estate investors and occupiers in more than 100 countries, helping clients optimize real estate costs, value, investment returns and workplace experiences. It supports this with a knowledge platform covering research, data, technology and strategy. Its growth strategy targets four dimensions: geographies, clients, property types and services. It has expanded through acquisitions including Turner & Townsend, J&J Worldwide Services (now CBRE Government & Defense Services), Direct Line Global, Industrious and Pearce Services.

The company reports through four segments plus a Corporate and other segment. Advisory Services covers leasing, capital markets (property sales and mortgage origination), loan servicing and valuation across offices, industrial and logistics, retail, multi-family and critical facilities such as data centers, laboratories and government facilities. Building Operations & Experience, established in 2025, combines enterprise and local facilities management, property management, digital infrastructure services for data centers, and flexible workplace solutions through Industrious, which has more than 250 locations in over 80 cities. Project Management delivers program management, project management and cost consultancy through Turner & Townsend, of which CBRE owns 70% following a January 2025 merger with its own project management business. Real Estate Investments includes CBRE Investment Management, with $155.5 billion in assets under management at December 31, 2025, and the Trammell Crow Company development business, with an in-process portfolio and pipeline of over $29.5 billion. The Corporate and other segment holds platform costs not allocated to the client-facing segments, along with non-core, non-controlling equity investments.

Its clients included nearly 90% of the Fortune 100 in 2025 and many of the world's largest institutional real estate investors. Customers range from large occupiers and investors that contract across multi-market portfolios to local clients served on a one-off basis. Enterprise facilities management typically serves large global corporations through multi-year contracts. Investment Management invests on behalf of pension funds, insurance companies, sovereign wealth funds and other institutional investors. Project work spans advanced manufacturing plants, data centers, airports and power stations. The company notes tailwinds from clients outsourcing and consolidating real estate services.

CBRE competes with a handful of globally diversified real estate services firms that are smaller than it, and with many specialists focused on particular geographies or business lines. It performs technical building services such as HVAC, electrical and plumbing largely itself, and often subcontracts soft services such as janitorial, security and landscaping. At December 31, 2025, it had more than 155,000 employees, including Turner & Townsend, and about 61% of CBRE employees, excluding Turner & Townsend, had costs reimbursed by clients, mainly in Building Operations & Experience. It holds trademarks including CBRE, Turner & Townsend and Trammell Crow Company, the last under a license, and has patent applications related to proprietary technology.