CBRE (CBRE) 10-Q 9 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 03, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	001-32205
Entity Registrant Name	CBRE GROUP, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-3391143
Entity Address, Address Line One	2100 McKinney Avenue
Entity Address, Address Line Two	Suite 1250
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75201
City Area Code	214
Local Phone Number	979-6100
Title of 12(b) Security	Class A Common Stock, $0.01 par value per share
Trading Symbol	“CBRE”
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		326,860,554
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001138118
Current Fiscal Year End Date	--12-31

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 1,657,336	$ 2,430,951
Restricted cash	135,293	108,830
Receivables, less allowance for doubtful accounts of $93,667 and $97,588 at March 31, 2022 and December 31, 2021, respectively	5,073,224	5,150,473
Warehouse receivables	1,194,800	1,303,717
Prepaid expenses	333,672	333,885
Contract assets	352,064	338,749
Income taxes receivable	43,758	44,104
Other current assets	543,400	371,656
Total Current Assets	9,333,547	10,082,365
Property and equipment, net of accumulated depreciation and amortization of $1,330,999 and $1,288,509 at March 31, 2022 and December 31, 2021, respectively	792,735	816,092
Goodwill	4,977,082	4,995,175
Other intangible assets, net of accumulated amortization of $1,741,193 and $1,725,280 at March 31, 2022 and December 31, 2021, respectively	2,338,548	2,409,427
Operating lease assets	1,030,391	1,046,377
Investments in unconsolidated subsidiaries (with $713,871 and $813,031 at fair value at March 31, 2022 and December 31, 2021, respectively)	1,124,339	1,196,088
Non-current contract assets	134,324	135,626
Real estate under development	361,852	326,416
Non-current income taxes receivable	37,907	33,150
Deferred tax assets, net	142,748	157,032
Other assets, net	869,679	875,743
Total Assets	21,143,152	22,073,491
Current Liabilities:
Accounts payable and accrued expenses	2,881,910	2,916,331
Compensation and employee benefits payable	1,579,118	1,539,291
Accrued bonus and profit sharing	906,343	1,694,590
Operating lease liabilities	220,730	232,423
Contract liabilities	295,642	280,659
Income taxes payable	268,823	246,035
Short-term borrowings:
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)	1,172,125	1,277,451
Revolving credit facility	210,000	0
Other short-term borrowings	30,826	32,668
Total short-term borrowings	1,412,951	1,310,119
Other current liabilities	224,327	199,421
Total Current Liabilities	7,789,844	8,418,869
Long-term debt, net of current maturities	1,526,212	1,538,123
Non-current operating lease liabilities	1,104,812	1,116,562
Non-current tax liabilities	124,348	144,884
Non-current income taxes payable	54,761	54,761
Deferred tax liabilities, net	310,104	405,258
Other liabilities	950,246	1,035,917
Total Liabilities	11,860,327	12,714,374
Commitments and contingencies	0	0
CBRE Group, Inc. Stockholders’ Equity:
Class A common stock; $0.01 par value; 525,000,000 shares authorized; 329,555,402 and 332,875,959 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	3,296	3,329
Additional paid-in capital	409,187	798,892
Accumulated earnings	8,758,928	8,366,631
Accumulated other comprehensive loss	(701,440)	(640,659)
Total CBRE Group, Inc. Stockholders’ Equity	8,469,971	8,528,193
Non-controlling interests	812,854	830,924
Total Equity	9,282,825	9,359,117
Total Liabilities and Equity	$ 21,143,152	$ 22,073,491

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current Assets:
Receivables, allowance for doubtful accounts	$ 93,667	$ 97,588
Accumulated depreciation and amortization	1,330,999	1,288,509
Other intangible assets, accumulated amortization	1,741,193	1,725,280
Investments in unconsolidated subsidiaries, fair value	$ 713,871	$ 813,031
CBRE Group, Inc. Stockholders’ Equity:
Class A common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Class A common stock, shares authorized (in shares)	525,000,000	525,000,000
Class A common stock, shares issued (in shares)	329,555,402	332,875,959
Class A common stock, shares outstanding (in shares)	329,555,402	332,875,959

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Revenue	$ 7,332,933	$ 5,938,879
Costs and expenses:
Cost of revenue	5,752,194	4,719,546
Operating, administrative and other	1,065,996	828,327
Depreciation and amortization	149,032	122,078
Asset impairments	10,351	0
Total costs and expenses	6,977,573	5,669,951
Gain on disposition of real estate	21,592	156
Operating income	376,952	269,084
Equity income from unconsolidated subsidiaries	42,871	83,594
Other (loss) income	(14,464)	2,732
Interest expense, net of interest income	12,826	10,106
Income before (benefit from) provision for income taxes	392,533	345,304
(Benefit from) provision for income taxes	(3,738)	76,327
Net income	396,271	268,977
Less: Net income attributable to non-controlling interests	3,974	2,775
Net income attributable to CBRE Group, Inc.	$ 392,297	$ 266,202
Basic income per share:
Net income per share attributable to CBRE Group, Inc. (in dollars per share)	$ 1.18	$ 0.79
Weighted average shares outstanding for basic income per share (in shares)	331,925,104	335,860,494
Diluted income per share:
Net income per share attributable to CBRE Group, Inc. (in dollars per share)	$ 1.16	$ 0.78
Weighted average shares outstanding for diluted income per share (in shares)	337,140,325	339,580,504

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 396,271	$ 268,977
Other comprehensive loss:
Foreign currency translation loss	(81,285)	(52,346)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax	108	107
Unrealized holding losses on available for sale debt securities, net of tax	(1,731)	(678)
Other, net	100	0
Total other comprehensive loss	(82,808)	(52,917)
Comprehensive income	313,463	216,060
Less: Comprehensive (loss) income attributable to non-controlling interests	(18,053)	2,667
Comprehensive income attributable to CBRE Group, Inc.	$ 331,516	$ 213,393

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 396,271	$ 268,977
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	149,032	122,078
Amortization of financing costs	1,663	1,609
Gains related to mortgage servicing rights, premiums on loan sales and sales of other assets	(28,422)	(72,045)
Asset impairments	10,351	0
Net realized and unrealized losses (gains), primarily from investments	16,690	(2,732)
Provision for doubtful accounts	3,303	731
Net compensation expense for equity awards	36,863	35,786
Equity income from unconsolidated subsidiaries	(42,871)	(83,594)
Distribution of earnings from unconsolidated subsidiaries	146,743	32,986
Proceeds from sale of mortgage loans	3,336,084	4,643,685
Origination of mortgage loans	(3,221,312)	(3,909,261)
Decrease in warehouse lines of credit	(105,326)	(708,491)
Tenant concessions received	2,114	1,578
Purchase of equity securities	(8,902)	(2,398)
Proceeds from sale of equity securities	20,750	3,017
Increase in real estate under development	(41,358)	(15,901)
(Increase) decrease in receivables, prepaid expenses and other assets (including contract and lease assets)	(156,061)	161,221
Decrease in accounts payable and accrued expenses and other liabilities (including contract and lease liabilities)	(108,355)	(245,522)
Decrease in compensation and employee benefits payable and accrued bonus and profit sharing	(725,216)	(469,213)
Decrease in net income taxes receivable/payable	17,722	41,660
Other operating activities, net	(93,270)	2,381
Net cash used in operating activities	(393,507)	(193,448)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(42,056)	(29,597)
Acquisition of businesses, including net assets acquired and goodwill, net of cash acquired	(16,792)	(2,726)
Contributions to unconsolidated subsidiaries	(44,387)	(168,392)
Distributions from unconsolidated subsidiaries	12,101	6,795
Other investing activities, net	(4,487)	16
Net cash used in investing activities	(95,621)	(193,904)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from revolving credit facility	210,000	0
Proceeds from notes payable on real estate	19,368	23,737
Repayment of notes payable on real estate	(13,954)	0
Proceeds from issuance of 2.500% senior notes	0	492,255
Repurchase of common stock	(367,863)	(61,108)
Acquisition of businesses (cash paid for acquisitions more than three months after purchase date)	(13,556)	(512)
Units repurchased for payment of taxes on equity awards	(31,395)	(34,883)
Non-controlling interest contributions	210	72
Non-controlling interest distributions	(213)	(2,652)
Other financing activities, net	(11,606)	(14,943)
Net cash (used in) provided by financing activities	(209,009)	401,966
Effect of currency exchange rate changes on cash and cash equivalents and restricted cash	(49,015)	(52,154)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(747,152)	(37,540)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT BEGINNING OF PERIOD	2,539,781	2,039,247
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, AT END OF PERIOD	1,792,629	2,001,707
Cash paid during the period for:
Interest	12,826	15,080
Income tax payments, net	$ 88,649	$ 38,508

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical)	Mar. 31, 2022	Mar. 18, 2021
2.5% Senior Notes | Senior Notes
Interest rate	2.50%	2.50%

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Class A common stock	Additional paid-in capital	Accumulated earnings	Accumulated other comprehensive loss	Non- controlling interests
Beginning balance at Dec. 31, 2020	$ 7,120,087	$ 3,356	$ 1,074,639	$ 6,530,057	$ (529,726)	$ 41,761
Net income	268,977			266,202		2,775
Net compensation expense for equity awards	35,786		35,786
Units repurchased for payment of taxes on equity awards	(34,883)		(34,883)
Repurchase of common stock	(64,142)	(8)	(64,134)
Foreign currency translation loss	(52,346)				(52,238)	(108)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax	107				107
Unrealized holding losses on available for sale debt securities, net of tax	(678)				(678)
Contributions from non-controlling interests	72					72
Distributions to non-controlling interests	(2,652)					(2,652)
Other	1,056	11	1,879			(834)
Ending balance at Mar. 31, 2021	7,271,384	3,359	1,013,287	6,796,259	(582,535)	41,014
Beginning balance at Dec. 31, 2020	7,120,087	3,356	1,074,639	6,530,057	(529,726)	41,761
Ending balance at Dec. 31, 2021	9,359,117	3,329	798,892	8,366,631	(640,659)	830,924
Net income	396,271			392,297		3,974
Net compensation expense for equity awards	36,863		36,863
Units repurchased for payment of taxes on equity awards	(31,395)		(31,395)
Repurchase of common stock	(390,863)	(42)	(390,821)
Foreign currency translation loss	(81,285)				(59,258)	(22,027)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax	108				108
Unrealized holding losses on available for sale debt securities, net of tax	(1,731)				(1,731)
Contributions from non-controlling interests	210					210
Distributions to non-controlling interests	(213)					(213)
Other	(4,257)	9	(4,352)		100	(14)
Ending balance at Mar. 31, 2022	$ 9,282,825	$ 3,296	$ 409,187	$ 8,758,928	$ (701,440)	$ 812,854

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation Readers of this Quarterly Report on Form 10-Q (Quarterly Report) should refer to the audited financial statements and notes to consolidated financial statements of CBRE Group, Inc., a Delaware corporation (which may be referred to in these financial statements as “the company,” “we,” “us” and “our”), for the year ended December 31, 2021, which are included in our 2021 Annual Report on Form 10-K (2021 Annual Report) , filed with the United States Securities and Exchange Commission (SEC) and also available on our website (www.cbre.com), since we have omitted from this Quarterly Report certain footnote disclosures which would substantially duplicate those contained in such audited financial statements. You should also refer to Note 2, Significant Accounting Policies, in the notes to consolidated financial statements in our 2021 Annual Report for further discussion of our significant accounting policies and estimates. Considerations Related to the Covid-19 Pandemic and the war in Ukraine From 2010 to early 2020, commercial real estate markets had generally been characterized by increased demand for space, falling vacancies, higher rents and strong capital flows, leading to solid property sales and leasing activity. This healthy backdrop changed abruptly in the first quarter of 2020 with the emergence of the novel coronavirus (Covid-19) and resultant sharp contraction of economic activity across much of the world. There was a significant impact on commercial real estate markets, as many property owners and occupiers put transactions on hold and withdrew existing mandates, sharply reducing sales and leasing volumes. Subsequently commercial real estate markets recovered strongly beginning in 2021 and continuing into the first quarter of 2022. However, it is expected the pandemic has structurally changed the utilization of many types of commercial real estate, which is likely to impact our business. In addition, Russia’s invasion of Ukraine on February 24, 2022 and the ongoing military conflict poses heightened risk, particularly for our operations in central and eastern Europe, and could exacerbate macro-economic challenges, including supply chain disruptions and persistently high inflation, as well as adversely affect business and/or consumer sentiment and overall economic growth. As a result of this conflict, we elected to exit most of our business in Russia, although we have a limited number of employees managing facilities for existing global clients that continue to operate there. See Note 10 (Commitments and Contingencies) for further discussion of Covid-19 considerations. Financial Statement Preparation The accompanying consolidated financial statements have been prepared in accordance with the rules applicable to quarterly reports on Form 10-Q and include all information and footnotes required for interim financial statement presentation, but do not include all disclosures required under accounting principles generally accepted in the United States (U.S.), or General Accepted Accounting Principles (GAAP), for annual financial statements. In our opinion, all adjustments (consisting of normal recurring adjustments, except as otherwise noted) considered necessary for a fair presentation have been included. The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions about future events, including the impact Covid-19 and the war in Ukraine may have on our business. These estimates and the underlying assumptions affect the reported amounts of assets, liabilities, revenues and expenses. Such estimates include the value of goodwill, intangibles and other long-lived assets, real estate assets, accounts receivable, contract assets, operating lease assets, investments in unconsolidated subsidiaries and assumptions used in the calculation of income taxes, retirement and other post-employment benefits, among others. These estimates and assumptions are based on our best judgment. We evaluate our estimates and assumptions on an ongoing basis using historical experience and other factors, including consideration of the current economic environment, and adjust such estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in these estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods.

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Recently Adopted Accounting Pronouncements In July 2021, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2021-05, “Leases (Topic 842): Lessors-Certain Leases with Variable Lease Payments (Topic 842).” The ASU amends the lease classification requirements for lessors to align them with practice under Topic 840. Lessors should classify and account for a lease with variable lease payments that do not depend on a reference index or a rate as an operating lease if certain criteria are met. This guidance is effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. We adopted ASU 2021-05 in the first quarter of 2022 and the adoption did not have a material impact on our consolidated financial statements and related disclosures. In November 2021, the FASB issued ASU 2021-10, “Disclosures by Business Entities about Government Assistance.” This ASU requires annual disclosures that increase the transparency of transactions with a government accounted for by applying a grant or contribution accounting model by analogy, including (1) the types of transactions, (2) the accounting for those transactions, and (3) the effect of those transactions on an entity’s financial statements. This ASU is effective for fiscal years beginning after December 15, 2021. The amendments should be applied either (1) prospectively to all transactions within the scope of the amendments that are reflected in financial statements at the date of initial application and new transactions that are entered into after the date of initial application or (2) retrospectively to those transactions. We adopted ASU 2021-10 prospectively in the first quarter of 2022 and do not expect it to have a material impact on our annual disclosures. Recent Accounting Pronouncements Pending Adoption In March 2020 and January 2021, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-04, “ Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ” and ASU 2021-01, “ Reference Rate Reform: Scope, ” respectively. Together, the ASUs provide temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. This guidance is effective for a limited time for all entities through December 31, 2022. We are evaluating the effect that this guidance will have on our consolidated financial statements and related disclosures. In October 2021, the FASB issued ASU 2021-08, “ Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. ” This ASU requires that an acquirer entity in a business combination recognize and measure contract assets and liabilities acquired in a business combination at the acquisition date in accordance with Topic 606 as if the acquirer entity had originated the contracts. This ASU is effective for fiscal years beginning after December 15, 2022, and interim periods within those years. Early application of the amendments is permitted but should be applied to all acquisitions occurring in the annual period of adoption. The amendment should be applied prospectively to business combinations occurring on or after the effective date of the amendments. We are evaluating the effect that ASU 2021-08 will have on our consolidated financial statements and related disclosures, but do not expect it to have a material impact. In March 2022, the FASB issued ASU 2022-01, " Derivatives and Hedging (Topic 815): Fair Value Hedging - Portfolio Layer Method. " This ASU allows nonprepayable financial assets to be included in a closed portfolio hedged using the portfolio layer method. The expanded scope permits an entity to apply the same portfolio hedging method to both prepayable and nonprepayable financial assets, thereby allowing consistent accounting for similar hedges. This guidance is effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. We are evaluating the effect that this guidance will have on our consolidated financial statements and related disclosures, but do not expect it to have a material impact. In March 2022, the FASB issued ASU 2022-02, " Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructuring and Vintage Disclosures. " This ASU eliminates the accounting guidance for Troubled Debt Restructuring by creditors in 310-40 and enhances disclosure requirements for certain loan refinancings and restrucuturings by creditors when a borrower is experiencing financial difficulty. Additionally, this ASU requires entities to disclose current-period gross writeoffs by year of origination for financing receivables and net investments in leases within the scope of ASC 326-20. This guidance is effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. We are evaluating the effect that this guidance will have on our consolidated financial statements and related disclosures, but do not expect it to have a material impact.

Turner & Townsend Acquisition

Turner & Townsend Acquisition	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Turner & Townsend Acquisition	Turner & Townsend AcquisitionOn November 1, 2021, we acquired a 60% ownership interest in, and entered into a strategic partnership with Turner & Townsend Holdings Limited (Turner & Townsend). Turner & Townsend is a leading professional services company specializing in program management, project management, cost and commercial management and advisory services across the real estate, infrastructure and natural resources sectors, and is reported in our Global Workplace Solutions segment. The Turner & Townsend acquisition was funded with cash on hand. The preliminary purchase accounting has been recorded in the accompanying consolidated financial statements (with no changes in the first quarter of 2022). The excess purchase price over the fair value of net assets acquired and non-controlling interest has been recorded to goodwill. The goodwill arising from the Turner & Townsend acquisition consists largely of the synergies and opportunities to deliver a premier project, program and cost management services. The goodwill recorded in connection with the Turner & Townsend acquisition was not deductible for tax purposes. The purchase price allocation for the business combination is preliminary, primarily for intangibles, and subject to change within the respective measurement period which will not extend beyond one year from the acquisition date.

Warehouse Receivables & Warehou

Warehouse Receivables & Warehouse Lines of Credit	3 Months Ended
	Mar. 31, 2022
Warehouse Receivables And Warehouse Lines Of Credit [Abstract]
Warehouse Receivables & Warehouse Lines of Credit	Warehouse Receivables & Warehouse Lines of Credit Our wholly-owned subsidiary CBRE Capital Markets, Inc. (CBRE Capital Markets) is a Federal Home Loan Mortgage Corporation (Freddie Mac) approved Multifamily Program Plus Seller/Servicer and an approved Federal National Mortgage Association (Fannie Mae) Aggregation and Negotiated Transaction Seller/Servicer. In addition, CBRE Capital Markets’ wholly-owned subsidiary CBRE Multifamily Capital, Inc. (CBRE MCI) is an approved Fannie Mae Delegated Underwriting and Servicing (DUS) Seller/Servicer and CBRE Capital Markets’ wholly-owned subsidiary CBRE HMF, Inc. (CBRE HMF) is a U.S. Department of Housing and Urban Development (HUD) approved Non-Supervised Federal Housing Authority (FHA) Title II Mortgagee, an approved Multifamily Accelerated Processing (MAP) lender and an approved Government National Mortgage Association (Ginnie Mae) issuer of mortgage-backed securities (MBS). Under these arrangements, before loans are originated through proceeds from warehouse lines of credit, we obtain either a contractual loan purchase commitment from either Freddie Mac or Fannie Mae or a confirmed forward trade commitment for the issuance and purchase of a Fannie Mae or Ginnie Mae MBS that will be secured by the loans. The warehouse lines of credit are generally repaid within a one-month period when Freddie Mac or Fannie Mae buys the loans or upon settlement of the Fannie Mae or Ginnie Mae MBS, while we retain the servicing rights. Loans are funded at the prevailing market rates. We elect the fair value option for all warehouse receivables. At March 31, 2022 and December 31, 2021, all of the warehouse receivables included in the accompanying consolidated balance sheets were either under commitment to be purchased by Freddie Mac or had confirmed forward trade commitments for the issuance and purchase of Fannie Mae or Ginnie Mae mortgage-backed securities that will be secured by the underlying loans. A rollforward of our warehouse receivables is as follows (dollars in thousands): Beginning balance at December 31, 2021 $ 1,303,717 Origination of mortgage loans 3,221,312 Gains (premiums on loan sales) 8,134 Proceeds from sale of mortgage loans: Sale of mortgage loans (3,327,950) Cash collections of premiums on loan sales (8,134) Proceeds from sale of mortgage loans (3,336,084) Net decrease in mortgage servicing rights included in warehouse receivables (2,279) Ending balance at March 31, 2022 $ 1,194,800 The following table is a summary of our warehouse lines of credit in place as of March 31, 2022 and December 31, 2021 (dollars in thousands): March 31, 2022 December 31, 2021 Lender Current Pricing Maximum Carrying Maximum Carrying JP Morgan Chase Bank, N.A. (JP Morgan) (1) 10/17/2022 daily floating rate SOFR rate plus 1.60%, with a SOFR adjustment rate of 0.05% $ 1,335,000 $ 840,732 $ 1,335,000 $ 742,124 JP Morgan 10/17/2022 daily floating rate SOFR rate plus 2.75%, with a SOFR adjustment rate of 0.05% 15,000 7,519 15,000 4,326 Fannie Mae Multifamily As Soon As Pooled Plus Agreement and Multifamily As Soon As Pooled Sale Agreement (ASAP) Program (2) Cancelable daily one-month LIBOR plus 1.45%, with a LIBOR floor of 0.25% 650,000 109,961 650,000 133,084 TD Bank, N.A. (TD Bank) (3) 7/15/2022 daily floating rate LIBOR plus 1.30% 800,000 85,873 800,000 217,672 Bank of America, N.A. (BofA) (4) 5/25/2022 daily floating rate SOFR rate plus 1.30%, with a SOFR adjustment rate of 0.11% 350,000 93,446 350,000 178,600 BofA (5) 5/25/2022 daily floating rate SOFR rate 1.30%, with a SOFR adjustment rate of 0.11% 250,000 — 250,000 — MUFG Union Bank, N.A. (Union Bank) (6) 6/28/2022 daily floating rate LIBOR plus 1.30% 200,000 34,594 200,000 1,645 $ 3,600,000 $ 1,172,125 $ 3,600,000 $ 1,277,451 _______________________________ (1) Effective October 18, 2021, this facility was renewed and amended and the maximum facility size was increased to $1,335.0 million. This facility has a revised maturity date of October 17, 2022 and a revised interest rate to a Secured Overnight Finance Rate (SOFR) term plus 1.60%, with a SOFR adjustment rate of 0.05%, noting the Business Lending sublimit has a revised interest rate of daily adjusted term SOFR plus 2.75%, with a SOFR adjustment rate of 0.05%. (2) Effective January 15, 2021, the maximum facility was increased to $650.0 million. (3) Effective July 1, 2020, this facility was amended and provides for a maximum aggregate principal amount of $400.0 million, in addition to an uncommitted $400.0 million temporary line of credit. Effective June 28, 2021, this facility was renewed with a revised interest rate of daily floating rate LIBOR plus 1.30% and a maturity date of July 15, 2022. As of March 31, 2022, the uncommitted $400.0 million temporary line of credit was not utilized. (4) The total commitment amount of $350.0 million includes a separate sublimit borrowing in the amount of $100.0 million, which can be utilized for specific purposes as defined within the agreement. Effective June 30, 2021, this facility was renewed with a revised interest rate of daily floating LIBOR plus 1.30% and a maturity date of May 25, 2022. The sublimit is subject to an interest rate of daily floating LIBOR plus 1.75%, with a LIBOR floor of 0.75%. Effective January 1, 2022, daily floating rate LIBOR was replaced with daily floating rate SOFR, with an adjustment rate of 0.11%. As of March 31, 2022, the sublimit borrowing has not been utilized. (5) Effective June 30, 2021, the advised consent line was renewed for $250.0 million of capacity with a revised interest rate of daily floating SOFR plus 1.30%, with a SOFR adjustment rate of 0.11%, and a maturity date of May 25, 2022. (6) Effective June 28, 2021, this facility was renewed with a revised interest rate of daily floating rate LIBOR plus 1.30%, removing the LIBOR floor, and a maturity date of June 28, 2022. During the three months ended March 31, 2022, we had a maximum of $1.5 billion of warehouse lines of credit principal outstanding.

Variable Interest Entities (VIE

Variable Interest Entities (VIEs)	3 Months Ended
	Mar. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Variable Interest Entities (VIEs)	Variable Interest Entities (VIEs) We hold variable interests in certain VIEs primarily in our Real Estate Investments segment which are not consolidated as it was determined that we are not the primary beneficiary. Our involvement with these entities is in the form of equity co-investments and fee arrangements. As of March 31, 2022 and December 31, 2021, our maximum exposure to loss related to VIEs which are not consolidated was as follows (dollars in thousands): March 31, December 31, Investments in unconsolidated subsidiaries $ 105,169 $ 109,530 Other current assets — 4,219 Co-investment commitments 87,156 90,328 Maximum exposure to loss $ 192,325 $ 204,077

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Topic 820 of the FASB ASC defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Topic 820 also establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: • Level 1 – Quoted prices in active markets for identical assets or liabilities. • Level 2 – Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. There have been no significant changes to the valuation techniques and inputs used to develop the recurring fair value measurements from those disclosed in our 202 1 Annual Report . The following tables present the fair value of assets and liabilities measured at fair value on a recurring basis as of March 31, 2022 and December 31, 2021 (dollars in thousands): As of March 31, 2022 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale securities: Debt securities: U.S. treasury securities $ 6,832 $ — $ — $ 6,832 Debt securities issued by U.S. federal agencies — 10,146 — 10,146 Corporate debt securities — 47,806 — 47,806 Asset-backed securities — 3,193 — 3,193 Collateralized mortgage obligations — 592 — 592 Total available for sale debt securities 6,832 61,737 — 68,569 Equity securities 42,488 — — 42,488 Investments in unconsolidated subsidiaries 163,460 14,965 367,855 546,280 Warehouse receivables — 1,194,800 — 1,194,800 Total assets at fair value $ 212,780 $ 1,271,502 $ 367,855 $ 1,852,137 Liabilities Other liabilities — — 1,322 1,322 Total liabilities at fair value $ — $ — $ 1,322 $ 1,322 As of December 31, 2021 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale securities: Debt securities: U.S. treasury securities $ 7,002 $ — $ — $ 7,002 Debt securities issued by U.S. federal agencies — 9,276 — 9,276 Corporate debt securities — 50,897 — 50,897 Asset-backed securities — 3,428 — 3,428 Collateralized mortgage obligations — 725 — 725 Total available for sale debt securities 7,002 64,326 — 71,328 Equity securities 69,880 — — 69,880 Investments in unconsolidated subsidiaries 229,900 23,741 406,690 660,331 Warehouse receivables — 1,303,717 — 1,303,717 Total assets at fair value $ 306,782 $ 1,391,784 $ 406,690 $ 2,105,256 Liabilities Other liabilities — — 10,700 10,700 Total liabilities at fair value $ — $ — $ 10,700 $ 10,700 Fair value measurements for our available for sale debt securities are obtained from independent pricing services which utilize observable market data that may include quoted market prices, dealer quotes, market spreads, cash flows, the U.S. treasury yield curve, trading levels, market consensus prepayment speeds, credit information and the instrument's terms and conditions. The equity securities are generally valued at the last reported sales price on the day of valuation or, if no sales occurred on the valuation date, at the mean of the bid and ask prices on such date. The fair values of the warehouse receivables are primarily calculated based on already locked in purchase prices. At March 31, 2022 and December 31, 2021, all of the warehouse receivables included in the accompanying consolidated balance sheets were either under commitment to be purchased by Freddie Mac or had confirmed forward trade commitments for the issuance and purchase of Fannie Mae or Ginnie Mae mortgage backed securities that will be secured by the underlying loans (See Note 4). These assets are classified as Level 2 in the fair value hierarchy as a substantial majority of inputs are readily observable. As of March 31, 2022 and December 31, 2021, investments in unconsolidated subsidiaries at fair value using NAV were $167.6 million and $152.7 million, respectively. These investments fall under practical expedient rules that do not require them to be included in the fair value hierarchy and as a result have been excluded from the tables above. The tables below present a reconciliation for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (dollars in thousands): Investment in Unconsolidated Subsidiaries Other liabilities Balance as of December 31, 2021 $ 406,690 $ 10,700 Transfer in — — Net change in fair value (38,835) — Purchases/ Additions — (9,378) Balance as of March 31, 2022 $ 367,855 $ 1,322 Net change in fair value, included in the table above, is reported in Net income as follows: Category of Assets/Liabilities using Unobservable Inputs Consolidated Statements of Operations Investments in unconsolidated subsidiaries Equity income from unconsolidated subsidiaries Other liabilities Other income The table below presents information about the significant unobservable inputs used for recurring fair value measurements for certain Level 3 instruments: Valuation Technique Unobservable Input Range Investment in unconsolidated subsidiaries Discounted cash flow Discount rate 14% - 25% Monte Carlo Volatility 69 % Risk free interest rate 2.4 % Other liabilities Discounted cash flow Discount rate 25.0 % During the three months ended March 31, 2022, the company exited its Advisory Services business in Russia in response to the Ukraine conflict. We recorded $10.4 million in non-cash asset impairment charges (primarily comprised of receivables), on a pretax basis, related to the expected disposal of the net assets and anticipated release of non-cash cumulative foreign currency translation losses associated with the disposal group. There were no significant non-recurring fair value measurements recorded during the three months ended March 31, 2022 and 2021. FASB ASC Topic 825, “Financial Instruments” requires disclosure of fair value information about financial instruments, whether or not recognized in the accompanying consolidated balance sheets. Our financial instruments are as follows: • Cash and Cash Equivalents and Restricted Cash – These balances include cash and cash equivalents as well as restricted cash with maturities of less than three months. The carrying amount approximates fair value due to the short-term maturities of these instruments. • Receivables, less Allowance for Doubtful Accounts – Due to their short-term nature, fair value approximates carrying value. • Warehouse Receivables – These balances are carried at fair value. The primary source of value is either a contractual purchase commitment from Freddie Mac or a confirmed forward trade commitment for the issuance and purchase of a Fannie Mae or Ginnie Mae MBS (see Note 4). • Investments in Unconsolidated Subsidiaries – A portion of these investments are carried at fair value as discussed above. It includes our equity investment and related interests in both public and non-public entities. Our ownership of common shares in Altus Power Inc. (Altus) is considered level 1 and is measured at fair value using a quoted price in an active market. Private placement warrants related to Altus are considered level 2 and measured at fair value using observable inputs for similar assets in an active market. Our ownership of alignment shares of Altus and our investment in Industrious and certain other non-controlling equity investments are considered level 3 which are measured at fair value using a Monte Carlo and a discounted cash flow approach, respectively. The valuation of Altus’ common shares, private placement warrants and alignment shares are dependent on its stock price which could be volatile and subject to wide fluctuations in response to various market conditions. • Available for Sale Debt Securities – Primarily held by our wholly-owned captive insurance company, these investments are carried at their fair value. • Equity Securities – Primarily held by our wholly-owned captive insurance company, these investments are carried at their fair value. • Other liabilities - Represents the net fair value of the commitment related to a revolving facility in our Advisory Services segment. Valuations are based on discounted cash flow techniques, for which the significant inputs are the amount and timing of expected future cash flows, market comparables and recovery assumptions. • Short-Term Borrowings – The majority of this balance represents outstanding amounts under our warehouse lines of credit of our wholly-owned subsidiary, CBRE Capital Markets, and our revolving credit facilities. Due to the short-term nature and variable interest rates of these instruments, fair value approximates carrying value (see Notes 4 and 8). • Senior Term Loans – Based upon information from third-party banks (which falls within Level 2 of the fair value hierarchy), the estimated fair value of our senior term loans was approximately $440.4 million and $451.8 million at March 31, 2022 and December 31, 2021, respectively. Their actual carrying value, net of unamortized debt issuance costs, totaled $442.1 million and $454.5 million at March 31, 2022 and December 31, 2021, respectively (see Note 8). • Senior Notes – Based on dealers’ quotes (which falls within Level 2 of the fair value hierarchy), the estimated fair value of our 4.875% senior notes was $628.1 million and $671.7 million at March 31, 2022 and December 31, 2021, respectively. The actual carrying value of our 4.875% senior notes, net of unamortized debt issuance costs and discount, totaled $595.7 million and $595.5 million at March 31, 2022 and December 31, 2021, respectively. The estimated fair value of our 2.500% senior notes was $445.5 million and $502.1 million at March 31, 2022 and December 31, 2021. The actual carrying value of our 2.500% senior notes, net of unamortized debt issuance costs and discount, totaled $488.4 million and $488.1 million at March 31, 2022 and December 31, 2021. • Notes Payable on Real Estate - As of March 31, 2022 and December 31, 2021, the carrying value of our notes payable on real estate, net of unamortized debt issuance costs, was $53.6 million and $48.2 million, respectively. These notes payable were not recourse to CBRE Group, Inc., except for being recourse to the single-purpose entities that held the real estate assets and were the primary obligors on the notes payable. These borrowings have either fixed interest rates or floating interest rates at spreads added to a market index. Although it is possible that certain portions of our notes payable on real estate may have fair values that differ from their carrying values, based on the terms of such loans as compared to current market conditions, or other factors specific to the borrower entity, we do not believe that the fair value of our notes payable is significantly different than their carrying value.

Investments in Unconsolidated S

Investments in Unconsolidated Subsidiaries	3 Months Ended
	Mar. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Investments in Unconsolidated Subsidiaries	Investments in Unconsolidated Subsidiaries Investments in unconsolidated subsidiaries are accounted for under the equity method of accounting. Our investment ownership percentages in equity method investments vary, generally ranging up to 50.0%. The following table represents the composition of investment in unconsolidated subsidiaries under equity method of accounting and fair value option (dollars in thousands): Investment type March 31, 2022 December 31, 2021 Real estate investments $ 502,983 $ 453,813 Investment in Altus Power, Inc.: Class A common stock (22 million shares) 163,460 229,900 Alignment shares (1) 73,016 114,727 Private placement warrants (2) 14,965 23,741 Subtotal 251,441 368,368 Other (3) 369,915 373,907 Total investment in unconsolidated subsidiaries $ 1,124,339 $ 1,196,088 _______________ (1) The alignment shares, also known as Class B common shares, will automatically convert into Altus Class A common shares based on the achievement of certain total return thresholds on Altus Class A common shares as of the relevant measurement date over the seven fiscal years following the merger. As of March 31, 2022 (the first measurement date), 201,250 of alignment shares automatically converted into 2,011 shares of Class A common stock, which were issued on April 11, 2022. (2) These warrants entitle us to purchase one share of Altus Class A common stock at $11.00 per share, subject to adjustment. (3) Consists of our investments in Industrious and other non-public entities. Combined condensed financial information for the entities accounted for using the equity method is as follows (dollars in thousands): Three Months Ended 2022 2021 Revenue $ 581,115 $ 555,856 Operating income 273,693 275,462 Net income (1) 1,452,847 368,217 _______________ (1) Included in net income are realized and unrealized earnings and losses in investments in unconsolidated investment funds and realized earnings and losses from sales of real estate projects in investments in unconsolidated subsidiaries. These realized and unrealized earnings and losses are not included in revenue and operating income.

Long-Term Debt and Short-Term B

Long-Term Debt and Short-Term Borrowings	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Long-Term Debt and Short-Term Borrowings	Long-Term Debt and Short-Term Borrowings Long-Term Debt Long-term debt consists of the following (dollars in thousands): March 31, December 31, Senior term loan, with interest of 0.75% plus EURIBOR adj, due in full at maturity on December 20, 2023 $ 442,625 $ 455,166 4.875% senior notes due in 2026, net of unamortized discount 598,025 597,911 2.500% senior notes due in 2031, net of unamortized discount 492,961 492,782 Total long-term debt 1,533,611 1,545,859 Less: unamortized debt issuance costs 7,399 7,736 Total long-term debt, net of current maturities $ 1,526,212 $ 1,538,123 We maintain credit facilities with third-party lenders, which we use for a variety of purposes. On March 4, 2019, CBRE Services, Inc. (CBRE Services) entered into an incremental assumption agreement with respect to its credit agreement, dated October 31, 2017 (such agreement, as amended by a December 20, 2018 incremental loan assumption agreement and such March 4, 2019 incremental assumption agreement, collectively, the 2019 Credit Agreement), which (i) extended the maturity of the U.S. dollar tranche A term loans under such credit agreement, (ii) extended the termination date of the revolving credit commitments available under such credit agreement and (iii) made certain changes to the interest rates and fees applicable to such tranche A term loans and revolving credit commitments under such credit agreement. The proceeds from the new tranche A term loan facility under the 2019 Credit Agreement were used to repay the $300.0 million of tranche A term loans outstanding under the credit agreement in effect prior to the entry into the 2019 incremental assumption agreement. On July 9, 2021, CBRE Services entered into an additional incremental assumption agreement with respect to the 2019 Credit Agreement for purposes of increasing the revolving credit commitments available under the 2019 Credit Agreement by an aggregate principal amount of $350.0 million (the 2019 Credit Agreement, as amended by the July 9, 2021 incremental assumption agreement is collectively referred to in this Quarterly Report as the 2021 Credit Agreement). On December 10, 2021, CBRE Services and certain of the other borrowers entered into an amendment of the 2021 Credit Agreement which (i) changed the interest rate applicable to revolving borrowings denominated in Sterling from a LIBOR-based rate to a rate based on the Sterling Overnight Index Average (SONIA) and (ii) changed the interest rate applicable to revolving borrowings denominated in Euros from a LIBOR-based rate to a rate based on EURIBOR. The revised interest rates described above went into effect as of January 1, 2022. The 2021 Credit Agreement is a senior unsecured credit facility that is guaranteed by us. On May 21, 2021, we entered into a definitive agreement whereby our subsidiary guarantors were released as guarantors from the 2021 Credit Agreement. As of March 31, 2022, the 2021 Credit Agreement provided for the following: (1) a $3.15 billion revolving credit facility, which includes the capacity to obtain letters of credit and swingline loans and terminates on March 4, 2024 and (2) a €400.0 million term loan facility due and payable in full at maturity on December 20, 2023. The $300.0 million tranche A term loan facility that was also covered under this agreement was repaid on November 23, 2021. On March 18, 2021, CBRE Services issued $500.0 million in aggregate principal amount of 2.500% senior notes due April 1, 2031 (the 2.500% senior notes) at a price equal to 98.451% of their face value. The 2.500% senior notes are unsecured obligations of CBRE Services, senior to all of its current and future subordinated indebtedness, but effectively subordinated to all of its current and future secured indebtedness. The 2.500% senior notes are guaranteed on a senior basis by us. Interest accrues at a rate of 2.500% per year and is payable semi-annually in arrears on April 1 and October 1. On August 13, 2015, CBRE Services issued $600.0 million in aggregate principal amount of 4.875% senior notes due March 1, 2026 (the 4.875% senior notes) at a price equal to 99.24% of their face value. The 4.875% senior notes are unsecured obligations of CBRE Services, senior to all of its current and future subordinated indebtedness, but effectively subordinated to all of its current and future secured indebtedness. The 4.875% senior notes are guaranteed on a senior basis by us. Interest accrues at a rate of 4.875% per year and is payable semi-annually in arrears on March 1 and September 1. The indentures governing our 4.875% senior notes and 2.500% senior notes contain restrictive covenants that, among other things, limit our ability to create or permit liens on assets securing indebtedness, enter into sale/leaseback transactions and enter into consolidations or mergers. In addition, these indentures require that the 4.875% senior notes and 2.500% senior notes be jointly and severally guaranteed on a senior basis by CBRE Group, Inc. and any domestic subsidiary that guarantees the 2021 Credit Agreement. In addition, our 2021 Credit Agreement also requires us to maintain a minimum coverage ratio of consolidated EBITDA (as defined in the 2021 Credit Agreement) to consolidated interest expense of 2.00x and a maximum leverage ratio of total debt less available cash to consolidated EBITDA (as defined in the 2021 Credit Agreement) of 4.25x (and in the case of the first four full fiscal quarters following consummation of a qualified acquisition (as defined in the 2021 Credit Agreement), 4.75x) as of the end of each fiscal quarter. Our coverage ratio of consolidated EBITDA to consolidated interest expense was 52.16x for the trailing twelve months ended March 31, 2022, and our leverage ratio of total debt less available cash to consolidated EBITDA was 0.23x as of March 31, 2022. Short-Term Borrowings Revolving Credit Facility The revolving credit facility under the 2021 Credit Agreement allows for borrowings outside of the U.S., with a $200.0 million sub-facility available to CBRE Services, one of our Canadian subsidiaries, one of our Australian subsidiaries and one of our New Zealand subsidiaries and a $320.0 million sub-facility available to CBRE Services and one of our U.K. subsidiaries. Borrowings under the revolving credit facility bear interest at varying rates, based at our option, on either (1) the applicable fixed rate plus 0.68% to 1.075% or (2) the daily rate plus 0.0% to 0.075%, in each case as determined by reference to our Credit Rating (as defined in the 2021 Credit Agreement). The 2021 Credit Agreement requires us to pay a fee based on the total amount of the revolving credit facility commitment (whether used or unused). As of January 1, 2022, pursuant to an amendment to the 2021 Credit Agreement entered into on December 10, 2021, the applicable fixed rate for revolving borrowings denominated in Euros has been changed to EURIBOR and the applicable fixed rate for revolving borrowings denominated in Sterling has been changed to SONIA (with SONIA-based borrowings subject to a “credit spread adjustment” of an additional 0.0326% in addition to the interest rate spreads described above). As of March 31, 2022, $210.0 million was outstanding under the revolving credit facility, as well as letters of credit totaling $2.0 million. These letters of credit, which reduce the amount we may borrow under the revolving credit facility, were primarily issued in the ordinary course of business. Borrowings under the revolving credit facility bear interest at LIBOR plus 0.90%. Turner & Townsend had a revolving credit facility with a capacity of £80.0 million and a maturity date of May 5, 2022. This was replaced by a new revolving credit facility on March 31, 2022 with a capacity of £120.0 million, with an additional accordion option of £20.0 million and has a maturity date of March 31, 2027. Existing borrowing under this revolving credit facility bears interest at SONIA plus 0.75% and matures on August 12, 2022. Future borrowings bear interest at the SONIA rate plus 0.75% to 1.75%, determined by reference to gearing (as defined in the March 31, 2022 credit agreement). As of March 31, 2022, $26.3 million (£20.0 million) was outstanding under this revolving credit facility. Warehouse Lines of Credit CBRE Capital Markets has warehouse lines of credit with third-party lenders for the purpose of funding mortgage loans that will be resold, and a funding arrangement with Fannie Mae for the purpose of selling a percentage of certain closed multifamily loans to Fannie Mae. These warehouse lines are recourse only to CBRE Capital Markets and are secured by our related warehouse receivables. See Note 4 for additional information.

Leases

Leases	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Leases	Leases We are the lessee in contracts for our office space tenancies, for leased vehicles and for our wholly-owned subsidiary Hana. These arrangements account for the significant portion of our lease liabilities and right-of-use assets. We monitor our service arrangements to evaluate whether they meet the definition of a lease. Supplemental balance sheet information related to our leases is as follows (dollars in thousands): Category Classification March 31, December 31, Assets Operating Operating lease assets $ 1,030,391 $ 1,046,377 Financing Other assets, net 107,942 110,809 Total leased assets $ 1,138,333 $ 1,157,186 Liabilities Current: Operating Operating lease liabilities $ 220,730 $ 232,423 Financing Other current liabilities 37,076 38,103 Non-current: Operating Non-current operating lease liabilities 1,104,812 1,116,562 Financing Other liabilities 70,750 73,257 Total lease liabilities $ 1,433,368 $ 1,460,345 Supplemental cash flow information and non-cash activity related to our operating and finance leases are as follows (dollars in thousands): Three Months Ended 2022 2021 Right-of-use assets obtained in exchange for new operating lease liabilities $ 14,784 $ 24,214 Right-of-use assets obtained in exchange for new financing lease liabilities 9,415 10,448 Other non-cash increases in operating lease right-of-use assets (1) 25,346 5,940 Other non-cash decreases in financing lease right-of-use assets (1) (989) (1,563) _______________________________ (1) The non-cash activity in the right-of-use assets resulted from lease modifications and remeasurements.
Leases	Leases We are the lessee in contracts for our office space tenancies, for leased vehicles and for our wholly-owned subsidiary Hana. These arrangements account for the significant portion of our lease liabilities and right-of-use assets. We monitor our service arrangements to evaluate whether they meet the definition of a lease. Supplemental balance sheet information related to our leases is as follows (dollars in thousands): Category Classification March 31, December 31, Assets Operating Operating lease assets $ 1,030,391 $ 1,046,377 Financing Other assets, net 107,942 110,809 Total leased assets $ 1,138,333 $ 1,157,186 Liabilities Current: Operating Operating lease liabilities $ 220,730 $ 232,423 Financing Other current liabilities 37,076 38,103 Non-current: Operating Non-current operating lease liabilities 1,104,812 1,116,562 Financing Other liabilities 70,750 73,257 Total lease liabilities $ 1,433,368 $ 1,460,345 Supplemental cash flow information and non-cash activity related to our operating and finance leases are as follows (dollars in thousands): Three Months Ended 2022 2021 Right-of-use assets obtained in exchange for new operating lease liabilities $ 14,784 $ 24,214 Right-of-use assets obtained in exchange for new financing lease liabilities 9,415 10,448 Other non-cash increases in operating lease right-of-use assets (1) 25,346 5,940 Other non-cash decreases in financing lease right-of-use assets (1) (989) (1,563) _______________________________

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We are a party to a number of pending or threatened lawsuits arising out of, or incident to, our ordinary course of business. We believe that any losses in excess of the amounts accrued therefore as liabilities on our consolidated financial statements are unlikely to be significant, but litigation is inherently uncertain and there is the potential for a material adverse effect on our consolidated financial statements if one or more matters are resolved in a particular period in an amount materially in excess of what we anticipated. In January 2008, CBRE MCI, a wholly-owned subsidiary of CBRE Capital Markets, entered into an agreement with Fannie Mae under Fannie Mae’s Delegated Underwriting and Servicing Lender Program (DUS Program), to provide financing for multifamily housing with five or more units. Under the DUS Program, CBRE MCI originates, underwrites, closes and services loans without prior approval by Fannie Mae, and typically, is subject to sharing up to one-third of any losses on loans originated under the DUS Program. CBRE MCI has funded loans with unpaid principal balances of $35.8 billion at March 31, 2022, of which $31.8 billion is subject to such loss sharing arrangements. CBRE MCI, under its agreement with Fannie Mae, must post cash reserves or other acceptable collateral under formulas established by Fannie Mae to provide for sufficient capital in the event losses occur. As of both March 31, 2022 and December 31, 2021, CBRE MCI had $100.0 million of letters of credit under this reserve arrangement and had recorded a liability of approximately $64.6 million and $64.0 million, respectively, for its loan loss guarantee obligation under such arrangement. Fannie Mae’s recourse under the DUS Program is limited to the assets of CBRE MCI, which assets totaled approximately $764.2 million (including $326.7 million of warehouse receivables, a substantial majority of which are pledged against warehouse lines of credit and are therefore not available to Fannie Mae) at March 31, 2022. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted in the United States in response to the Covid-19 pandemic. The CARES Act, among other things, permits borrowers with government-backed mortgages from Government Sponsored Enterprises who are experiencing a financial hardship to obtain forbearance of their loans. For Fannie Mae loans that we service, CBRE MCI is obligated to advance (for a forbearance period up to 90 consecutive days and potentially longer) scheduled principal and interest payments to Fannie Mae, regardless of whether the borrowers actually make the payments. These advances are reimbursable by Fannie Mae after 120 days. As of March 31, 2022, total advances for principal and interest were $9.3 million, all of which have already been reimbursed. CBRE Capital Markets participates in Freddie Mac’s Multifamily Small Balance Loan (SBL) Program. Under the SBL program, CBRE Capital Markets has certain repurchase and loss reimbursement obligations. We could potentially be obligated to repurchase any SBL loan originated by CBRE Capital Markets that remains in default for 120 days following the forbearance period, if the default occurred during the first 12 months after origination and such loan had not been earlier securitized. In addition, CBRE Capital Markets may be responsible for a loss not to exceed 10% of the original principal amount of any SBL loan that is not securitized and goes into default after the 12-month repurchase period. CBRE Capital Markets must post a cash reserve or other acceptable collateral to provide for sufficient capital in the event the obligations are triggered. As of both March 31, 2022 and December 31, 2021, CBRE Capital Markets had posted a $5.0 million letter of credit under this reserve arrangement. We had outstanding letters of credit totaling $169.6 million as of March 31, 2022, excluding letters of credit for which we have outstanding liabilities already accrued on our consolidated balance sheet related to our subsidiaries’ outstanding reserves for claims under certain insurance programs as well as letters of credit related to operating leases. The CBRE Capital Markets letters of credit totaling $105.0 million as of March 31, 2022 referred to in the preceding paragraphs represented the majority of the $169.6 million outstanding letters of credit as of such date. The remaining letters of credit are primarily executed by us in the ordinary course of business and expire at the end of each of the respective agreements. We had guarantees totaling $46.4 million as of March 31, 2022, excluding guarantees related to pension liabilities, consolidated indebtedness and other obligations for which we have outstanding liabilities already accrued on our consolidated balance sheet, and excluding guarantees related to operating leases. The $46.4 million primarily represents guarantees executed by us in the ordinary course of business, including various guarantees of management and vendor contracts in our operations overseas, which expire at the end of each of the respective agreements. In addition, as of March 31, 2022, we had issued numerous non-recourse carveout, completion and budget guarantees relating to development projects for the benefit of third parties. These guarantees are commonplace in our industry and are made by us in the ordinary course of our Real Estate Investments business. Non-recourse carveout guarantees generally require that our project-entity borrower not commit specified improper acts, with us potentially liable for all or a portion of such entity’s indebtedness or other damages suffered by the lender if those acts occur. Completion and budget guarantees generally require us to complete construction of the relevant project within a specified timeframe and/or within a specified budget, with us potentially being liable for costs to complete in excess of such timeframe or budget. While there can be no assurance, we do not expect to incur any material losses under these guarantees. An important part of the strategy for our Real Estate Investments business involves investing our capital in certain real estate investments with our clients. These co-investments generally total up to 2.0% of the equity in a particular fund. As of March 31, 2022, we had aggregate commitments of $115.2 million to fund these future co-investments. Additionally, an important part of our Real Estate Investments business strategy is selective investment in real estate projects. We invest on our own account or co-invest with our clients as a principal in unconsolidated real estate subsidiaries. As of March 31, 2022, we had committed to fund $49.7 million of additional capital to unconsolidated subsidiaries and $100.9 million to real estate projects that were consolidated in our financial statements. On April 28th, 2022, Telford Homes, as part of an industry-wide initiative, made a pledge to the U.K.'s Department for Leveling Up, Housing and Communities (DLUHC) to address the necessary life critical fire safety issues in residential buildings over 11 meters that Telford has developed since Telford’s establishment in 2000. Alongside many other housebuilders in the U.K., Telford is taking part in ongoing discussions with the DLUHC to identify an effective solution to the remediation and related funding of life critical fire safety issues to ensure residents and leaseholders are protected. The applicable guidance and legislation surrounding the remediation of these life critical fire safety issues will likely continue to evolve over the coming months. We are estimating the potential impact of the remediation efforts on our financial position. However, given the complexity and uncertainty of the requirements for remediation, we are unable to estimate the potential impact on our overall financial position as of the filing date.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our benefit from income taxes on a consolidated basis was $3.7 million for the three months ended March 31, 2022 as compared to a provision for income taxes of $76.3 million for the three months ended March 31, 2021. The decrease of $80.1 million is primarily related to the recognition of a net discrete tax benefit of approximately $82.2 million attributable to an outside basis difference recognized as a result of legal entity restructuring offset by an increase in our consolidated pre-tax book income. The recognition of the outside tax basis difference generated tax attribute carry forwards that will offset income generated during the current year and be carried forward. Based on our strong history of earnings and the nature of our business we expect to generate sufficient taxable income within the carry forward period and therefore concludes it is more likely than not that we will realize the full tax benefit of the tax attribute. Accordingly, we have not provided any valuation allowance against the deferred tax asset. Our effective tax rate decreased to (1.0)% for the three months ended March 31, 2022 from 22.1% for the three months ended March 31, 2021. Our effective tax rate for the three months ended March 31, 2022 was different than the U.S. federal statutory tax rate of 21.0% primarily due to the recognition of a net discrete tax benefit of approximately $82.2 million attributable to an outside basis difference recognized as a result of legal entity restructuring. As of March 31, 2022 and December 31, 2021, the company had gross unrecognized tax benefits of $331.2 million and $191.9 million, respectively. The increase of $139.3 million primarily resulted from accrual of gross unrecognized tax benefits related to certain legal entity reorganizations.

Income Per Share and Stockholde

Income Per Share and Stockholders' Equity	3 Months Ended
	Mar. 31, 2022
Earnings Per Share And Stockholders Equity [Abstract]
Income Per Share and Stockholders' Equity	Income Per Share and Stockholders' Equity The calculations of basic and diluted income per share attributable to CBRE Group, Inc. stockholders are as follows (dollars in thousands, except share and per share data): Three Months Ended 2022 2021 Basic Income Per Share Net income attributable to CBRE Group, Inc. stockholders $ 392,297 $ 266,202 Weighted average shares outstanding for basic income per share 331,925,104 335,860,494 Basic income per share attributable to CBRE Group, Inc. stockholders $ 1.18 $ 0.79 Diluted Income Per Share Net income attributable to CBRE Group, Inc. stockholders $ 392,297 $ 266,202 Weighted average shares outstanding for basic income per share 331,925,104 335,860,494 Dilutive effect of contingently issuable shares 5,215,221 3,720,010 Weighted average shares outstanding for diluted income per share 337,140,325 339,580,504 Diluted income per share attributable to CBRE Group, Inc. stockholders $ 1.16 $ 0.78 For the three months ended March 31, 2022 and 2021, 1,349,842 and 481,341, respectively, of contingently issuable shares were excluded from the computation of diluted income per share because their inclusion would have had an anti-dilutive effect. In February 2019, our board of directors authorized a program for the repurchase of up to $300.0 million of our common stock over three years, effective March 11, 2019. In both August and November 2019, our board of directors authorized an additional $100.0 million under our program, bringing the total authorized repurchase amount under the program to a total of $500.0 million. During the year ended December 31, 2021, we repurchased 3,122,054 shares of our common stock with an average price of $92.03 per share using cash on hand for $287.3 million. During the three months ended March 31, 2022, we repurchased an additional 615,108 shares of our common stock with an average price of $101.88 per share using cash on hand for $62.7 million, fully utilizing the remaining capacity under this program. On November 19, 2021, our board of directors authorized a new program for the repurchase of up to $2.0 billion of our common stock over five years (the 2021 program). During the year ended December 31, 2021, we repurchased 832,315 shares of our common stock with an average price of $102.82 per share using cash on hand for $85.6 million. During the three months ended March 31, 2022, we repurchased an additional 3,563,278 shares of our common stock with an average price of $92.10 per share using cash on hand for $328.2 million. As of March 31, 2022, we had approximately $1.59 billion of capacity remaining under the 2021 program.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers We account for revenue with customers in accordance with FASB ASC Topic, “ Revenue from Contracts with Customers ” (Topic 606). Revenue is recognized when or as control of the promised services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to receive in exchange for those services. Disaggregated Revenue The following tables represent a disaggregation of revenue from contracts with customers by type of service and/or segment (dollars in thousands): Three Months Ended March 31, 2022 Advisory Global Real Estate Corporate, other and eliminations Consolidated Topic 606 Revenue: Facilities management $ — $ 3,800,688 $ — $ — $ 3,800,688 Advisory leasing 772,722 — — — 772,722 Advisory sales 619,827 — — — 619,827 Property management 455,872 — — (4,888) 450,984 Project management — 1,004,928 — — 1,004,928 Valuation 181,142 — — — 181,142 Commercial mortgage origination (1) 73,890 — — — 73,890 Loan servicing (2) 14,008 — — — 14,008 Investment management — — 150,567 — 150,567 Development services — — 99,655 — 99,655 Topic 606 Revenue 2,117,461 4,805,616 250,222 (4,888) 7,168,411 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 70,980 — — — 70,980 Loan servicing 60,007 — — — 60,007 Development services (3) — — 33,535 — 33,535 Total Out of Scope of Topic 606 Revenue 130,987 — 33,535 — 164,522 Total Revenue $ 2,248,448 $ 4,805,616 $ 283,757 $ (4,888) $ 7,332,933 Three Months Ended March 31, 2021 Advisory Global Real Estate Corporate, other and eliminations Consolidated Topic 606 Revenue: Facilities management $ — $ 3,479,501 $ — $ — $ 3,479,501 Advisory leasing 520,216 — — — 520,216 Advisory sales 392,312 — — — 392,312 Property management 427,188 — — (6,145) 421,043 Project management — 546,382 — — 546,382 Valuation 159,590 — — — 159,590 Commercial mortgage origination (1) 33,751 — — — 33,751 Loan servicing (2) 15,388 — — — 15,388 Investment management — — 132,071 — 132,071 Development services — — 78,178 — 78,178 Topic 606 Revenue 1,548,445 4,025,883 210,249 (6,145) 5,778,432 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 106,113 — — — 106,113 Loan servicing 53,454 — — — 53,454 Development services (3) — — 880 — 880 Total Out of Scope of Topic 606 Revenue 159,567 — 880 — 160,447 Total Revenue $ 1,708,012 $ 4,025,883 $ 211,129 $ (6,145) $ 5,938,879 _______________________________ (1) We earn fees for arranging financing for borrowers with third-party lender contacts. Such fees are in scope of Topic 606. (2) Loan servicing fees earned from servicing contracts for which we do not hold mortgage servicing rights are in scope of Topic 606. (3) Out of scope revenue for development services represents selling profit from transfers of sales-type leases in the scope of Topic 842. Contract Assets and Liabilities We had contract assets totaling $486.4 million ($352.1 million of which was current) and $474.4 million ($338.7 million of which was current) as of March 31, 2022 and December 31, 2021, respectively. We had contract liabilities totaling $303.7 million ($295.6 million of which was current) and $288.9 million ($280.7 million of which was current) as of March 31, 2022 and December 31, 2021, respectively. During the three months ended March 31, 2022, we recognized revenue of $77.5 million that was included in the contract liability balance at December 31, 2021.

Segments

Segments	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segments	Segments We organize our operations around, and publicly report our financial results on, three global business segments: (1) Advisory Services; (2) Global Workplace Solutions and (3) Real Estate Investments. As part of the realignment of our organizational structure and performance measure to how our chief operating decision maker (CODM) views the company, we created a “Corporate, other and elimination” segment. Our Corporate segment primarily consists of corporate headquarters costs for executive officers and certain other central functions. We track our strategic non-core non-controlling equity investments in “other” which is considered an operating segment and reported together with Corporate as it does not meet the aggregation criteria for presentation as a separate reportable segment. These activities are not allocated to the other business segments. Corporate and other also includes eliminations related to inter-segment revenue. Segment operating profit (SOP) is the measure reported to the CODM for purposes of making decisions about allocating resources to each segment and assessing performance of each segment. Segment operating profit represents earnings, inclusive of amount attributable to non-controlling interest, before net interest expense, write-off of financing costs on extinguished debt, income taxes, depreciation and amortization and asset impairments, as well as adjustments related to the following: certain carried interest incentive compensation expense (reversal) to align with the timing of associated revenue, fair value adjustments to real estate assets acquired in the Telford acquisition (purchase accounting) that were sold in the period, costs incurred related to legal entity restructuring, integration and other costs related to acquisitions. This metric excludes the impact of corporate overhead as these costs are now reported under Corporate and other. During fourth quarter of 2021, we changed the definition of SOP to include net income (loss) attributable to non-controlling interest to provide a more meaningful view of the segment’s performance and related margins and to conform to the CODM’s view of the business segments. Prior period segment operating profit for our reportable segments have been recast to conform to this change. Summarized financial information by segment is as follows (dollars in thousands): Three Months Ended 2022 2021 Revenue Advisory Services $ 2,248,448 $ 1,708,012 Global Workplace Solutions 4,805,616 4,025,883 Real Estate Investments 283,757 211,129 Corporate, other and eliminations (4,888) (6,145) Total revenue $ 7,332,933 $ 5,938,879 Segment operating profit Advisory Services $ 465,654 $ 332,579 Global Workplace Solutions 202,736 152,183 Real Estate Investments 167,052 63,067 Total reportable segment operating profit $ 835,442 $ 547,829 Reconciliation of total reportable segment operating profit to net income is as follows (dollars in thousands): Three Months Ended 2022 2021 Net income attributable to CBRE Group, Inc. $ 392,297 $ 266,202 Net income attributable to non-controlling interests 3,974 2,775 Net income 396,271 268,977 Adjustments to increase (decrease) net income: Depreciation and amortization 149,032 122,078 Asset impairments 10,351 — Interest expense, net of interest income 12,826 10,106 (Benefit from) provision for income taxes (3,738) 76,327 Carried interest incentive compensation expense to align with the timing of associated revenue 22,856 15,332 Impact of fair value adjustments to real estate assets acquired in the (1,696) 1,099 Costs incurred related to legal entity restructuring 1,676 — Integration and other costs related to acquisitions 8,121 — Corporate and other loss, including eliminations 239,743 53,910 Total reportable segment operating profit $ 835,442 $ 547,829 Our CODM is not provided with total asset information by segment and accordingly, does not measure or allocate total assets on a segment basis. As a result, we have not disclosed any asset information by segment. Geographic Information Revenue in the table below is allocated based upon the country in which services are performed (dollars in thousands): Three Months Ended 2022 2021 Revenue United States $ 4,131,397 $ 3,348,859 United Kingdom 985,999 777,044 All other countries 2,215,537 1,812,976 Total revenue $ 7,332,933 $ 5,938,879

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	The accompanying consolidated financial statements have been prepared in accordance with the rules applicable to quarterly reports on Form 10-Q and include all information and footnotes required for interim financial statement presentation, but do not include all disclosures required under accounting principles generally accepted in the United States (U.S.), or General Accepted Accounting Principles (GAAP), for annual financial statements. In our opinion, all adjustments (consisting of normal recurring adjustments, except as otherwise noted) considered necessary for a fair presentation have been included.
Use of Estimates	The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions about future events, including the impact Covid-19 and the war in Ukraine may have on our business. These estimates and the underlying assumptions affect the reported amounts of assets, liabilities, revenues and expenses. Such estimates include the value of goodwill, intangibles and other long-lived assets, real estate assets, accounts receivable, contract assets, operating lease assets, investments in unconsolidated subsidiaries and assumptions used in the calculation of income taxes, retirement and other post-employment benefits, among others. These estimates and assumptions are based on our best judgment. We evaluate our estimates and assumptions on an ongoing basis using historical experience and other factors, including consideration of the current economic environment, and adjust such estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Changes in these estimates resulting from continuing changes in the economic environment will be reflected in the financial statements in future periods.
Recently Adopted Accounting Pronouncements and Recent Accounting Pronouncements Pending Adoption	Recently Adopted Accounting Pronouncements In July 2021, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2021-05, “Leases (Topic 842): Lessors-Certain Leases with Variable Lease Payments (Topic 842).” The ASU amends the lease classification requirements for lessors to align them with practice under Topic 840. Lessors should classify and account for a lease with variable lease payments that do not depend on a reference index or a rate as an operating lease if certain criteria are met. This guidance is effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. We adopted ASU 2021-05 in the first quarter of 2022 and the adoption did not have a material impact on our consolidated financial statements and related disclosures. In November 2021, the FASB issued ASU 2021-10, “Disclosures by Business Entities about Government Assistance.” This ASU requires annual disclosures that increase the transparency of transactions with a government accounted for by applying a grant or contribution accounting model by analogy, including (1) the types of transactions, (2) the accounting for those transactions, and (3) the effect of those transactions on an entity’s financial statements. This ASU is effective for fiscal years beginning after December 15, 2021. The amendments should be applied either (1) prospectively to all transactions within the scope of the amendments that are reflected in financial statements at the date of initial application and new transactions that are entered into after the date of initial application or (2) retrospectively to those transactions. We adopted ASU 2021-10 prospectively in the first quarter of 2022 and do not expect it to have a material impact on our annual disclosures. Recent Accounting Pronouncements Pending Adoption In March 2020 and January 2021, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-04, “ Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ” and ASU 2021-01, “ Reference Rate Reform: Scope, ” respectively. Together, the ASUs provide temporary optional expedients and exceptions to the U.S. GAAP guidance on contract modifications and hedge accounting to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates. This guidance is effective for a limited time for all entities through December 31, 2022. We are evaluating the effect that this guidance will have on our consolidated financial statements and related disclosures. In October 2021, the FASB issued ASU 2021-08, “ Accounting for Contract Assets and Contract Liabilities from Contracts with Customers. ” This ASU requires that an acquirer entity in a business combination recognize and measure contract assets and liabilities acquired in a business combination at the acquisition date in accordance with Topic 606 as if the acquirer entity had originated the contracts. This ASU is effective for fiscal years beginning after December 15, 2022, and interim periods within those years. Early application of the amendments is permitted but should be applied to all acquisitions occurring in the annual period of adoption. The amendment should be applied prospectively to business combinations occurring on or after the effective date of the amendments. We are evaluating the effect that ASU 2021-08 will have on our consolidated financial statements and related disclosures, but do not expect it to have a material impact. In March 2022, the FASB issued ASU 2022-01, " Derivatives and Hedging (Topic 815): Fair Value Hedging - Portfolio Layer Method. " This ASU allows nonprepayable financial assets to be included in a closed portfolio hedged using the portfolio layer method. The expanded scope permits an entity to apply the same portfolio hedging method to both prepayable and nonprepayable financial assets, thereby allowing consistent accounting for similar hedges. This guidance is effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. We are evaluating the effect that this guidance will have on our consolidated financial statements and related disclosures, but do not expect it to have a material impact. In March 2022, the FASB issued ASU 2022-02, " Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructuring and Vintage Disclosures. " This ASU eliminates the accounting guidance for Troubled Debt Restructuring by creditors in 310-40 and enhances disclosure requirements for certain loan refinancings and restrucuturings by creditors when a borrower is experiencing financial difficulty. Additionally, this ASU requires entities to disclose current-period gross writeoffs by year of origination for financing receivables and net investments in leases within the scope of ASC 326-20. This guidance is effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. We are evaluating the effect that this guidance will have on our consolidated financial statements and related disclosures, but do not expect it to have a material impact.

Warehouse Receivables & Wareh_2

Warehouse Receivables & Warehouse Lines of Credit (Tables)	3 Months Ended
	Mar. 31, 2022
Warehouse Receivables And Warehouse Lines Of Credit [Abstract]
Schedule of Warehouse Receivables	A rollforward of our warehouse receivables is as follows (dollars in thousands): Beginning balance at December 31, 2021 $ 1,303,717 Origination of mortgage loans 3,221,312 Gains (premiums on loan sales) 8,134 Proceeds from sale of mortgage loans: Sale of mortgage loans (3,327,950) Cash collections of premiums on loan sales (8,134) Proceeds from sale of mortgage loans (3,336,084) Net decrease in mortgage servicing rights included in warehouse receivables (2,279) Ending balance at March 31, 2022 $ 1,194,800
Summary of Warehouse Lines of Credit in Place	The following table is a summary of our warehouse lines of credit in place as of March 31, 2022 and December 31, 2021 (dollars in thousands): March 31, 2022 December 31, 2021 Lender Current Pricing Maximum Carrying Maximum Carrying JP Morgan Chase Bank, N.A. (JP Morgan) (1) 10/17/2022 daily floating rate SOFR rate plus 1.60%, with a SOFR adjustment rate of 0.05% $ 1,335,000 $ 840,732 $ 1,335,000 $ 742,124 JP Morgan 10/17/2022 daily floating rate SOFR rate plus 2.75%, with a SOFR adjustment rate of 0.05% 15,000 7,519 15,000 4,326 Fannie Mae Multifamily As Soon As Pooled Plus Agreement and Multifamily As Soon As Pooled Sale Agreement (ASAP) Program (2) Cancelable daily one-month LIBOR plus 1.45%, with a LIBOR floor of 0.25% 650,000 109,961 650,000 133,084 TD Bank, N.A. (TD Bank) (3) 7/15/2022 daily floating rate LIBOR plus 1.30% 800,000 85,873 800,000 217,672 Bank of America, N.A. (BofA) (4) 5/25/2022 daily floating rate SOFR rate plus 1.30%, with a SOFR adjustment rate of 0.11% 350,000 93,446 350,000 178,600 BofA (5) 5/25/2022 daily floating rate SOFR rate 1.30%, with a SOFR adjustment rate of 0.11% 250,000 — 250,000 — MUFG Union Bank, N.A. (Union Bank) (6) 6/28/2022 daily floating rate LIBOR plus 1.30% 200,000 34,594 200,000 1,645 $ 3,600,000 $ 1,172,125 $ 3,600,000 $ 1,277,451 _______________________________ (1) Effective October 18, 2021, this facility was renewed and amended and the maximum facility size was increased to $1,335.0 million. This facility has a revised maturity date of October 17, 2022 and a revised interest rate to a Secured Overnight Finance Rate (SOFR) term plus 1.60%, with a SOFR adjustment rate of 0.05%, noting the Business Lending sublimit has a revised interest rate of daily adjusted term SOFR plus 2.75%, with a SOFR adjustment rate of 0.05%. (2) Effective January 15, 2021, the maximum facility was increased to $650.0 million. (3) Effective July 1, 2020, this facility was amended and provides for a maximum aggregate principal amount of $400.0 million, in addition to an uncommitted $400.0 million temporary line of credit. Effective June 28, 2021, this facility was renewed with a revised interest rate of daily floating rate LIBOR plus 1.30% and a maturity date of July 15, 2022. As of March 31, 2022, the uncommitted $400.0 million temporary line of credit was not utilized. (4) The total commitment amount of $350.0 million includes a separate sublimit borrowing in the amount of $100.0 million, which can be utilized for specific purposes as defined within the agreement. Effective June 30, 2021, this facility was renewed with a revised interest rate of daily floating LIBOR plus 1.30% and a maturity date of May 25, 2022. The sublimit is subject to an interest rate of daily floating LIBOR plus 1.75%, with a LIBOR floor of 0.75%. Effective January 1, 2022, daily floating rate LIBOR was replaced with daily floating rate SOFR, with an adjustment rate of 0.11%. As of March 31, 2022, the sublimit borrowing has not been utilized. (5) Effective June 30, 2021, the advised consent line was renewed for $250.0 million of capacity with a revised interest rate of daily floating SOFR plus 1.30%, with a SOFR adjustment rate of 0.11%, and a maturity date of May 25, 2022. (6) Effective June 28, 2021, this facility was renewed with a revised interest rate of daily floating rate LIBOR plus 1.30%, removing the LIBOR floor, and a maturity date of June 28, 2022.

Variable Interest Entities (V_2

Variable Interest Entities (VIEs) (Tables)	3 Months Ended
	Mar. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Maximum Exposure to Loss	As of March 31, 2022 and December 31, 2021, our maximum exposure to loss related to VIEs which are not consolidated was as follows (dollars in thousands): March 31, December 31, Investments in unconsolidated subsidiaries $ 105,169 $ 109,530 Other current assets — 4,219 Co-investment commitments 87,156 90,328 Maximum exposure to loss $ 192,325 $ 204,077

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables present the fair value of assets and liabilities measured at fair value on a recurring basis as of March 31, 2022 and December 31, 2021 (dollars in thousands): As of March 31, 2022 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale securities: Debt securities: U.S. treasury securities $ 6,832 $ — $ — $ 6,832 Debt securities issued by U.S. federal agencies — 10,146 — 10,146 Corporate debt securities — 47,806 — 47,806 Asset-backed securities — 3,193 — 3,193 Collateralized mortgage obligations — 592 — 592 Total available for sale debt securities 6,832 61,737 — 68,569 Equity securities 42,488 — — 42,488 Investments in unconsolidated subsidiaries 163,460 14,965 367,855 546,280 Warehouse receivables — 1,194,800 — 1,194,800 Total assets at fair value $ 212,780 $ 1,271,502 $ 367,855 $ 1,852,137 Liabilities Other liabilities — — 1,322 1,322 Total liabilities at fair value $ — $ — $ 1,322 $ 1,322 As of December 31, 2021 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale securities: Debt securities: U.S. treasury securities $ 7,002 $ — $ — $ 7,002 Debt securities issued by U.S. federal agencies — 9,276 — 9,276 Corporate debt securities — 50,897 — 50,897 Asset-backed securities — 3,428 — 3,428 Collateralized mortgage obligations — 725 — 725 Total available for sale debt securities 7,002 64,326 — 71,328 Equity securities 69,880 — — 69,880 Investments in unconsolidated subsidiaries 229,900 23,741 406,690 660,331 Warehouse receivables — 1,303,717 — 1,303,717 Total assets at fair value $ 306,782 $ 1,391,784 $ 406,690 $ 2,105,256 Liabilities Other liabilities — — 10,700 10,700 Total liabilities at fair value $ — $ — $ 10,700 $ 10,700
Schedule of Reconciliation for Assets Measured at Fair Value	The tables below present a reconciliation for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (dollars in thousands): Investment in Unconsolidated Subsidiaries Other liabilities Balance as of December 31, 2021 $ 406,690 $ 10,700 Transfer in — — Net change in fair value (38,835) — Purchases/ Additions — (9,378) Balance as of March 31, 2022 $ 367,855 $ 1,322 Net change in fair value, included in the table above, is reported in Net income as follows: Category of Assets/Liabilities using Unobservable Inputs Consolidated Statements of Operations Investments in unconsolidated subsidiaries Equity income from unconsolidated subsidiaries Other liabilities Other income
Schedule of Reconciliation for Liabilities Measured at Fair Value	The tables below present a reconciliation for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (dollars in thousands): Investment in Unconsolidated Subsidiaries Other liabilities Balance as of December 31, 2021 $ 406,690 $ 10,700 Transfer in — — Net change in fair value (38,835) — Purchases/ Additions — (9,378) Balance as of March 31, 2022 $ 367,855 $ 1,322 Net change in fair value, included in the table above, is reported in Net income as follows: Category of Assets/Liabilities using Unobservable Inputs Consolidated Statements of Operations Investments in unconsolidated subsidiaries Equity income from unconsolidated subsidiaries Other liabilities Other income
Fair Value Measurement Inputs and Valuation Techniques	The table below presents information about the significant unobservable inputs used for recurring fair value measurements for certain Level 3 instruments: Valuation Technique Unobservable Input Range Investment in unconsolidated subsidiaries Discounted cash flow Discount rate 14% - 25% Monte Carlo Volatility 69 % Risk free interest rate 2.4 % Other liabilities Discounted cash flow Discount rate 25.0 %

Investments in Unconsolidated_2

Investments in Unconsolidated Subsidiaries (Tables)	3 Months Ended
	Mar. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Investments in Unconsolidated Subsidiaries	The following table represents the composition of investment in unconsolidated subsidiaries under equity method of accounting and fair value option (dollars in thousands): Investment type March 31, 2022 December 31, 2021 Real estate investments $ 502,983 $ 453,813 Investment in Altus Power, Inc.: Class A common stock (22 million shares) 163,460 229,900 Alignment shares (1) 73,016 114,727 Private placement warrants (2) 14,965 23,741 Subtotal 251,441 368,368 Other (3) 369,915 373,907 Total investment in unconsolidated subsidiaries $ 1,124,339 $ 1,196,088 _______________ (1) The alignment shares, also known as Class B common shares, will automatically convert into Altus Class A common shares based on the achievement of certain total return thresholds on Altus Class A common shares as of the relevant measurement date over the seven fiscal years following the merger. As of March 31, 2022 (the first measurement date), 201,250 of alignment shares automatically converted into 2,011 shares of Class A common stock, which were issued on April 11, 2022. (2) These warrants entitle us to purchase one share of Altus Class A common stock at $11.00 per share, subject to adjustment. (3) Consists of our investments in Industrious and other non-public entities. Combined condensed financial information for the entities accounted for using the equity method is as follows (dollars in thousands): Three Months Ended 2022 2021 Revenue $ 581,115 $ 555,856 Operating income 273,693 275,462 Net income (1) 1,452,847 368,217 _______________ (1) Included in net income are realized and unrealized earnings and losses in investments in unconsolidated investment funds and realized earnings and losses from sales of real estate projects in investments in unconsolidated subsidiaries. These realized and unrealized earnings and losses are not included in revenue and operating income.

Long-Term Debt and Short-Term_2

Long-Term Debt and Short-Term Borrowings (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consists of the following (dollars in thousands): March 31, December 31, Senior term loan, with interest of 0.75% plus EURIBOR adj, due in full at maturity on December 20, 2023 $ 442,625 $ 455,166 4.875% senior notes due in 2026, net of unamortized discount 598,025 597,911 2.500% senior notes due in 2031, net of unamortized discount 492,961 492,782 Total long-term debt 1,533,611 1,545,859 Less: unamortized debt issuance costs 7,399 7,736 Total long-term debt, net of current maturities $ 1,526,212 $ 1,538,123

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Schedule of Supplemental Balance Sheet Information	Supplemental balance sheet information related to our leases is as follows (dollars in thousands): Category Classification March 31, December 31, Assets Operating Operating lease assets $ 1,030,391 $ 1,046,377 Financing Other assets, net 107,942 110,809 Total leased assets $ 1,138,333 $ 1,157,186 Liabilities Current: Operating Operating lease liabilities $ 220,730 $ 232,423 Financing Other current liabilities 37,076 38,103 Non-current: Operating Non-current operating lease liabilities 1,104,812 1,116,562 Financing Other liabilities 70,750 73,257 Total lease liabilities $ 1,433,368 $ 1,460,345
Schedule of Supplemental Cash Flow Information	Supplemental cash flow information and non-cash activity related to our operating and finance leases are as follows (dollars in thousands): Three Months Ended 2022 2021 Right-of-use assets obtained in exchange for new operating lease liabilities $ 14,784 $ 24,214 Right-of-use assets obtained in exchange for new financing lease liabilities 9,415 10,448 Other non-cash increases in operating lease right-of-use assets (1) 25,346 5,940 Other non-cash decreases in financing lease right-of-use assets (1) (989) (1,563) _______________________________

Income Per Share and Stockhol_2

Income Per Share and Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share And Stockholders Equity [Abstract]
Calculations of Basic and Diluted Income Per Share	The calculations of basic and diluted income per share attributable to CBRE Group, Inc. stockholders are as follows (dollars in thousands, except share and per share data): Three Months Ended 2022 2021 Basic Income Per Share Net income attributable to CBRE Group, Inc. stockholders $ 392,297 $ 266,202 Weighted average shares outstanding for basic income per share 331,925,104 335,860,494 Basic income per share attributable to CBRE Group, Inc. stockholders $ 1.18 $ 0.79 Diluted Income Per Share Net income attributable to CBRE Group, Inc. stockholders $ 392,297 $ 266,202 Weighted average shares outstanding for basic income per share 331,925,104 335,860,494 Dilutive effect of contingently issuable shares 5,215,221 3,720,010 Weighted average shares outstanding for diluted income per share 337,140,325 339,580,504 Diluted income per share attributable to CBRE Group, Inc. stockholders $ 1.16 $ 0.78

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue from Contracts with Customers	The following tables represent a disaggregation of revenue from contracts with customers by type of service and/or segment (dollars in thousands): Three Months Ended March 31, 2022 Advisory Global Real Estate Corporate, other and eliminations Consolidated Topic 606 Revenue: Facilities management $ — $ 3,800,688 $ — $ — $ 3,800,688 Advisory leasing 772,722 — — — 772,722 Advisory sales 619,827 — — — 619,827 Property management 455,872 — — (4,888) 450,984 Project management — 1,004,928 — — 1,004,928 Valuation 181,142 — — — 181,142 Commercial mortgage origination (1) 73,890 — — — 73,890 Loan servicing (2) 14,008 — — — 14,008 Investment management — — 150,567 — 150,567 Development services — — 99,655 — 99,655 Topic 606 Revenue 2,117,461 4,805,616 250,222 (4,888) 7,168,411 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 70,980 — — — 70,980 Loan servicing 60,007 — — — 60,007 Development services (3) — — 33,535 — 33,535 Total Out of Scope of Topic 606 Revenue 130,987 — 33,535 — 164,522 Total Revenue $ 2,248,448 $ 4,805,616 $ 283,757 $ (4,888) $ 7,332,933 Three Months Ended March 31, 2021 Advisory Global Real Estate Corporate, other and eliminations Consolidated Topic 606 Revenue: Facilities management $ — $ 3,479,501 $ — $ — $ 3,479,501 Advisory leasing 520,216 — — — 520,216 Advisory sales 392,312 — — — 392,312 Property management 427,188 — — (6,145) 421,043 Project management — 546,382 — — 546,382 Valuation 159,590 — — — 159,590 Commercial mortgage origination (1) 33,751 — — — 33,751 Loan servicing (2) 15,388 — — — 15,388 Investment management — — 132,071 — 132,071 Development services — — 78,178 — 78,178 Topic 606 Revenue 1,548,445 4,025,883 210,249 (6,145) 5,778,432 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 106,113 — — — 106,113 Loan servicing 53,454 — — — 53,454 Development services (3) — — 880 — 880 Total Out of Scope of Topic 606 Revenue 159,567 — 880 — 160,447 Total Revenue $ 1,708,012 $ 4,025,883 $ 211,129 $ (6,145) $ 5,938,879 _______________________________ (1) We earn fees for arranging financing for borrowers with third-party lender contacts. Such fees are in scope of Topic 606. (2) Loan servicing fees earned from servicing contracts for which we do not hold mortgage servicing rights are in scope of Topic 606. (3) Out of scope revenue for development services represents selling profit from transfers of sales-type leases in the scope of Topic 842.

Segments (Tables)

Segments (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Summarized Financial Information by Segment	Summarized financial information by segment is as follows (dollars in thousands): Three Months Ended 2022 2021 Revenue Advisory Services $ 2,248,448 $ 1,708,012 Global Workplace Solutions 4,805,616 4,025,883 Real Estate Investments 283,757 211,129 Corporate, other and eliminations (4,888) (6,145) Total revenue $ 7,332,933 $ 5,938,879 Segment operating profit Advisory Services $ 465,654 $ 332,579 Global Workplace Solutions 202,736 152,183 Real Estate Investments 167,052 63,067 Total reportable segment operating profit $ 835,442 $ 547,829
Reconciliation of Reportable Segment Operating Profit to Net Income	Reconciliation of total reportable segment operating profit to net income is as follows (dollars in thousands): Three Months Ended 2022 2021 Net income attributable to CBRE Group, Inc. $ 392,297 $ 266,202 Net income attributable to non-controlling interests 3,974 2,775 Net income 396,271 268,977 Adjustments to increase (decrease) net income: Depreciation and amortization 149,032 122,078 Asset impairments 10,351 — Interest expense, net of interest income 12,826 10,106 (Benefit from) provision for income taxes (3,738) 76,327 Carried interest incentive compensation expense to align with the timing of associated revenue 22,856 15,332 Impact of fair value adjustments to real estate assets acquired in the (1,696) 1,099 Costs incurred related to legal entity restructuring 1,676 — Integration and other costs related to acquisitions 8,121 — Corporate and other loss, including eliminations 239,743 53,910 Total reportable segment operating profit $ 835,442 $ 547,829
Summary of Geographic Information	Revenue in the table below is allocated based upon the country in which services are performed (dollars in thousands): Three Months Ended 2022 2021 Revenue United States $ 4,131,397 $ 3,348,859 United Kingdom 985,999 777,044 All other countries 2,215,537 1,812,976 Total revenue $ 7,332,933 $ 5,938,879

Turner & Townsend Acquisition -

Turner & Townsend Acquisition - Narrative (Details) - Turner & Townsend Holdings Limited	Nov. 01, 2021USD ($)
Business Acquisition [Line Items]
Percentage of interest acquired	60.00%
Goodwill, amount deductible for tax purposes	$ 0

Warehouse Receivables & Wareh_3

Warehouse Receivables & Warehouse Lines of Credit - Narrative (Detail) - Warehouse Agreement Borrowings $ in Billions	3 Months Ended
	Mar. 31, 2022USD ($)
Short-term Debt [Line Items]
Period of repayment for warehouse lines of credit	1 month
Maximum lines of credit principal outstanding	$ 1.5

Warehouse Receivables & Wareh_4

Warehouse Receivables & Warehouse Lines of Credit - Warehouse Receivables Activity (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Warehouse Receivables Activity [Roll Forward]
Beginning balance	$ 1,303,717
Origination of mortgage loans	3,221,312	$ 3,909,261
Gains (premiums on loan sales)	8,134
Proceeds from sale of mortgage loans:
Sale of mortgage loans	(3,327,950)
Cash collections of premiums on loan sales	(8,134)
Proceeds from sale of mortgage loans	(3,336,084)	$ (4,643,685)
Net decrease in mortgage servicing rights included in warehouse receivables	(2,279)
Ending balance	$ 1,194,800

Warehouse Receivables & Wareh_5

Warehouse Receivables & Warehouse Lines of Credit - Summary of Warehouse Lines of Credit in Place (Detail) - USD ($)	Oct. 18, 2021	Jun. 30, 2021	Jun. 28, 2021	Mar. 31, 2022	Dec. 31, 2021	Jan. 15, 2021	Jul. 01, 2020
Short-term Debt [Line Items]
Carrying Value				$ 1,172,125,000	$ 1,277,451,000
Revolving credit facility				$ 210,000,000	0
Bank of America (BofA) | Bank of America, Pricing | Secured Overnight Financing Rate (SOFR)
Short-term Debt [Line Items]
Line of credit over LIBOR rate				0.11%
Bank of America (BofA) | Bank of America, Pricing | Secured Overnight Financing Rate (SOFR) Adjustment
Short-term Debt [Line Items]
Line of credit over LIBOR rate				0.11%
Warehouse Agreement Borrowings
Short-term Debt [Line Items]
Maximum Facility Size				$ 3,600,000,000	3,600,000,000
Carrying Value				1,172,125,000	1,277,451,000
Warehouse Agreement Borrowings | JP Morgan | JP Morgan Chase Bank, N.A. (JP Morgan), Pricing
Short-term Debt [Line Items]
Maximum Facility Size	$ 1,335,000,000			1,335,000,000	1,335,000,000
Carrying Value				$ 840,732,000	742,124,000
Line of credit over LIBOR rate				1.60%
Warehouse Agreement Borrowings | JP Morgan | JP Morgan Chase Bank, N.A. (JP Morgan), Pricing | Secured Overnight Financing Rate (SOFR)
Short-term Debt [Line Items]
Line of credit over LIBOR rate	0.05%			1.60%
Warehouse Agreement Borrowings | JP Morgan | JP Morgan Chase Bank, N.A. (JP Morgan), Pricing | Secured Overnight Financing Rate (SOFR) Adjustment
Short-term Debt [Line Items]
Line of credit over LIBOR rate	0.05%			0.05%
Warehouse Agreement Borrowings | JP Morgan | JP Morgan, Pricing
Short-term Debt [Line Items]
Maximum Facility Size				$ 15,000,000	15,000,000
Carrying Value				$ 7,519,000	4,326,000
Warehouse Agreement Borrowings | JP Morgan | JP Morgan, Pricing | Secured Overnight Financing Rate (SOFR)
Short-term Debt [Line Items]
Line of credit over LIBOR rate				2.75%
Warehouse Agreement Borrowings | JP Morgan | JP Morgan, Pricing | Secured Overnight Financing Rate (SOFR) Adjustment
Short-term Debt [Line Items]
Line of credit over LIBOR rate				0.05%
Warehouse Agreement Borrowings | Fannie Mae ASAP Program | Fannie Mae Multifamily ASAP Program, Pricing
Short-term Debt [Line Items]
Maximum Facility Size				$ 650,000,000	650,000,000	$ 650,000,000
Carrying Value				$ 109,961,000	133,084,000
Line of credit, LIBOR floor rate				0.25%
Warehouse Agreement Borrowings | Fannie Mae ASAP Program | Fannie Mae Multifamily ASAP Program, Pricing | London Interbank Offered Rate (LIBOR)
Short-term Debt [Line Items]
Line of credit over LIBOR rate				1.45%
Warehouse Agreement Borrowings | TD Bank | TD Bank, Pricing
Short-term Debt [Line Items]
Maximum Facility Size				$ 800,000,000	800,000,000		$ 400,000,000
Carrying Value				85,873,000	217,672,000
Revolving credit facility				$ 400,000,000
Warehouse Agreement Borrowings | TD Bank | TD Bank, Pricing | London Interbank Offered Rate (LIBOR)
Short-term Debt [Line Items]
Line of credit over LIBOR rate				1.30%
Warehouse Agreement Borrowings | Bank of America (BofA) | Bank of America, Pricing
Short-term Debt [Line Items]
Maximum Facility Size				$ 350,000,000	350,000,000
Carrying Value				$ 93,446,000	178,600,000
Warehouse Agreement Borrowings | Bank of America (BofA) | Bank of America, Pricing | Secured Overnight Financing Rate (SOFR)
Short-term Debt [Line Items]
Line of credit over LIBOR rate				1.30%
Warehouse Agreement Borrowings | Bank of America (BofA) | Bank of America, Pricing | Secured Overnight Financing Rate (SOFR) Adjustment
Short-term Debt [Line Items]
Line of credit over LIBOR rate				0.11%
Warehouse Agreement Borrowings | Bank of America (BofA) | Bank of America, Pricing | London Interbank Offered Rate (LIBOR)
Short-term Debt [Line Items]
Line of credit over LIBOR rate				1.30%
Warehouse Agreement Borrowings | Bank of America (BofA) | Bank of America, Pricing | Sublimit Borrowing Agreement
Short-term Debt [Line Items]
Maximum Facility Size				$ 100,000,000
Line of credit over LIBOR rate				1.75%
Line of credit, LIBOR floor rate				0.75%
Warehouse Agreement Borrowings | Bank of America (BofA) | BofA, pricing
Short-term Debt [Line Items]
Maximum Facility Size		$ 250,000,000		$ 250,000,000	250,000,000
Carrying Value				$ 0	0
Warehouse Agreement Borrowings | Bank of America (BofA) | BofA, pricing | Secured Overnight Financing Rate (SOFR)
Short-term Debt [Line Items]
Line of credit over LIBOR rate		1.30%		1.30%
Warehouse Agreement Borrowings | Bank of America (BofA) | BofA, pricing | Secured Overnight Financing Rate (SOFR) Adjustment
Short-term Debt [Line Items]
Line of credit over LIBOR rate				0.11%
Warehouse Agreement Borrowings | MUFG Union Bank, N.A. (Union Bank) | MUFG Union Bank, N.A. (Union Bank), Pricing
Short-term Debt [Line Items]
Maximum Facility Size				$ 200,000,000	200,000,000
Carrying Value				$ 34,594,000	$ 1,645,000
Warehouse Agreement Borrowings | MUFG Union Bank, N.A. (Union Bank) | MUFG Union Bank, N.A. (Union Bank), Pricing | London Interbank Offered Rate (LIBOR)
Short-term Debt [Line Items]
Line of credit over LIBOR rate			1.30%	1.30%

Variable Interest Entities (V_3

Variable Interest Entities (VIEs) (Detail) - Variable Interest Entity, Not Primary Beneficiary - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Investments in unconsolidated subsidiaries	$ 105,169	$ 109,530
Other current assets	0	4,219
Co-investment commitments	87,156	90,328
Maximum exposure to loss	$ 192,325	$ 204,077

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Investments in unconsolidated subsidiaries	$ 713,871	$ 813,031
Warehouse receivables	1,194,800	1,303,717
Recurring
Assets
Available for sale debt securities	68,569	71,328
Equity securities	42,488	69,880
Investments in unconsolidated subsidiaries	546,280	660,331
Warehouse receivables	1,194,800	1,303,717
Total assets at fair value	1,852,137	2,105,256
Liabilities
Other liabilities	1,322	10,700
Total liabilities at fair value	1,322	10,700
Recurring | Level 1
Assets
Available for sale debt securities	6,832	7,002
Equity securities	42,488	69,880
Investments in unconsolidated subsidiaries	163,460	229,900
Warehouse receivables	0	0
Total assets at fair value	212,780	306,782
Liabilities
Other liabilities	0	0
Total liabilities at fair value	0	0
Recurring | Level 2
Assets
Available for sale debt securities	61,737	64,326
Equity securities	0	0
Investments in unconsolidated subsidiaries	14,965	23,741
Warehouse receivables	1,194,800	1,303,717
Total assets at fair value	1,271,502	1,391,784
Liabilities
Other liabilities	0	0
Total liabilities at fair value	0	0
Recurring | Level 3
Assets
Available for sale debt securities	0	0
Equity securities	0	0
Investments in unconsolidated subsidiaries	367,855	406,690
Warehouse receivables	0	0
Total assets at fair value	367,855	406,690
Liabilities
Other liabilities	1,322	10,700
Total liabilities at fair value	1,322	10,700
Recurring | U.S. treasury securities
Assets
Available for sale debt securities	6,832	7,002
Recurring | U.S. treasury securities | Level 1
Assets
Available for sale debt securities	6,832	7,002
Recurring | U.S. treasury securities | Level 2
Assets
Available for sale debt securities	0	0
Recurring | U.S. treasury securities | Level 3
Assets
Available for sale debt securities	0	0
Recurring | Debt securities issued by U.S. federal agencies
Assets
Available for sale debt securities	10,146	9,276
Recurring | Debt securities issued by U.S. federal agencies | Level 1
Assets
Available for sale debt securities	0	0
Recurring | Debt securities issued by U.S. federal agencies | Level 2
Assets
Available for sale debt securities	10,146	9,276
Recurring | Debt securities issued by U.S. federal agencies | Level 3
Assets
Available for sale debt securities	0	0
Recurring | Corporate debt securities
Assets
Available for sale debt securities	47,806	50,897
Recurring | Corporate debt securities | Level 1
Assets
Available for sale debt securities	0	0
Recurring | Corporate debt securities | Level 2
Assets
Available for sale debt securities	47,806	50,897
Recurring | Corporate debt securities | Level 3
Assets
Available for sale debt securities	0	0
Recurring | Asset-backed securities
Assets
Available for sale debt securities	3,193	3,428
Recurring | Asset-backed securities | Level 1
Assets
Available for sale debt securities	0	0
Recurring | Asset-backed securities | Level 2
Assets
Available for sale debt securities	3,193	3,428
Recurring | Asset-backed securities | Level 3
Assets
Available for sale debt securities	0	0
Recurring | Collateralized mortgage obligations
Assets
Available for sale debt securities	592	725
Recurring | Collateralized mortgage obligations | Level 1
Assets
Available for sale debt securities	0	0
Recurring | Collateralized mortgage obligations | Level 2
Assets
Available for sale debt securities	592	725
Recurring | Collateralized mortgage obligations | Level 3
Assets
Available for sale debt securities	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Mar. 18, 2021	Aug. 13, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments in unconsolidated subsidiaries at fair value using NAV	$ 167,600		$ 152,700
Asset impairments	10,351	$ 0
Notes payable on real estate	$ 53,600		48,200
4.875% Senior Notes | Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate of long-term debt	4.875%				4.875%
2.5% Senior Notes | Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate of long-term debt	2.50%			2.50%
Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior term loans	$ 440,400		451,800
Estimated Fair Value | 4.875% Senior Notes | Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	628,100		671,700
Estimated Fair Value | 2.5% Senior Notes | Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	445,500		502,100
Actual Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior term loans	442,100		454,500
Actual Carrying Value | 4.875% Senior Notes | Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	595,700		595,500
Actual Carrying Value | 2.5% Senior Notes | Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	$ 488,400		$ 488,100

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Reconciliation for Assets and Liabilities Measured at Fair Value (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Investment in Unconsolidated Subsidiaries
Beginning balance	$ 406,690
Transfer in	0
Net change in fair value	(38,835)
Purchases/ Additions	0
Ending balance	367,855
Other liabilities
Beginning balance	10,700
Transfer in	0
Net change in fair value	0
Purchases/ Additions	(9,378)
Ending balance	$ 1,322

Fair Value Measurements - Unobs

Fair Value Measurements - Unobservable Inputs (Details)	Mar. 31, 2022
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other liabilities, measurement input	0.250
Discount rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment in unconsolidated subsidiaries, measurement input	0.14
Discount rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment in unconsolidated subsidiaries, measurement input	0.25
Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment in unconsolidated subsidiaries, measurement input	0.69
Risk free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment in unconsolidated subsidiaries, measurement input	0.024

Investments in Unconsolidated_3

Investments in Unconsolidated Subsidiaries - Additional Information (Detail)	Mar. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Equity method investments in unconsolidated subsidiaries, variations in ownership percentage	50.00%

Investments in Unconsolidated_4

Investments in Unconsolidated Subsidiaries - Investments (Details) - USD ($) $ / shares in Units, $ in Thousands	Apr. 11, 2022	Mar. 31, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Total investment in unconsolidated subsidiaries		$ 1,124,339	$ 1,196,088
Real estate investments
Schedule of Equity Method Investments [Line Items]
Total investment in unconsolidated subsidiaries		502,983	453,813
Class A common stock
Schedule of Equity Method Investments [Line Items]
Total investment in unconsolidated subsidiaries		$ 163,460	229,900
Common stock shares (in shares)		22,000,000
Class A common stock | Subsequent Event
Schedule of Equity Method Investments [Line Items]
Shares converted to Class A common stock (in shares)	2,011
Alignment shares
Schedule of Equity Method Investments [Line Items]
Total investment in unconsolidated subsidiaries		$ 73,016	114,727
Alignment shares | Subsequent Event
Schedule of Equity Method Investments [Line Items]
Alignment shares converted (in shares)	201,250
Private placement warrants
Schedule of Equity Method Investments [Line Items]
Total investment in unconsolidated subsidiaries		$ 14,965	23,741
Warrants, exercise price (in usd per share)		$ 11
Altus Power, Inc.
Schedule of Equity Method Investments [Line Items]
Total investment in unconsolidated subsidiaries		$ 251,441	368,368
Other
Schedule of Equity Method Investments [Line Items]
Total investment in unconsolidated subsidiaries		$ 369,915	$ 373,907

Investments in Unconsolidated_5

Investments in Unconsolidated Subsidiaries - Schedule of Condensed Financial Information of Equity Method Investments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Schedule of Equity Method Investments [Line Items]
Revenue	$ 7,332,933	$ 5,938,879
Operating income	376,952	269,084
Net income	396,271	268,977
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Equity Method Investments [Line Items]
Revenue	581,115	555,856
Operating income	273,693	275,462
Net income	$ 1,452,847	$ 368,217

Long-Term Debt and Short-Term_3

Long-Term Debt and Short-Term Borrowings - Schedule of Long-Term Debt (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 18, 2021	Aug. 13, 2015
Debt Instrument [Line Items]
Total long-term debt	$ 1,533,611	$ 1,545,859
Less: unamortized debt issuance costs	7,399	7,736
Long-term debt, net of current maturities	$ 1,526,212	1,538,123
Senior secured term loans
Debt Instrument [Line Items]
Interest rate	0.75%
Total long-term debt	$ 442,625	455,166
4.875% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Interest rate	4.875%			4.875%
Total long-term debt	$ 598,025	597,911
2.5% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Interest rate	2.50%		2.50%
Total long-term debt	$ 492,961	$ 492,782

Long-Term Debt and Short-Term_4

Long-Term Debt and Short-Term Borrowings - Long-Term Debt - Narrative (Detail)	Mar. 04, 2019USD ($)	Aug. 13, 2015USD ($)	Mar. 31, 2022USD ($)	Mar. 31, 2022EUR (€)	Jul. 09, 2021USD ($)	Mar. 18, 2021USD ($)
2021 Credit Agreement | Senior Notes
Debt Instrument [Line Items]
Minimum coverage ratio of EBITDA to total interest expense expressed in percentage			2.00%
Maximum leverage ratio of total debt less available cash to EBITDA expressed in percentage			4.25%
Maximum leverage ratio during first four quarter that qualified acquisition is consummated			4.75%
Coverage ratio of EBITDA to total interest expense			52.16	52.16
Leverage ratio of total debt less available cash to EBITDA			0.23	0.23
2.5% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Face amount of debt						$ 500,000,000
Interest rate of long-term debt			2.50%	2.50%		2.50%
Principal amount of debt issued, percentage of face value						98.451%
4.875% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Face amount of debt		$ 600,000,000
Interest rate of long-term debt		4.875%	4.875%	4.875%
Redemption price percentage		99.24%
Tranche A term loan facility | 2019 Credit Agreement
Debt Instrument [Line Items]
Repayments on line of credit	$ 300,000,000
Tranche A term loan facility | 2021 Credit Agreement
Debt Instrument [Line Items]
Face amount of debt | €				€ 300,000,000
Revolving credit facility | 2019 Credit Agreement
Debt Instrument [Line Items]
Increase in revolving credit commitment					$ 350,000,000
Revolving credit facility | 2021 Credit Agreement
Debt Instrument [Line Items]
Amounts available to borrow under credit agreement			$ 3,150,000,000
Euro term loan facility | 2021 Credit Agreement
Debt Instrument [Line Items]
Face amount of debt | €				€ 400,000,000

Long-Term Debt and Short-Term_5

Long-Term Debt and Short-Term Borrowings - Short Term Borrowings - Narrative (Detail) € in Millions	3 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2022EUR (€)	Mar. 30, 2022EUR (€)	Jan. 01, 2022	Dec. 31, 2021USD ($)
Debt Instrument [Line Items]
Revolving credit facility	$ 210,000,000				$ 0
Letters of credit outstanding amount	169,600,000
2021 Credit Agreement | Revolving credit facility
Debt Instrument [Line Items]
Amounts available to borrow under credit agreement	3,150,000,000
Credit spread adjustment rate				0.0326%
Revolving credit facility	210,000,000
Letters of credit outstanding amount	$ 2,000,000
2021 Credit Agreement | Revolving credit facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Line of credit over LIBOR rate	0.90%
2021 Credit Agreement | Revolving credit facility | Minimum
Debt Instrument [Line Items]
Credit Agreement applicable fixed rate spread	0.68%
Credit Agreement applicable daily rate spread	0.00%
2021 Credit Agreement | Revolving credit facility | Maximum
Debt Instrument [Line Items]
Credit Agreement applicable fixed rate spread	1.075%
Credit Agreement applicable daily rate spread	0.075%
2021 Credit Agreement | Canadian, Australian and New Zealand subsidiaries | Revolving credit facility
Debt Instrument [Line Items]
Amounts available to borrow under credit agreement	$ 200,000,000
2021 Credit Agreement | U.K. subsidiaries | Revolving credit facility
Debt Instrument [Line Items]
Amounts available to borrow under credit agreement	320,000,000
2022 Credit Agreement | Revolving credit facility | Turner & Townsend Holdings Limited
Debt Instrument [Line Items]
Amounts available to borrow under credit agreement | €			€ 80
2027 Credit Agreement | Revolving credit facility | Turner & Townsend Holdings Limited
Debt Instrument [Line Items]
Amounts available to borrow under credit agreement | €		€ 120
Revolving credit facility	$ 26,300,000	20
Additional accordion option | €		€ 20
2027 Credit Agreement | Revolving credit facility | Turner & Townsend Holdings Limited | SONIA
Debt Instrument [Line Items]
Line of credit over LIBOR rate	0.75%
2027 Credit Agreement | Revolving credit facility | Minimum | Turner & Townsend Holdings Limited | SONIA
Debt Instrument [Line Items]
Line of credit over LIBOR rate	0.75%
2027 Credit Agreement | Revolving credit facility | Maximum | Turner & Townsend Holdings Limited | SONIA
Debt Instrument [Line Items]
Line of credit over LIBOR rate	1.75%

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information Related to Leases (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets, net	Other assets, net
Operating	$ 1,030,391	$ 1,046,377
Financing	107,942	110,809
Total leased assets	$ 1,138,333	$ 1,157,186
Current:
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Operating	$ 220,730	$ 232,423
Financing	$ 37,076	$ 38,103
Non-current:
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Operating	$ 1,104,812	$ 1,116,562
Financing	70,750	73,257
Total lease liabilities	$ 1,433,368	$ 1,460,345

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information and Non-Cash Activity Related to Leases (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 14,784	$ 24,214
Right-of-use assets obtained in exchange for new financing lease liabilities	9,415	10,448
Other non-cash increases in operating lease right-of-use assets	25,346	5,940
Other non-cash decreases in financing lease right-of-use assets	$ (989)	$ (1,563)

Commitments and Contingencies (

Commitments and Contingencies (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Funded loans unpaid principal	$ 35,800
Letters of credit outstanding	169.6
Accrued loan loss	64.6	$ 64
Assets available for recourse	764.2
Guarantees total	$ 46.4
Co-investments typically range	2.00%
Commitments to investment in future real estate investment	$ 115.2
Commitments to investment in unconsolidated real estate subsidiary	49.7
Commitments to investments in consolidated projects	100.9
Forbearance Of Loans, CARES Act
Loss Contingencies [Line Items]
Advances for principal and interest	9.3
Warehouse Receivable
Loss Contingencies [Line Items]
Warehouse receivables	326.7
Funded loans subject to loss sharing arrangements
Loss Contingencies [Line Items]
Funded loans unpaid principal	31,800
Funded loans not subject to loss sharing arrangements
Loss Contingencies [Line Items]
Letters of credit outstanding	100
SBL Program
Loss Contingencies [Line Items]
Letters of credit outstanding	$ 5	$ 5
Percentage of maximum original principal amount loan loss	10.00%
CBRE Capital Markets
Loss Contingencies [Line Items]
Letters of credit outstanding	$ 105

Income Taxes (Detail)

Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Income Tax Disclosure [Abstract]
(Benefit from) provision for income taxes	$ (3,738)	$ 76,327
Increase (decrease) in income taxes	(80,100)
Discrete net income tax expense (benefit)	$ (82,200)	$ (82,200)
Effective tax rate	(1.00%)	22.10%
Federal statutory tax rate	21.00%
Unrecognized tax benefits	$ 331,200		$ 191,900
Increase (decrease) in unrecognized tax benefits	$ 139,300

Income Per Share and Stockhol_3

Income Per Share and Stockholders' Equity - Calculations of Basic and Diluted Income Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Basic Income Per Share
Net income attributable to CBRE Group, Inc. stockholders	$ 392,297	$ 266,202
Weighted average shares outstanding for basic income per share (in shares)	331,925,104	335,860,494
Basic income per share attributable to CBRE Group, Inc. stockholders (in dollars per share)	$ 1.18	$ 0.79
Diluted Income Per Share
Net income attributable to CBRE Group, Inc. stockholders	$ 392,297	$ 266,202
Weighted average shares outstanding for basic income per share (in shares)	331,925,104	335,860,494
Dilutive effect of contingently issuable shares (in shares)	5,215,221	3,720,010
Weighted average shares outstanding for diluted income per share (in shares)	337,140,325	339,580,504
Diluted income per share attributable to CBRE Group, Inc. stockholders (in dollars per share)	$ 1.16	$ 0.78

Income Per Share and Stockhol_4

Income Per Share and Stockholders' Equity - Narrative (Detail) - USD ($)	Nov. 19, 2021	Feb. 28, 2019	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Nov. 30, 2019	Aug. 31, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares repurchased during the period, value			$ 390,863,000	$ 64,142,000
Capacity remaining under current stock repurchase programs			$ 1,590,000,000
March 2019 Repurchase Program
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Authorized share repurchase amount		$ 300,000,000				$ 500,000,000
Authorized share repurchase term		3 years
Authorized share additional repurchase amount						$ 100,000,000	$ 100,000,000
Shares repurchased during the period (in shares)			615,108		3,122,054
Average price per share (in dollars per share)			$ 101.88		$ 92.03
Shares repurchased during the period, value			$ 62,700,000		$ 287,300,000
November 2021 Repurchase Program
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Authorized share repurchase amount	$ 2,000,000,000
Authorized share repurchase term	5 years
Shares repurchased during the period (in shares)			3,563,278		832,315
Average price per share (in dollars per share)			$ 92.10		$ 102.82
Shares repurchased during the period, value			$ 328,200,000		$ 85,600,000
Contingently Issuable Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded in computation of diluted income per share (in shares)			1,349,842	481,341

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Disaggregation of Revenue from Contracts with Customers (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	$ 7,168,411	$ 5,778,432
Total Out of Scope of Topic 606 Revenue	164,522	160,447
Total Revenue	7,332,933	5,938,879
Corporate, other and eliminations
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	(4,888)	(6,145)
Total Out of Scope of Topic 606 Revenue	0	0
Total Revenue	(4,888)	(6,145)
Advisory Services | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	2,117,461	1,548,445
Total Out of Scope of Topic 606 Revenue	130,987	159,567
Total Revenue	2,248,448	1,708,012
Global Workplace Solutions | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	4,805,616	4,025,883
Total Out of Scope of Topic 606 Revenue	0	0
Total Revenue	4,805,616	4,025,883
Real Estate Investments | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	250,222	210,249
Total Out of Scope of Topic 606 Revenue	33,535	880
Total Revenue	283,757	211,129
Facilities management
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	3,800,688	3,479,501
Facilities management | Global Workplace Solutions | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	3,800,688	3,479,501
Advisory leasing
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	772,722	520,216
Advisory leasing | Advisory Services | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	772,722	520,216
Advisory sales
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	619,827	392,312
Advisory sales | Advisory Services | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	619,827	392,312
Property management
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	450,984	421,043
Property management | Corporate, other and eliminations
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	(4,888)	(6,145)
Property management | Advisory Services | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	455,872	427,188
Project management
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	1,004,928	546,382
Project management | Global Workplace Solutions | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	1,004,928	546,382
Valuation
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	181,142	159,590
Valuation | Advisory Services | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	181,142	159,590
Commercial mortgage origination
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	73,890	33,751
Total Out of Scope of Topic 606 Revenue	70,980	106,113
Commercial mortgage origination | Advisory Services | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	73,890	33,751
Total Out of Scope of Topic 606 Revenue	70,980	106,113
Loan servicing
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	14,008	15,388
Total Out of Scope of Topic 606 Revenue	60,007	53,454
Loan servicing | Advisory Services | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	14,008	15,388
Total Out of Scope of Topic 606 Revenue	60,007	53,454
Investment management
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	150,567	132,071
Investment management | Real Estate Investments | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	150,567	132,071
Development services
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	99,655	78,178
Total Out of Scope of Topic 606 Revenue	33,535	880
Development services | Real Estate Investments | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	99,655	78,178
Total Out of Scope of Topic 606 Revenue	$ 33,535	$ 880

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract assets	$ 486,400	$ 474,400
Contract assets, current	352,064	338,749
Contract liabilities	303,700	288,900
Contract liabilities, current	295,642	$ 280,659
Recognized revenue included in contract liability	$ 77,500

Segments - Additional Informati

Segments - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022segment
Segment Reporting [Abstract]
Global business segments	3

Segments - Summarized Financial

Segments - Summarized Financial Information by Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Revenue	$ 7,332,933	$ 5,938,879
Total reportable segment operating profit	835,442	547,829
Corporate, other and eliminations
Segment Reporting Information [Line Items]
Revenue	(4,888)	(6,145)
Total reportable segment operating profit	239,743	53,910
Advisory Services | Operating Segments
Segment Reporting Information [Line Items]
Revenue	2,248,448	1,708,012
Total reportable segment operating profit	465,654	332,579
Global Workplace Solutions | Operating Segments
Segment Reporting Information [Line Items]
Revenue	4,805,616	4,025,883
Total reportable segment operating profit	202,736	152,183
Real Estate Investments | Operating Segments
Segment Reporting Information [Line Items]
Revenue	283,757	211,129
Total reportable segment operating profit	$ 167,052	$ 63,067

Segments - Reconciliation of To

Segments - Reconciliation of Total Reportable Segment Operating Profit to Net Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Net income attributable to CBRE Group, Inc.	$ 392,297	$ 266,202
Less: Net income attributable to non-controlling interests	3,974	2,775
Net income	396,271	268,977
Adjustments to increase (decrease) net income:
Depreciation and amortization	149,032	122,078
Asset impairments	10,351	0
Interest expense, net of interest income	12,826	10,106
(Benefit from) provision for income taxes	(3,738)	76,327
Carried interest incentive compensation expense to align with the timing of associated revenue	22,856	15,332
Impact of fair value adjustments to real estate assets acquired in the Telford acquisition (purchase accounting) that were sold in period	(1,696)	1,099
Costs incurred related to legal entity restructuring	1,676	0
Integration and other costs related to acquisitions	8,121	0
Total reportable segment operating profit	835,442	547,829
Corporate and other loss, including eliminations
Adjustments to increase (decrease) net income:
Total reportable segment operating profit	$ 239,743	$ 53,910

Segments - Summary of Geographi

Segments - Summary of Geographic Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 7,332,933	$ 5,938,879
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	4,131,397	3,348,859
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	985,999	777,044
All other countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 2,215,537	$ 1,812,976