CBRE (CBRE) 10-Q 4 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Jul. 29, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 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		321,171,475
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001138118
Current Fiscal Year End Date	--12-31

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 1,192,783	$ 2,430,951
Restricted cash	137,933	108,830
Receivables, less allowance for doubtful accounts of $94,568 and $97,588 at June 30, 2022 and December 31, 2021, respectively	5,122,787	5,150,473
Warehouse receivables	1,034,025	1,303,717
Prepaid expenses	350,409	333,885
Contract assets	344,750	338,749
Income taxes receivable	20,759	44,104
Other current assets	668,770	371,656
Total Current Assets	8,872,216	10,082,365
Property and equipment, net of accumulated depreciation and amortization of $1,352,276 and $1,288,509 at June 30, 2022 and December 31, 2021, respectively	778,535	816,092
Goodwill	4,794,847	4,995,175
Other intangible assets, net of accumulated amortization of $1,809,034 and $1,725,280 at June 30, 2022 and December 31, 2021, respectively	2,256,613	2,409,427
Operating lease assets	1,040,233	1,046,377
Investments in unconsolidated subsidiaries (with $770,898 and $813,031 at fair value at June 30, 2022 and December 31, 2021, respectively)	1,201,745	1,196,088
Non-current contract assets	147,964	135,626
Real estate under development	234,341	326,416
Non-current income taxes receivable	41,488	33,150
Deferred tax assets, net	157,997	157,032
Other assets, net	912,693	875,743
Total Assets	20,438,672	22,073,491
Current Liabilities:
Accounts payable and accrued expenses	2,825,499	2,916,331
Compensation and employee benefits payable	1,478,874	1,539,291
Accrued bonus and profit sharing	1,082,161	1,694,590
Operating lease liabilities	224,982	232,423
Contract liabilities	281,988	280,659
Income taxes payable	178,160	246,035
Short-term borrowings:
Warehouse lines of credit (which fund loans that U.S. Government Sponsored Enterprises have committed to purchase)	1,017,949	1,277,451
Revolving credit facility	310,000	0
Other short-term borrowings	37,633	32,668
Total short-term borrowings	1,365,582	1,310,119
Other current liabilities	186,547	199,421
Total Current Liabilities	7,623,793	8,418,869
Long-term debt, net of current maturities	1,503,494	1,538,123
Non-current operating lease liabilities	1,095,047	1,116,562
Non-current tax liabilities	127,754	144,884
Non-current income taxes payable	54,761	54,761
Deferred tax liabilities, net	269,717	405,258
Other liabilities	869,122	1,035,917
Total Liabilities	11,543,688	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; 322,117,764 and 332,875,959 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	3,221	3,329
Additional paid-in capital	0	798,892
Accumulated earnings	9,084,358	8,366,631
Accumulated other comprehensive loss	(951,569)	(640,659)
Total CBRE Group, Inc. Stockholders’ Equity	8,136,010	8,528,193
Non-controlling interests	758,974	830,924
Total Equity	8,894,984	9,359,117
Total Liabilities and Equity	$ 20,438,672	$ 22,073,491

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current Assets:
Receivables, allowance for doubtful accounts	$ 94,568	$ 97,588
Accumulated depreciation and amortization	1,352,276	1,288,509
Other intangible assets, accumulated amortization	1,809,034	1,725,280
Investments in unconsolidated subsidiaries, fair value	$ 770,898	$ 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)	322,117,764	332,875,959
Class A common stock, shares outstanding (in shares)	322,117,764	332,875,959

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenue	$ 7,771,278	$ 6,458,613	$ 15,104,211	$ 12,397,492
Costs and expenses:
Cost of revenue	6,053,984	5,016,759	11,806,178	9,736,305
Operating, administrative and other	1,188,819	957,216	2,254,815	1,785,543
Depreciation and amortization	162,359	119,085	311,391	241,163
Asset impairments	26,405	0	36,756	0
Total costs and expenses	7,431,567	6,093,060	14,409,140	11,763,011
Gain on disposition of real estate	177,226	929	198,818	1,085
Operating income	516,937	366,482	893,889	635,566
Equity income from unconsolidated subsidiaries	119,168	212,132	162,039	295,726
Other (loss) income	(6,909)	12,045	(21,373)	14,777
Interest expense, net of interest income	18,518	13,772	31,344	23,878
Income before provision for income taxes	610,678	576,887	1,003,211	922,191
Provision for income taxes	120,762	133,445	117,024	209,772
Net income	489,916	443,442	886,187	712,419
Less: Net income attributable to non-controlling interests	2,594	805	6,568	3,580
Net income attributable to CBRE Group, Inc.	$ 487,322	$ 442,637	$ 879,619	$ 708,839
Basic income per share:
Net income per share attributable to CBRE Group, Inc. (in dollars per share)	$ 1.50	$ 1.32	$ 2.68	$ 2.11
Weighted average shares outstanding for basic income per share (in shares)	325,415,305	335,643,233	328,692,585	335,751,530
Diluted income per share:
Net income per share attributable to CBRE Group, Inc. (in dollars per share)	$ 1.48	$ 1.30	$ 2.64	$ 2.09
Weighted average shares outstanding for diluted income per share (in shares)	329,843,710	339,502,871	333,514,398	339,541,354

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 489,916	$ 443,442	$ 886,187	$ 712,419
Other comprehensive (loss) income:
Foreign currency translation (loss) gain	(303,894)	18,402	(385,179)	(33,944)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax	107	107	215	214
Unrealized holding losses on available for sale debt securities, net of tax	(2,116)	(508)	(3,847)	(1,186)
Other, net of tax	(100)	0	0	0
Total other comprehensive (loss) income	(306,003)	18,001	(388,811)	(34,916)
Comprehensive income	183,913	461,443	497,376	677,503
Less: Comprehensive (loss) income attributable to non-controlling interests	(53,280)	835	(71,333)	3,502
Comprehensive income attributable to CBRE Group, Inc.	$ 237,193	$ 460,608	$ 568,709	$ 674,001

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 886,187	$ 712,419
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	311,391	241,163
Amortization of financing costs	3,407	3,317
Gains related to mortgage servicing rights, premiums on loan sales and sales of other assets	(87,150)	(132,004)
Asset impairments	36,756	0
Net realized and unrealized losses (gains), primarily from investments	27,251	(14,777)
Provision for doubtful accounts	7,781	12,789
Net compensation expense for equity awards	82,322	85,233
Equity income from unconsolidated subsidiaries	(162,039)	(295,726)
Distribution of earnings from unconsolidated subsidiaries	315,255	232,627
Proceeds from sale of mortgage loans	7,270,423	7,902,512
Origination of mortgage loans	(6,984,779)	(7,578,056)
Decrease in warehouse lines of credit	(259,502)	(281,808)
Tenant concessions received	4,250	12,874
Purchase of equity securities	(13,931)	(3,896)
Proceeds from sale of equity securities	25,296	5,488
Decrease (increase) in real estate under development	74,127	(27,894)
Increase in receivables, prepaid expenses and other assets (including contract and lease assets)	(509,350)	(100,368)
Decrease in accounts payable and accrued expenses and other liabilities (including contract and lease liabilities)	(194,236)	(275,591)
Decrease in compensation and employee benefits payable and accrued bonus and profit sharing	(573,809)	(359,365)
(Increase) decrease in net income taxes receivable/payable	(60,160)	83,325
Other operating activities, net	(138,574)	4,856
Net cash provided by operating activities	60,916	227,118
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(96,722)	(75,944)
Acquisition of businesses, including net assets acquired and goodwill, net of cash acquired	(45,377)	(57,920)
Contributions to unconsolidated subsidiaries	(220,492)	(245,714)
Distributions from unconsolidated subsidiaries	42,006	36,207
Other investing activities, net	(8,357)	(1,120)
Net cash used in investing activities	(328,942)	(344,491)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from revolving credit facility	310,000	0
Proceeds from notes payable on real estate	15,706	48,548
Repayment of notes payable on real estate	(16,544)	0
Proceeds from issuance of 2.500% senior notes	0	492,255
Repurchase of common stock	(993,769)	(88,275)
Acquisition of businesses (cash paid for acquisitions more than three months after purchase date)	(28,431)	(3,421)
Units repurchased for payment of taxes on equity awards	(34,841)	(36,275)
Non-controlling interest contributions	713	527
Non-controlling interest distributions	(370)	(3,377)
Other financing activities, net	(12,960)	(30,958)
Net cash (used in) provided by financing activities	(760,496)	379,024
Effect of currency exchange rate changes on cash and cash equivalents and restricted cash	(180,543)	(44,089)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(1,209,065)	217,562
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	1,330,716	2,256,809
Cash paid during the period for:
Interest	27,745	16,212
Income tax payments, net	$ 336,266	$ 131,156

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical)	Jun. 30, 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	712,419			708,839		3,580
Net compensation expense for equity awards	85,233		85,233
Units repurchased for payment of taxes on equity awards	(36,275)		(36,275)
Repurchase of common stock	(88,275)	(11)	(88,264)
Foreign currency translation (loss) gain	(33,944)				(33,866)	(78)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax	214				214
Unrealized holding losses on available for sale debt securities, net of tax	(1,186)				(1,186)
Contributions from non-controlling interests	527					527
Distributions to non-controlling interests	(3,377)					(3,377)
Other	(34,747)	12	(33,501)			(1,258)
Ending balance at Jun. 30, 2021	7,720,676	3,357	1,001,832	7,238,896	(564,564)	41,155
Beginning balance at Mar. 31, 2021	7,271,384	3,359	1,013,287	6,796,259	(582,535)	41,014
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	443,442			442,637		805
Net compensation expense for equity awards	49,447		49,447
Units repurchased for payment of taxes on equity awards	(1,392)		(1,392)
Repurchase of common stock	(24,133)	(3)	(24,130)
Foreign currency translation (loss) gain	18,402				18,372	30
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	(508)				(508)
Contributions from non-controlling interests	455					455
Distributions to non-controlling interests	(725)					(725)
Other	(35,803)	1	(35,380)			(424)
Ending balance at Jun. 30, 2021	7,720,676	3,357	1,001,832	7,238,896	(564,564)	41,155
Beginning balance at Dec. 31, 2021	9,359,117	3,329	798,892	8,366,631	(640,659)	830,924
Ending balance at Mar. 31, 2022	9,282,825	3,296	409,187	8,758,928	(701,440)	812,854
Beginning balance at Dec. 31, 2021	9,359,117	3,329	798,892	8,366,631	(640,659)	830,924
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	886,187			879,619		6,568
Net compensation expense for equity awards	82,322		82,322
Units repurchased for payment of taxes on equity awards	(34,841)		(34,841)
Repurchase of common stock	(1,002,172)	(117)	(840,163)	(161,892)
Foreign currency translation (loss) gain	(385,179)				(307,278)	(77,901)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of tax	215				215
Unrealized holding losses on available for sale debt securities, net of tax	(3,847)				(3,847)
Contributions from non-controlling interests	713					713
Distributions to non-controlling interests	(370)					(370)
Other	(7,161)	9	(6,210)			(960)
Ending balance at Jun. 30, 2022	8,894,984	3,221	0	9,084,358	(951,569)	758,974
Beginning balance at Mar. 31, 2022	9,282,825	3,296	409,187	8,758,928	(701,440)	812,854
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	489,916			487,322		2,594
Net compensation expense for equity awards	45,459		45,459
Units repurchased for payment of taxes on equity awards	(3,446)		(3,446)
Repurchase of common stock	(611,309)	(75)	(449,342)	(161,892)
Foreign currency translation (loss) gain	(303,894)				(248,020)	(55,874)
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	(2,116)				(2,116)
Contributions from non-controlling interests	503					503
Distributions to non-controlling interests	(157)					(157)
Other	(2,904)		(1,858)		(100)	(946)
Ending balance at Jun. 30, 2022	$ 8,894,984	$ 3,221	$ 0	$ 9,084,358	$ (951,569)	$ 758,974

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 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 During the first quarter of 2020, the emergence of the novel coronavirus (Covid-19) resulted in sharp contraction of economic and commercial real estate activity across much of the world. Commercial real estate markets recovered strongly beginning in 2021 and continuing into the second quarter of 2022. However, it is expected the pandemic has structurally changed the utilization of many types of commercial real estate, which likely will impact our business. In addition, Russia’s invasion of Ukraine and ongoing military conflict pose heightened risk for our operations in Europe, and have exacerbated supply chain disruptions, high inflation and other macro challenges already affecting the global economy. As a result of Russia’s invasion, 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. 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	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements 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. In June 2022, the FASB issued ASU 2022-03, "Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restriction s." Topic 820, Fair Value Measurement, states that a reporting entity should consider the characteristics of the asset or liability when measuring the fair value, including restrictions on the sale of the asset or liability, if a market participant would take those characteristics into account and the key to that determination is the unit of account for the asset or liability being measured at fair value. Topic 820 contains conflicting guidance on what the unit of account is when measuring the fair value of an equity security and this has resulted in diversity in practice on whether the effects of a contractual restriction that prohibits the sale of an equity security should be considered in measuring equity security’s fair value. To address this, the amendments in the ASU clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The ASU introduces new disclosure requirements to provide investors with information about the restriction including the nature and remaining duration of the restriction. 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	6 Months Ended
	Jun. 30, 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 made in 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	6 Months Ended
	Jun. 30, 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 June 30, 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 6,984,779 Gains (premiums on loan sales) 23,563 Proceeds from sale of mortgage loans: Sale of mortgage loans (7,246,860) Cash collections of premiums on loan sales (23,563) Proceeds from sale of mortgage loans (7,270,423) Net decrease in mortgage servicing rights included in warehouse receivables (7,611) Ending balance at June 30, 2022 $ 1,034,025 The following table is a summary of our warehouse lines of credit in place as of June 30, 2022 and December 31, 2021 (dollars in thousands): June 30, 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 $ 782,673 $ 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% 15,000 884 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 58,705 650,000 133,084 TD Bank, N.A. (TD Bank) (3) 7/15/2022 daily floating rate LIBOR plus 1.30% 800,000 78,389 800,000 217,672 Bank of America, N.A. (BofA) (4) 5/24/2023 daily floating rate SOFR rate plus 1.25%, with a SOFR adjustment rate of 0.10% 350,000 93,458 350,000 178,600 BofA (5) 5/24/2023 daily floating rate SOFR rate 1.25%, with a SOFR adjustment rate of 0.10% 250,000 — 250,000 — MUFG Union Bank, N.A. (Union Bank) (6) 6/27/2023 daily floating rate SOFR plus 1.30% 200,000 3,840 200,000 1,645 $ 3,600,000 $ 1,017,949 $ 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 1.25% and a maturity date of July 15, 2022. Effective July 16, 2022, this facility was renewed with a revised interest rate of daily floating rate SOFR rate plus 1.30%, with a SOFR adjustment rate of 0.10% and a maturity date of July 15, 2023. As of June 30, 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 May 25, 2022, this facility was renewed with a revised interest rate of daily floating rate SOFR rate plus 1.25%, with a SOFR adjustment rate of 0.10% and a maturity date of May 24, 2023. The sublimit is subject to an interest rate of daily floating rate SOFR plus 1.75%, with a SOFR adjustment rate of 0.10%. As of June 30, 2022, the sublimit borrowing has not been utilized. (5) Effective May 25, 2022, the advised consent line was renewed for $250.0 million of capacity with a revised interest rate of daily floating rate SOFR rate plus 1.25%, with a SOFR adjustment rate of 0.10%, and a maturity date of May 24, 2023. (6) Effective June 27, 2022, this facility was renewed with a facility size of $200.0 million and a revised interest rate of daily floating rate SOFR rate plus 1.30% and a maturity date of June 27, 2023. During the six months ended June 30, 2022, we had a maximum of $1.5 billion of warehouse lines of credit principal outstanding.

Variable Interest Entities (VIE

Variable Interest Entities (VIEs)	6 Months Ended
	Jun. 30, 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 June 30, 2022 and December 31, 2021, our maximum exposure to loss related to VIEs which are not consolidated was as follows (dollars in thousands): June 30, December 31, Investments in unconsolidated subsidiaries $ 111,220 $ 109,530 Other current assets — 4,219 Co-investment commitments 78,799 90,328 Maximum exposure to loss $ 190,019 $ 204,077

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 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 2021 Annual Report . The following tables present the fair value of assets and liabilities measured at fair value on a recurring basis as of June 30, 2022 and December 31, 2021 (dollars in thousands): As of June 30, 2022 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale debt securities: U.S. treasury securities $ 6,585 $ — $ — $ 6,585 Debt securities issued by U.S. federal agencies — 9,178 — 9,178 Corporate debt securities — 46,774 — 46,774 Asset-backed securities — 2,941 — 2,941 Collateralized mortgage obligations — 163 — 163 Total available for sale debt securities 6,585 59,056 — 65,641 Equity securities 35,484 — — 35,484 Investments in unconsolidated subsidiaries 138,818 12,009 441,626 592,453 Warehouse receivables — 1,034,025 — 1,034,025 Other assets — — 1,867 1,867 Total assets at fair value $ 180,887 $ 1,105,090 $ 443,493 $ 1,729,470 There were no liabilities measured at fair value on a recurring basis as of June 30, 2022. As of December 31, 2021 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale 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 June 30, 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 June 30, 2022 and December 31, 2021, investments in unconsolidated subsidiaries at fair value using NAV were $178.4 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 assets (liabilities) Balance as of March 31, 2022 $ 367,855 $ (1,322) Transfer in — — Net change in fair value (26,229) — Purchases / Additions 100,000 3,189 Balance as of June 30, 2022 $ 441,626 $ 1,867 Balance as of December 31, 2021 $ 406,690 $ (10,700) Transfer in — — Net change in fair value (65,064) — Purchases / Additions 100,000 12,567 Balance as of June 30, 2022 $ 441,626 $ 1,867 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 assets (liabilities) Other (loss) 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 14.5% - 26.0% Monte Carlo Volatility 69.0 % Risk free interest rate 3.02 % Other assets (liabilities) Discounted cash flow Discount rate 26.0 % 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. During the three months ended June 30, 2022, we recorded a non-cash goodwill impairment charge of $26.4 million in our Real Estate Investments segment for the Telford Homes business. The charge is attributable to the effects of elevated inflation on construction, materials and labor costs. This increased Telford Homes’ risk as the contractor and reduced the profitability of current projects. We are evaluating changes in Telford Homes’ investment model to limit the impact of inflation and other market changes on future projects. The requirement to test certain assets for impairment was triggered as a result of changing market conditions as of June 30, 2022, which resulted in the impairment to the goodwill balance associated with the Telford Homes reporting unit. No other Telford Homes assets were deemed impaired as their current value was deemed recoverable. The above-mentioned asset impairment charge was included within the line item “asset impairments” in the accompanying consolidated statements of operations. The fair value measurements employed for our impairment evaluation was based on a discounted cash flow approach. Significant inputs used in the evaluation included a risk-free rate of return, estimated risk premium, terminal growth rates, working capital assumptions, income tax rates as well as other economic variables. There were no significant non-recurring fair value measurements recorded during the three and six months ended June 30, 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 9). • 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 $413.2 million and $451.8 million at June 30, 2022 and December 31, 2021, respectively. Their actual carrying value, net of unamortized debt issuance costs, totaled $418.9 million and $454.5 million at June 30, 2022 and December 31, 2021, respectively (see Note 9). • 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 $607.4 million and $671.7 million at June 30, 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 $596.0 million and $595.5 million at June 30, 2022 and December 31, 2021, respectively. The estimated fair value of our 2.500% senior notes was $506.1 million and $502.1 million at June 30, 2022 and December 31, 2021. The actual carrying value of our 2.500% senior notes, net of unamortized debt issuance costs and discount, totaled $488.7 million and $488.1 million at June 30, 2022 and December 31, 2021. • Notes Payable on Real Estate - As of June 30, 2022 and December 31, 2021, the carrying value of our notes payable on real estate, net of unamortized debt issuance costs, was $43.8 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.

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill We test each of our reporting units for goodwill impairment annually at October 1st, or upon a triggering event, in accordance with ASC Topic 350, “Intangibles – Goodwill and Other.” During the three months ended June 30, 2022, we recorded a non-cash goodwill impairment charge of $26.4 million in our Real Estate Investments segment for the Telford Homes business. The charge is attributable to the effects of elevated inflation on construction, materials and labor costs. This increased Telford Homes’ risk as the contractor and reduced the profitability of current projects. We are evaluating changes in Telford Homes’ investment model to limit the impact of inflation and other market changes on future projects. The requirement to test certain assets for impairment was triggered as a result of changing market conditions as of June 30, 2022, which resulted in the impairment to the goodwill balance associated with the Telford Homes reporting unit. No other Telford Homes assets were deemed impaired as their current value was deemed recoverable. (see note 6 for additional information). The following table summarizes our change in carrying amount of goodwill for the six months ended June 30, 2022 (dollars in thousands): Advisory Global Workspace Solutions Real Estate Investments Consolidated Balance as of December 31, 2021 Goodwill $ 3,298,494 $ 2,174,029 $ 616,158 $ 6,088,681 Accumulated impairment losses (761,448) (175,473) (156,585) (1,093,506) 2,537,046 1,998,556 459,573 4,995,175 Impairment loss — — (26,405) (26,405) Purchase accounting entries related to acquisitions 37,358 (27,806) — 9,552 Foreign exchange movement (40,827) (119,850) (22,798) (183,475) Balance as of June 30, 2022 Goodwill 3,295,025 2,026,373 593,360 5,914,758 Accumulated impairment losses (761,448) (175,473) (182,990) (1,119,911) $ 2,533,577 $ 1,850,900 $ 410,370 $ 4,794,847

Investments in Unconsolidated S

Investments in Unconsolidated Subsidiaries	6 Months Ended
	Jun. 30, 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) as of: Investment type June 30, 2022 December 31, 2021 Real estate investments $ 536,825 $ 453,813 Investment in Altus Power, Inc.: Class A common stock (22 million shares) 138,818 229,900 Alignment shares (1) 57,967 114,727 Private placement warrants (2) 12,009 23,741 Subtotal 208,794 368,368 Other (3) 456,126 373,907 Total investment in unconsolidated subsidiaries $ 1,201,745 $ 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 y ears 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 Six Months Ended 2022 2021 2022 2021 Revenue $ 646,576 $ 906,765 $ 1,227,692 $ 1,462,622 Operating income 191,693 431,539 465,386 707,001 Net income (1) 1,499,234 1,108,718 2,952,081 1,476,935 _______________ (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	6 Months Ended
	Jun. 30, 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): June 30, December 31, Senior term loan, with interest of 0.75% plus EURIBOR adj, due in full at maturity on December 20, 2023 $ 419,287 $ 455,166 4.875% senior notes due in 2026, net of unamortized discount 598,139 597,911 2.500% senior notes due in 2031, net of unamortized discount 493,127 492,782 Total long-term debt 1,510,553 1,545,859 Less: unamortized debt issuance costs 7,059 7,736 Total long-term debt, net of current maturities $ 1,503,494 $ 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 June 30, 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 48.81x for the trailing twelve months ended June 30, 2022, and our leverage ratio of total debt less available cash to consolidated EBITDA was 0.34x as of June 30, 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 June 30, 2022, $310.0 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 borrowings 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 June 30, 2022, $24.4 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	6 Months Ended
	Jun. 30, 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 June 30, December 31, Assets Operating Operating lease assets $ 1,040,233 $ 1,046,377 Financing Other assets, net 93,487 110,809 Total leased assets $ 1,133,720 $ 1,157,186 Liabilities Current: Operating Operating lease liabilities $ 224,982 $ 232,423 Financing Other current liabilities 31,237 38,103 Non-current: Operating Non-current operating lease liabilities 1,095,047 1,116,562 Financing Other liabilities 60,612 73,257 Total lease liabilities $ 1,411,878 $ 1,460,345 Supplemental cash flow information and non-cash activity related to our operating and finance leases are as follows (dollars in thousands): Six Months Ended 2022 2021 Right-of-use assets obtained in exchange for new operating lease liabilities $ 95,056 $ 62,591 Right-of-use assets obtained in exchange for new financing lease liabilities 16,612 22,430 Other non-cash increases in operating lease right-of-use assets (1) 35,787 6,876 Other non-cash decreases in financing lease right-of-use assets (1) (10,427) (2,496) _______________________________ (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 June 30, December 31, Assets Operating Operating lease assets $ 1,040,233 $ 1,046,377 Financing Other assets, net 93,487 110,809 Total leased assets $ 1,133,720 $ 1,157,186 Liabilities Current: Operating Operating lease liabilities $ 224,982 $ 232,423 Financing Other current liabilities 31,237 38,103 Non-current: Operating Non-current operating lease liabilities 1,095,047 1,116,562 Financing Other liabilities 60,612 73,257 Total lease liabilities $ 1,411,878 $ 1,460,345 Supplemental cash flow information and non-cash activity related to our operating and finance leases are as follows (dollars in thousands): Six Months Ended 2022 2021 Right-of-use assets obtained in exchange for new operating lease liabilities $ 95,056 $ 62,591 Right-of-use assets obtained in exchange for new financing lease liabilities 16,612 22,430 Other non-cash increases in operating lease right-of-use assets (1) 35,787 6,876 Other non-cash decreases in financing lease right-of-use assets (1) (10,427) (2,496) _______________________________

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 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 $36.3 billion at June 30, 2022, of which $32.3 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 June 30, 2022 and December 31, 2021, CBRE MCI had $105.0 million and $100.0 million, respectively, of letters of credit under this reserve arrangement and had recorded a liability of approximately $61.2 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 $742.5 million (including $305.0 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 June 30, 2022. 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 June 30, 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 $176.3 million as of June 30, 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 $110.0 million as of June 30, 2022 referred to in the preceding paragraphs represented the majority of the $176.3 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 $63.8 million as of June 30, 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 $63.8 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 June 30, 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 June 30, 2022, we had aggregate commitments of $106.5 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 June 30, 2022, we had committed to fund $75.4 million of additional capital to unconsolidated subsidiaries and $67.8 million to real estate projects that were consolidated in our financial statements. On April 28, 2022, Telford Homes signed the UK government’s Fire Safety Pledge (the Pledge), which states that Telford Homes will (1) take responsibility for performing or funding self-remediation works relating to life-critical fire-safety issues on all Telford Homes-constructed buildings of 11 meters and above in England and (2) withdraw Telford Homes-constructed buildings from or reimburse the government for Telford Homes-constructed buildings covered in the government-sponsored Building Safety Fund (BSF) and Aluminum Composite Material Funds. CBRE believes that a risk of loss attributable to past events, including retroactive changes in building fire-safety regulations, is probable under the Pledge. The estimated potential remediation costs for buildings within the required scope of the remediation is subjective, highly complex and dependent on a number of variables outside of Telford Homes’ control. These include, but are not limited to, the time required for the remediation to be completed, the size and number of buildings that may require remediation, cost of construction or remediation materials, potential discoveries made during remediation that could necessitate incremental work, investigation costs, potential business disruption costs, potential changes to or new regulation and regulatory approval. As a result of signing the Pledge, during the three months ended June 30, 2022, CBRE accrued $37.5 million for the potential liability, primarily representing amounts the UK government has already paid through the BSF for remediation of Telford-constructed buildings. Given the significant unknowns and multiple variables described above, CBRE is not able to estimate a reasonable range of costs in excess of the amount recorded as of June 30, 2022. CBRE continues to assess its potential liability and believes it could be material to the company.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our provision for income taxes on a consolidated basis was $120.8 million for the three months ended June 30, 2022 as compared to a provision for income taxes of $133.4 million for the three months ended June 30, 2021. The decrease of $12.7 million is primarily related to the recognition of a net discrete tax benefit for certain state tax attributes. Our provision for income taxes on a consolidated basis was $117.0 million for the six months ended June 30, 2022 as compared to a provision for income taxes of $209.8 million for the six months ended June 30, 2021. The decrease of $92.7 million is primarily related to the recognition of a net discrete tax benefit attributable to an outside basis difference recognized as a result of legal entity restructuring. 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 conclude it is more likely than not that we will realize the full tax benefit of the tax attributes. Accordingly, we have not provided any valuation allowance against the deferred tax assets. Our effective tax rate decreased to 19.8% for the three months ended June 30, 2022 from 23.1% for the three months ended June 30, 2021. Our effective tax rate decreased to 11.7% for the six months ended June 30, 2022 from 22.7% for the six months ended June 30, 2021. Our effective tax rate for the three and six months ended June 30, 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 attributable to an outside basis difference recognized as a result of legal entity restructuring and certain state tax benefits. As of June 30, 2022 and December 31, 2021, the company had gross unrecognized tax benefits of $341.1 million and $191.9 million, respectively. The increase of $149.2 million resulted from accrual of gross unrecognized tax benefits of $151.0 million primarily related to certain legal entity reorganizations and a release of $1.8 million of gross unrecognized tax benefits primarily related to the expiration of statute of limitations in various tax jurisdictions.

Income Per Share and Stockholde

Income Per Share and Stockholders' Equity	6 Months Ended
	Jun. 30, 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 Six Months Ended 2022 2021 2022 2021 Basic Income Per Share Net income attributable to CBRE Group, Inc. stockholders $ 487,322 $ 442,637 $ 879,619 $ 708,839 Weighted average shares outstanding for basic income per share 325,415,305 335,643,233 328,692,585 335,751,530 Basic income per share attributable to CBRE Group, Inc. stockholders $ 1.50 $ 1.32 $ 2.68 $ 2.11 Diluted Income Per Share Net income attributable to CBRE Group, Inc. stockholders $ 487,322 $ 442,637 $ 879,619 $ 708,839 Weighted average shares outstanding for basic income per share 325,415,305 335,643,233 328,692,585 335,751,530 Dilutive effect of contingently issuable shares 4,428,405 3,859,638 4,821,813 3,789,824 Weighted average shares outstanding for diluted income per share 329,843,710 339,502,871 333,514,398 339,541,354 Diluted income per share attributable to CBRE Group, Inc. stockholders $ 1.48 $ 1.30 $ 2.64 $ 2.09 For the three and six months ended June 30, 2022, 1,715,891 and 1,383,041, 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. For the three and six months ended June 30, 2021, 3,974 and 15,852, 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 $500.0 million of our Class A common stock over three years (the 2019 program). During the first quarter of 2022, we repurchased 615,108 shares of our common stock under the 2019 program at 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 three months ended June 30, 2022, we repurchased 7,510,123 shares of our common stock with an average price of $81.39 per share using cash on hand for $611.2 million. During the six months ended June 30, 2022, we repurchased an additional 11,073,401 shares of our common stock with an average price of $84.83 per share using cash on hand for $939.4 million. As of June 30, 2022, we had approximately $975.0 million of capacity remaining under the 2021 program.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 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 June 30, 2022 Advisory Global Real Estate Corporate, other and eliminations Consolidated Topic 606 Revenue: Facilities management $ — $ 3,820,120 $ — $ — $ 3,820,120 Advisory leasing 969,708 — — — 969,708 Advisory sales 715,719 — — — 715,719 Property management 460,992 — — (2,131) 458,861 Project management — 1,088,025 — — 1,088,025 Valuation 196,539 — — — 196,539 Commercial mortgage origination (1) 81,293 — — — 81,293 Loan servicing (2) 13,833 — — — 13,833 Investment management — — 157,554 — 157,554 Development services — — 102,839 — 102,839 Topic 606 Revenue 2,438,084 4,908,145 260,393 (2,131) 7,604,491 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 79,090 — — — 79,090 Loan servicing 70,809 — — — 70,809 Development services (3) — — 16,888 — 16,888 Total Out of Scope of Topic 606 Revenue 149,899 — 16,888 — 166,787 Total Revenue $ 2,587,983 $ 4,908,145 $ 277,281 $ (2,131) $ 7,771,278 Three Months Ended June 30, 2021 Advisory Global Real Estate Corporate, other and eliminations Consolidated Topic 606 Revenue: Facilities management $ — $ 3,435,754 $ — $ — $ 3,435,754 Advisory leasing 692,908 — — — 692,908 Advisory sales 611,834 — — — 611,834 Property management 423,244 — — (4,457) 418,787 Project management — 646,968 — — 646,968 Valuation 181,226 — — — 181,226 Commercial mortgage origination (1) 72,211 — — — 72,211 Loan servicing (2) 5,118 — — — 5,118 Investment management — — 139,271 — 139,271 Development services — — 92,514 — 92,514 Topic 606 Revenue 1,986,541 4,082,722 231,785 (4,457) 6,296,591 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 89,667 — — — 89,667 Loan servicing 60,777 — — — 60,777 Development services (3) — — 11,578 — 11,578 Total Out of Scope of Topic 606 Revenue 150,444 — 11,578 — 162,022 Total Revenue $ 2,136,985 $ 4,082,722 $ 243,363 $ (4,457) $ 6,458,613 _______________________________ (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. Six Months Ended June 30, 2022 Advisory Global Real Estate Corporate, other and eliminations Consolidated Topic 606 Revenue: Facilities management $ — $ 7,620,808 $ — $ — $ 7,620,808 Advisory leasing 1,742,430 — — — 1,742,430 Advisory sales 1,335,546 — — — 1,335,546 Property management 916,864 — — (7,019) 909,845 Project management — 2,092,953 — — 2,092,953 Valuation 377,681 — — — 377,681 Commercial mortgage origination (1) 155,183 — — — 155,183 Loan servicing (2) 27,841 — — — 27,841 Investment management — — 308,121 — 308,121 Development services — — 202,494 — 202,494 Topic 606 Revenue 4,555,545 9,713,761 510,615 (7,019) 14,772,902 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 150,070 — — — 150,070 Loan servicing 130,816 — — — 130,816 Development services (3) — — 50,423 — 50,423 Total Out of Scope of Topic 606 Revenue 280,886 — 50,423 — 331,309 Total Revenue $ 4,836,431 $ 9,713,761 $ 561,038 $ (7,019) $ 15,104,211 Six Months Ended June 30, 2021 Advisory Global Real Estate Corporate, other and eliminations Consolidated Topic 606 Revenue: Facilities management $ — $ 6,915,255 $ — $ — $ 6,915,255 Advisory leasing 1,213,124 — — — 1,213,124 Advisory sales 1,004,146 — — — 1,004,146 Property management 850,432 — — (10,602) 839,830 Project management — 1,193,350 — — 1,193,350 Valuation 340,816 — — — 340,816 Commercial mortgage origination (1) 105,962 — — — 105,962 Loan servicing (2) 20,505 — — — 20,505 Investment management — — 271,342 — 271,342 Development services — — 170,692 — 170,692 Topic 606 Revenue 3,534,985 8,108,605 442,034 (10,602) 12,075,022 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 195,782 — — — 195,782 Loan servicing 114,230 — — — 114,230 Development services (3) — — 12,458 — 12,458 Total Out of Scope of Topic 606 Revenue 310,012 — 12,458 — 322,470 Total Revenue $ 3,844,997 $ 8,108,605 $ 454,492 $ (10,602) $ 12,397,492 _______________________________ (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 $492.7 million ($344.8 million of which was current) and $474.4 million ($338.7 million of which was current) as of June 30, 2022 and December 31, 2021, respectively. We had contract liabilities totaling $290.0 million ($282.0 million of which was current) and $288.9 million ($280.7 million of which was current) as of June 30, 2022 and December 31, 2021, respectively. During the six months ended June 30, 2022, we recognized revenue of $197.6 million that was included in the contract liability balance at December 31, 2021.

Segments

Segments	6 Months Ended
	Jun. 30, 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 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, and a provision associated with Telford’s fire safety remediation efforts. 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 Six Months Ended 2022 2021 2022 2021 Revenue Advisory Services $ 2,587,983 $ 2,136,985 $ 4,836,431 $ 3,844,997 Global Workplace Solutions 4,908,145 4,082,722 9,713,761 8,108,605 Real Estate Investments 277,281 243,363 561,038 454,492 Corporate, other and eliminations (2,131) (4,457) (7,019) (10,602) Total revenue $ 7,771,278 $ 6,458,613 $ 15,104,211 $ 12,397,492 Segment operating profit Advisory Services $ 520,657 $ 464,505 $ 986,311 $ 797,084 Global Workplace Solutions 218,296 170,169 421,032 322,352 Real Estate Investments 274,518 154,043 441,570 217,110 Total reportable segment operating profit $ 1,013,471 $ 788,717 $ 1,848,913 $ 1,336,546 Reconciliation of total reportable segment operating profit to net income is as follows (dollars in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Net income attributable to CBRE Group, Inc. $ 487,322 $ 442,637 $ 879,619 $ 708,839 Net income attributable to non-controlling interests 2,594 805 6,568 $ 3,580 Net income 489,916 443,442 886,187 $ 712,419 Adjustments to increase (decrease) net income: Depreciation and amortization 162,359 119,085 311,391 241,163 Asset impairments 26,405 — 36,756 — Interest expense, net of interest income 18,518 13,772 31,344 23,878 Provision for income taxes 120,762 133,445 117,024 209,772 Carried interest incentive compensation (reversal) expense to align with the timing of associated revenue (7,495) 1,672 15,361 17,004 Impact of fair value adjustments to real estate assets acquired in the (1,451) (374) (3,147) 725 Costs incurred related to legal entity restructuring 10,245 — 11,921 — Integration and other costs related to acquisitions 8,209 8,134 16,330 8,134 Provision associated with Telford’s fire safety remediation efforts 37,505 — 37,505 — Corporate and other loss, including eliminations 148,498 69,541 388,241 123,451 Total reportable segment operating profit $ 1,013,471 $ 788,717 $ 1,848,913 $ 1,336,546 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 Six Months Ended 2022 2021 2022 2021 Revenue United States $ 4,436,115 $ 3,563,704 $ 8,567,512 $ 6,912,563 United Kingdom 1,046,493 832,938 2,032,491 1,609,981 All other countries 2,288,670 2,061,971 4,504,208 3,874,948 Total revenue $ 7,771,278 $ 6,458,613 $ 15,104,211 $ 12,397,492

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 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	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. In June 2022, the FASB issued ASU 2022-03, "Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restriction s." Topic 820, Fair Value Measurement, states that a reporting entity should consider the characteristics of the asset or liability when measuring the fair value, including restrictions on the sale of the asset or liability, if a market participant would take those characteristics into account and the key to that determination is the unit of account for the asset or liability being measured at fair value. Topic 820 contains conflicting guidance on what the unit of account is when measuring the fair value of an equity security and this has resulted in diversity in practice on whether the effects of a contractual restriction that prohibits the sale of an equity security should be considered in measuring equity security’s fair value. To address this, the amendments in the ASU clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The ASU introduces new disclosure requirements to provide investors with information about the restriction including the nature and remaining duration of the restriction. 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)	6 Months Ended
	Jun. 30, 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 6,984,779 Gains (premiums on loan sales) 23,563 Proceeds from sale of mortgage loans: Sale of mortgage loans (7,246,860) Cash collections of premiums on loan sales (23,563) Proceeds from sale of mortgage loans (7,270,423) Net decrease in mortgage servicing rights included in warehouse receivables (7,611) Ending balance at June 30, 2022 $ 1,034,025
Summary of Warehouse Lines of Credit in Place	The following table is a summary of our warehouse lines of credit in place as of June 30, 2022 and December 31, 2021 (dollars in thousands): June 30, 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 $ 782,673 $ 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% 15,000 884 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 58,705 650,000 133,084 TD Bank, N.A. (TD Bank) (3) 7/15/2022 daily floating rate LIBOR plus 1.30% 800,000 78,389 800,000 217,672 Bank of America, N.A. (BofA) (4) 5/24/2023 daily floating rate SOFR rate plus 1.25%, with a SOFR adjustment rate of 0.10% 350,000 93,458 350,000 178,600 BofA (5) 5/24/2023 daily floating rate SOFR rate 1.25%, with a SOFR adjustment rate of 0.10% 250,000 — 250,000 — MUFG Union Bank, N.A. (Union Bank) (6) 6/27/2023 daily floating rate SOFR plus 1.30% 200,000 3,840 200,000 1,645 $ 3,600,000 $ 1,017,949 $ 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 1.25% and a maturity date of July 15, 2022. Effective July 16, 2022, this facility was renewed with a revised interest rate of daily floating rate SOFR rate plus 1.30%, with a SOFR adjustment rate of 0.10% and a maturity date of July 15, 2023. As of June 30, 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 May 25, 2022, this facility was renewed with a revised interest rate of daily floating rate SOFR rate plus 1.25%, with a SOFR adjustment rate of 0.10% and a maturity date of May 24, 2023. The sublimit is subject to an interest rate of daily floating rate SOFR plus 1.75%, with a SOFR adjustment rate of 0.10%. As of June 30, 2022, the sublimit borrowing has not been utilized. (5) Effective May 25, 2022, the advised consent line was renewed for $250.0 million of capacity with a revised interest rate of daily floating rate SOFR rate plus 1.25%, with a SOFR adjustment rate of 0.10%, and a maturity date of May 24, 2023. (6) Effective June 27, 2022, this facility was renewed with a facility size of $200.0 million and a revised interest rate of daily floating rate SOFR rate plus 1.30% and a maturity date of June 27, 2023.

Variable Interest Entities (V_2

Variable Interest Entities (VIEs) (Tables)	6 Months Ended
	Jun. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Maximum Exposure to Loss	As of June 30, 2022 and December 31, 2021, our maximum exposure to loss related to VIEs which are not consolidated was as follows (dollars in thousands): June 30, December 31, Investments in unconsolidated subsidiaries $ 111,220 $ 109,530 Other current assets — 4,219 Co-investment commitments 78,799 90,328 Maximum exposure to loss $ 190,019 $ 204,077

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2022 and December 31, 2021 (dollars in thousands): As of June 30, 2022 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale debt securities: U.S. treasury securities $ 6,585 $ — $ — $ 6,585 Debt securities issued by U.S. federal agencies — 9,178 — 9,178 Corporate debt securities — 46,774 — 46,774 Asset-backed securities — 2,941 — 2,941 Collateralized mortgage obligations — 163 — 163 Total available for sale debt securities 6,585 59,056 — 65,641 Equity securities 35,484 — — 35,484 Investments in unconsolidated subsidiaries 138,818 12,009 441,626 592,453 Warehouse receivables — 1,034,025 — 1,034,025 Other assets — — 1,867 1,867 Total assets at fair value $ 180,887 $ 1,105,090 $ 443,493 $ 1,729,470 There were no liabilities measured at fair value on a recurring basis as of June 30, 2022. As of December 31, 2021 Fair Value Measured and Recorded Using Level 1 Level 2 Level 3 Total Assets Available for sale 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 assets (liabilities) Balance as of March 31, 2022 $ 367,855 $ (1,322) Transfer in — — Net change in fair value (26,229) — Purchases / Additions 100,000 3,189 Balance as of June 30, 2022 $ 441,626 $ 1,867 Balance as of December 31, 2021 $ 406,690 $ (10,700) Transfer in — — Net change in fair value (65,064) — Purchases / Additions 100,000 12,567 Balance as of June 30, 2022 $ 441,626 $ 1,867 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 assets (liabilities) Other (loss) 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 assets (liabilities) Balance as of March 31, 2022 $ 367,855 $ (1,322) Transfer in — — Net change in fair value (26,229) — Purchases / Additions 100,000 3,189 Balance as of June 30, 2022 $ 441,626 $ 1,867 Balance as of December 31, 2021 $ 406,690 $ (10,700) Transfer in — — Net change in fair value (65,064) — Purchases / Additions 100,000 12,567 Balance as of June 30, 2022 $ 441,626 $ 1,867 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 assets (liabilities) Other (loss) 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 14.5% - 26.0% Monte Carlo Volatility 69.0 % Risk free interest rate 3.02 % Other assets (liabilities) Discounted cash flow Discount rate 26.0 %

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table summarizes our change in carrying amount of goodwill for the six months ended June 30, 2022 (dollars in thousands): Advisory Global Workspace Solutions Real Estate Investments Consolidated Balance as of December 31, 2021 Goodwill $ 3,298,494 $ 2,174,029 $ 616,158 $ 6,088,681 Accumulated impairment losses (761,448) (175,473) (156,585) (1,093,506) 2,537,046 1,998,556 459,573 4,995,175 Impairment loss — — (26,405) (26,405) Purchase accounting entries related to acquisitions 37,358 (27,806) — 9,552 Foreign exchange movement (40,827) (119,850) (22,798) (183,475) Balance as of June 30, 2022 Goodwill 3,295,025 2,026,373 593,360 5,914,758 Accumulated impairment losses (761,448) (175,473) (182,990) (1,119,911) $ 2,533,577 $ 1,850,900 $ 410,370 $ 4,794,847

Investments in Unconsolidated_2

Investments in Unconsolidated Subsidiaries (Tables)	6 Months Ended
	Jun. 30, 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) as of: Investment type June 30, 2022 December 31, 2021 Real estate investments $ 536,825 $ 453,813 Investment in Altus Power, Inc.: Class A common stock (22 million shares) 138,818 229,900 Alignment shares (1) 57,967 114,727 Private placement warrants (2) 12,009 23,741 Subtotal 208,794 368,368 Other (3) 456,126 373,907 Total investment in unconsolidated subsidiaries $ 1,201,745 $ 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 y ears 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 Six Months Ended 2022 2021 2022 2021 Revenue $ 646,576 $ 906,765 $ 1,227,692 $ 1,462,622 Operating income 191,693 431,539 465,386 707,001 Net income (1) 1,499,234 1,108,718 2,952,081 1,476,935 _______________ (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)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consists of the following (dollars in thousands): June 30, December 31, Senior term loan, with interest of 0.75% plus EURIBOR adj, due in full at maturity on December 20, 2023 $ 419,287 $ 455,166 4.875% senior notes due in 2026, net of unamortized discount 598,139 597,911 2.500% senior notes due in 2031, net of unamortized discount 493,127 492,782 Total long-term debt 1,510,553 1,545,859 Less: unamortized debt issuance costs 7,059 7,736 Total long-term debt, net of current maturities $ 1,503,494 $ 1,538,123

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 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 June 30, December 31, Assets Operating Operating lease assets $ 1,040,233 $ 1,046,377 Financing Other assets, net 93,487 110,809 Total leased assets $ 1,133,720 $ 1,157,186 Liabilities Current: Operating Operating lease liabilities $ 224,982 $ 232,423 Financing Other current liabilities 31,237 38,103 Non-current: Operating Non-current operating lease liabilities 1,095,047 1,116,562 Financing Other liabilities 60,612 73,257 Total lease liabilities $ 1,411,878 $ 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): Six Months Ended 2022 2021 Right-of-use assets obtained in exchange for new operating lease liabilities $ 95,056 $ 62,591 Right-of-use assets obtained in exchange for new financing lease liabilities 16,612 22,430 Other non-cash increases in operating lease right-of-use assets (1) 35,787 6,876 Other non-cash decreases in financing lease right-of-use assets (1) (10,427) (2,496) _______________________________

Income Per Share and Stockhol_2

Income Per Share and Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended 2022 2021 2022 2021 Basic Income Per Share Net income attributable to CBRE Group, Inc. stockholders $ 487,322 $ 442,637 $ 879,619 $ 708,839 Weighted average shares outstanding for basic income per share 325,415,305 335,643,233 328,692,585 335,751,530 Basic income per share attributable to CBRE Group, Inc. stockholders $ 1.50 $ 1.32 $ 2.68 $ 2.11 Diluted Income Per Share Net income attributable to CBRE Group, Inc. stockholders $ 487,322 $ 442,637 $ 879,619 $ 708,839 Weighted average shares outstanding for basic income per share 325,415,305 335,643,233 328,692,585 335,751,530 Dilutive effect of contingently issuable shares 4,428,405 3,859,638 4,821,813 3,789,824 Weighted average shares outstanding for diluted income per share 329,843,710 339,502,871 333,514,398 339,541,354 Diluted income per share attributable to CBRE Group, Inc. stockholders $ 1.48 $ 1.30 $ 2.64 $ 2.09

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2022 Advisory Global Real Estate Corporate, other and eliminations Consolidated Topic 606 Revenue: Facilities management $ — $ 3,820,120 $ — $ — $ 3,820,120 Advisory leasing 969,708 — — — 969,708 Advisory sales 715,719 — — — 715,719 Property management 460,992 — — (2,131) 458,861 Project management — 1,088,025 — — 1,088,025 Valuation 196,539 — — — 196,539 Commercial mortgage origination (1) 81,293 — — — 81,293 Loan servicing (2) 13,833 — — — 13,833 Investment management — — 157,554 — 157,554 Development services — — 102,839 — 102,839 Topic 606 Revenue 2,438,084 4,908,145 260,393 (2,131) 7,604,491 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 79,090 — — — 79,090 Loan servicing 70,809 — — — 70,809 Development services (3) — — 16,888 — 16,888 Total Out of Scope of Topic 606 Revenue 149,899 — 16,888 — 166,787 Total Revenue $ 2,587,983 $ 4,908,145 $ 277,281 $ (2,131) $ 7,771,278 Three Months Ended June 30, 2021 Advisory Global Real Estate Corporate, other and eliminations Consolidated Topic 606 Revenue: Facilities management $ — $ 3,435,754 $ — $ — $ 3,435,754 Advisory leasing 692,908 — — — 692,908 Advisory sales 611,834 — — — 611,834 Property management 423,244 — — (4,457) 418,787 Project management — 646,968 — — 646,968 Valuation 181,226 — — — 181,226 Commercial mortgage origination (1) 72,211 — — — 72,211 Loan servicing (2) 5,118 — — — 5,118 Investment management — — 139,271 — 139,271 Development services — — 92,514 — 92,514 Topic 606 Revenue 1,986,541 4,082,722 231,785 (4,457) 6,296,591 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 89,667 — — — 89,667 Loan servicing 60,777 — — — 60,777 Development services (3) — — 11,578 — 11,578 Total Out of Scope of Topic 606 Revenue 150,444 — 11,578 — 162,022 Total Revenue $ 2,136,985 $ 4,082,722 $ 243,363 $ (4,457) $ 6,458,613 _______________________________ (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. Six Months Ended June 30, 2022 Advisory Global Real Estate Corporate, other and eliminations Consolidated Topic 606 Revenue: Facilities management $ — $ 7,620,808 $ — $ — $ 7,620,808 Advisory leasing 1,742,430 — — — 1,742,430 Advisory sales 1,335,546 — — — 1,335,546 Property management 916,864 — — (7,019) 909,845 Project management — 2,092,953 — — 2,092,953 Valuation 377,681 — — — 377,681 Commercial mortgage origination (1) 155,183 — — — 155,183 Loan servicing (2) 27,841 — — — 27,841 Investment management — — 308,121 — 308,121 Development services — — 202,494 — 202,494 Topic 606 Revenue 4,555,545 9,713,761 510,615 (7,019) 14,772,902 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 150,070 — — — 150,070 Loan servicing 130,816 — — — 130,816 Development services (3) — — 50,423 — 50,423 Total Out of Scope of Topic 606 Revenue 280,886 — 50,423 — 331,309 Total Revenue $ 4,836,431 $ 9,713,761 $ 561,038 $ (7,019) $ 15,104,211 Six Months Ended June 30, 2021 Advisory Global Real Estate Corporate, other and eliminations Consolidated Topic 606 Revenue: Facilities management $ — $ 6,915,255 $ — $ — $ 6,915,255 Advisory leasing 1,213,124 — — — 1,213,124 Advisory sales 1,004,146 — — — 1,004,146 Property management 850,432 — — (10,602) 839,830 Project management — 1,193,350 — — 1,193,350 Valuation 340,816 — — — 340,816 Commercial mortgage origination (1) 105,962 — — — 105,962 Loan servicing (2) 20,505 — — — 20,505 Investment management — — 271,342 — 271,342 Development services — — 170,692 — 170,692 Topic 606 Revenue 3,534,985 8,108,605 442,034 (10,602) 12,075,022 Out of Scope of Topic 606 Revenue: Commercial mortgage origination 195,782 — — — 195,782 Loan servicing 114,230 — — — 114,230 Development services (3) — — 12,458 — 12,458 Total Out of Scope of Topic 606 Revenue 310,012 — 12,458 — 322,470 Total Revenue $ 3,844,997 $ 8,108,605 $ 454,492 $ (10,602) $ 12,397,492 _______________________________ (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)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Summarized Financial Information by Segment	Summarized financial information by segment is as follows (dollars in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Revenue Advisory Services $ 2,587,983 $ 2,136,985 $ 4,836,431 $ 3,844,997 Global Workplace Solutions 4,908,145 4,082,722 9,713,761 8,108,605 Real Estate Investments 277,281 243,363 561,038 454,492 Corporate, other and eliminations (2,131) (4,457) (7,019) (10,602) Total revenue $ 7,771,278 $ 6,458,613 $ 15,104,211 $ 12,397,492 Segment operating profit Advisory Services $ 520,657 $ 464,505 $ 986,311 $ 797,084 Global Workplace Solutions 218,296 170,169 421,032 322,352 Real Estate Investments 274,518 154,043 441,570 217,110 Total reportable segment operating profit $ 1,013,471 $ 788,717 $ 1,848,913 $ 1,336,546
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 Six Months Ended 2022 2021 2022 2021 Net income attributable to CBRE Group, Inc. $ 487,322 $ 442,637 $ 879,619 $ 708,839 Net income attributable to non-controlling interests 2,594 805 6,568 $ 3,580 Net income 489,916 443,442 886,187 $ 712,419 Adjustments to increase (decrease) net income: Depreciation and amortization 162,359 119,085 311,391 241,163 Asset impairments 26,405 — 36,756 — Interest expense, net of interest income 18,518 13,772 31,344 23,878 Provision for income taxes 120,762 133,445 117,024 209,772 Carried interest incentive compensation (reversal) expense to align with the timing of associated revenue (7,495) 1,672 15,361 17,004 Impact of fair value adjustments to real estate assets acquired in the (1,451) (374) (3,147) 725 Costs incurred related to legal entity restructuring 10,245 — 11,921 — Integration and other costs related to acquisitions 8,209 8,134 16,330 8,134 Provision associated with Telford’s fire safety remediation efforts 37,505 — 37,505 — Corporate and other loss, including eliminations 148,498 69,541 388,241 123,451 Total reportable segment operating profit $ 1,013,471 $ 788,717 $ 1,848,913 $ 1,336,546
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 Six Months Ended 2022 2021 2022 2021 Revenue United States $ 4,436,115 $ 3,563,704 $ 8,567,512 $ 6,912,563 United Kingdom 1,046,493 832,938 2,032,491 1,609,981 All other countries 2,288,670 2,061,971 4,504,208 3,874,948 Total revenue $ 7,771,278 $ 6,458,613 $ 15,104,211 $ 12,397,492

Turner & Townsend Acquisition -

Turner & Townsend Acquisition - Narrative (Details) - Turner & Townsend Holdings Limited	Nov. 01, 2021 USD ($)
Business Acquisition [Line Items]
Percentage of interest acquired	60%
Goodwill, amount deductible for tax purposes	$ 0

Warehouse Receivables & Wareh_3

Warehouse Receivables & Warehouse Lines of Credit - Narrative (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Short-term Debt [Line Items]
Impairment loss		$ 26,405
Real estate investments
Short-term Debt [Line Items]
Impairment loss	$ 26,400	$ 26,405
Warehouse Agreement Borrowings
Short-term Debt [Line Items]
Period of repayment for warehouse lines of credit		1 month
Maximum lines of credit principal outstanding		$ 1,500,000

Warehouse Receivables & Wareh_4

Warehouse Receivables & Warehouse Lines of Credit - Warehouse Receivables Activity (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Warehouse Receivables Activity [Roll Forward]
Beginning balance	$ 1,303,717
Origination of mortgage loans	6,984,779	$ 7,578,056
Gains (premiums on loan sales)	23,563
Proceeds from sale of mortgage loans:
Sale of mortgage loans	(7,246,860)
Cash collections of premiums on loan sales	(23,563)
Proceeds from sale of mortgage loans	(7,270,423)	$ (7,902,512)
Net decrease in mortgage servicing rights included in warehouse receivables	(7,611)
Ending balance	$ 1,034,025

Warehouse Receivables & Wareh_5

Warehouse Receivables & Warehouse Lines of Credit - Summary of Warehouse Lines of Credit in Place (Detail) - USD ($)					6 Months Ended
	Jul. 16, 2022	Oct. 18, 2021	Jun. 30, 2021	Jun. 28, 2021	Jun. 30, 2022	Jun. 27, 2022	Dec. 31, 2021	Jan. 15, 2021	Jul. 01, 2020
Short-term Debt [Line Items]
Carrying Value					$ 1,017,949,000		$ 1,277,451,000
Revolving credit facility					$ 310,000,000		0
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					0.10%
Bank of America (BofA) | Bank of America, Pricing | Secured Overnight Financing Rate (SOFR) Adjustment | Subsequent Event
Short-term Debt [Line Items]
Line of credit over LIBOR rate	0.10%
Warehouse Agreement Borrowings
Short-term Debt [Line Items]
Maximum Facility Size					$ 3,600,000,000		3,600,000,000
Carrying Value					1,017,949,000		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					$ 782,673,000		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) Overnight Index Swap
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					$ 884,000		4,326,000
Warehouse Agreement Borrowings | JP Morgan | JP Morgan, Pricing | Secured Overnight Financing Rate (SOFR) Overnight Index Swap
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					$ 58,705,000		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					78,389,000		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				1.25%	1.30%
Warehouse Agreement Borrowings | Bank of America (BofA) | Secured Overnight Financing Rate (SOFR) Adjustment
Short-term Debt [Line Items]
Line of credit, LIBOR floor rate					0.10%
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					$ 93,458,000		178,600,000
Warehouse Agreement Borrowings | Bank of America (BofA) | Bank of America, Pricing | Secured Overnight Financing Rate (SOFR) Overnight Index Swap
Short-term Debt [Line Items]
Line of credit over LIBOR rate					1.25%
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					0.10%
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					1.25%
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					0.10%
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) Overnight Index Swap
Short-term Debt [Line Items]
Line of credit over LIBOR rate			1.25%		1.25%
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					0.10%
Warehouse Agreement Borrowings | MUFG Union Bank, N.A. (Union Bank)
Short-term Debt [Line Items]
Maximum Facility Size						$ 200,000,000
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					$ 3,840,000		$ 1,645,000
Warehouse Agreement Borrowings | MUFG Union Bank, N.A. (Union Bank) | MUFG Union Bank, N.A. (Union Bank), Pricing | Secured Overnight Financing Rate (SOFR) Adjustment | Subsequent Event
Short-term Debt [Line Items]
SOFR rate	1.30%
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%
Warehouse Agreement Borrowings | MUFG Union Bank, N.A. (Union Bank) | MUFG Union Bank, N.A. (Union Bank), Pricing | Secured Overnight Financing Rate (SOFR)
Short-term Debt [Line Items]
SOFR rate					1.30%

Variable Interest Entities (V_3

Variable Interest Entities (VIEs) (Detail) - Variable Interest Entity, Not Primary Beneficiary - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Investments in unconsolidated subsidiaries	$ 111,220	$ 109,530
Other current assets	0	4,219
Co-investment commitments	78,799	90,328
Maximum exposure to loss	$ 190,019	$ 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	Jun. 30, 2022	Dec. 31, 2021
Assets
Investments in unconsolidated subsidiaries	$ 770,898	$ 813,031
Warehouse receivables	1,034,025	1,303,717
Recurring
Assets
Available for sale debt securities	65,641	71,328
Equity securities	35,484	69,880
Investments in unconsolidated subsidiaries	592,453	660,331
Warehouse receivables	1,034,025	1,303,717
Other assets	1,867
Total assets at fair value	1,729,470	2,105,256
Liabilities
Other liabilities		10,700
Total liabilities at fair value	0	10,700
Recurring | Level 1
Assets
Available for sale debt securities	6,585	7,002
Equity securities	35,484	69,880
Investments in unconsolidated subsidiaries	138,818	229,900
Warehouse receivables	0	0
Other assets	0
Total assets at fair value	180,887	306,782
Liabilities
Other liabilities		0
Total liabilities at fair value		0
Recurring | Level 2
Assets
Available for sale debt securities	59,056	64,326
Equity securities	0	0
Investments in unconsolidated subsidiaries	12,009	23,741
Warehouse receivables	1,034,025	1,303,717
Other assets	0
Total assets at fair value	1,105,090	1,391,784
Liabilities
Other liabilities		0
Total liabilities at fair value		0
Recurring | Level 3
Assets
Available for sale debt securities	0	0
Equity securities	0	0
Investments in unconsolidated subsidiaries	441,626	406,690
Warehouse receivables	0	0
Other assets	1,867
Total assets at fair value	443,493	406,690
Liabilities
Other liabilities		10,700
Total liabilities at fair value		10,700
Recurring | U.S. treasury securities
Assets
Available for sale debt securities	6,585	7,002
Recurring | U.S. treasury securities | Level 1
Assets
Available for sale debt securities	6,585	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	9,178	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	9,178	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	46,774	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	46,774	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	2,941	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	2,941	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	163	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	163	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			6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 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	$ 178,400			$ 178,400		$ 152,700
Asset impairments	26,405	$ 10,400	$ 0	36,756	$ 0
Impairment loss				26,405
Notes payable on real estate	43,800			43,800		48,200
Real estate investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impairment loss	$ 26,400			$ 26,405
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%				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%			2.50%
Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior term loans	$ 413,200			$ 413,200		451,800
Estimated Fair Value | 4.875% Senior Notes | Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	607,400			607,400		671,700
Estimated Fair Value | 2.5% Senior Notes | Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	506,100			506,100		502,100
Actual Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior term loans	418,900			418,900		454,500
Actual Carrying Value | 4.875% Senior Notes | Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	596,000			596,000		595,500
Actual Carrying Value | 2.5% Senior Notes | Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	$ 488,700			$ 488,700		$ 488,100

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Reconciliation for Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Other assets (liabilities)
Beginning balance	$ 1,322	$ 10,700
Transfer in	0	0
Net change in fair value	0	0
Purchases / Additions	3,189	12,567
Ending balance	1,867	1,867
Investment in Unconsolidated Subsidiaries
Investment in Unconsolidated Subsidiaries
Beginning balance	367,855	406,690
Transfer in	0	0
Net change in fair value	(26,229)	(65,064)
Purchases / Additions	100,000	100,000
Ending balance	$ 441,626	$ 441,626

Fair Value Measurements - Unobs

Fair Value Measurements - Unobservable Inputs (Details)	Jun. 30, 2022
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other liabilities, measurement input	0.260
Discount rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment in unconsolidated subsidiaries, measurement input	0.145
Discount rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment in unconsolidated subsidiaries, measurement input	0.260
Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment in unconsolidated subsidiaries, measurement input	0.690
Risk free interest rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment in unconsolidated subsidiaries, measurement input	0.0302

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Beginning goodwill		$ 6,088,681
Accumulated impairment losses	$ (1,119,911)	(1,119,911)	$ (1,093,506)
Ending goodwill	5,914,758	5,914,758
Goodwill, Net of impairment losses	4,794,847	4,794,847	4,995,175
Impairment loss		(26,405)
Purchase accounting entries related to acquisitions		9,552
Foreign exchange movement		(183,475)
Advisory Services
Goodwill [Roll Forward]
Beginning goodwill		3,298,494
Accumulated impairment losses	(761,448)	(761,448)	(761,448)
Ending goodwill	3,295,025	3,295,025
Goodwill, Net of impairment losses	2,533,577	2,533,577	2,537,046
Impairment loss		0
Purchase accounting entries related to acquisitions		37,358
Foreign exchange movement		(40,827)
Global Workplace Solutions
Goodwill [Roll Forward]
Beginning goodwill		2,174,029
Accumulated impairment losses	(175,473)	(175,473)	(175,473)
Ending goodwill	2,026,373	2,026,373
Goodwill, Net of impairment losses	1,850,900	1,850,900	1,998,556
Impairment loss		0
Purchase accounting entries related to acquisitions		(27,806)
Foreign exchange movement		(119,850)
Real estate investments
Goodwill [Roll Forward]
Beginning goodwill		616,158
Accumulated impairment losses	(182,990)	(182,990)	(156,585)
Ending goodwill	593,360	593,360
Goodwill, Net of impairment losses	410,370	410,370	$ 459,573
Impairment loss	$ (26,400)	(26,405)
Purchase accounting entries related to acquisitions		0
Foreign exchange movement		$ (22,798)

Investments in Unconsolidated_3

Investments in Unconsolidated Subsidiaries - Additional Information (Detail)	Jun. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]
Equity method investments in unconsolidated subsidiaries, variations in ownership percentage	50%

Investments in Unconsolidated_4

Investments in Unconsolidated Subsidiaries - Investments (Details) - USD ($) $ / shares in Units, $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Total investment in unconsolidated subsidiaries	$ 1,201,745		$ 1,196,088
Real estate investments
Schedule of Equity Method Investments [Line Items]
Total investment in unconsolidated subsidiaries	536,825		453,813
Class A common stock
Schedule of Equity Method Investments [Line Items]
Total investment in unconsolidated subsidiaries	$ 138,818		229,900
Common stock shares (in shares)	22,000,000
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	$ 57,967		114,727
Alignment shares converted (in shares)		201,250
Private placement warrants
Schedule of Equity Method Investments [Line Items]
Total investment in unconsolidated subsidiaries	$ 12,009		23,741
Warrants, exercised (in shares)	1
Warrants, exercise price (in usd per share)	$ 11
Altus Power, Inc.
Schedule of Equity Method Investments [Line Items]
Total investment in unconsolidated subsidiaries	$ 208,794		368,368
Other
Schedule of Equity Method Investments [Line Items]
Total investment in unconsolidated subsidiaries	$ 456,126		$ 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Schedule of Equity Method Investments [Line Items]
Revenue	$ 7,771,278	$ 6,458,613	$ 15,104,211	$ 12,397,492
Operating income	516,937	366,482	893,889	635,566
Net income	489,916	443,442	886,187	712,419
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Equity Method Investments [Line Items]
Revenue	646,576	906,765	1,227,692	1,462,622
Operating income	191,693	431,539	465,386	707,001
Net income	$ 1,499,234	$ 1,108,718	$ 2,952,081	$ 1,476,935

Long-Term Debt and Short-Term_3

Long-Term Debt and Short-Term Borrowings - Schedule of Long-Term Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Mar. 18, 2021	Aug. 13, 2015
Debt Instrument [Line Items]
Total long-term debt	$ 1,510,553	$ 1,545,859
Less: unamortized debt issuance costs	7,059	7,736
Long-term debt, net of current maturities	$ 1,503,494	1,538,123
Senior secured term loans
Debt Instrument [Line Items]
Interest rate	0.75%
Total long-term debt	$ 419,287	455,166
4.875% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Interest rate	4.875%			4.875%
Total long-term debt	$ 598,139	597,911
2.5% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Interest rate	2.50%		2.50%
Total long-term debt	$ 493,127	$ 492,782

Long-Term Debt and Short-Term_4

Long-Term Debt and Short-Term Borrowings - Long-Term Debt - Narrative (Detail)			6 Months Ended
	Mar. 04, 2019 USD ($)	Aug. 13, 2015 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2022 EUR (€)	Jul. 09, 2021 USD ($)	Mar. 18, 2021 USD ($)
2021 Credit Agreement | Senior Notes
Debt Instrument [Line Items]
Minimum coverage ratio of EBITDA to total interest expense expressed in percentage			2%
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			48.81	48.81
Leverage ratio of total debt less available cash to EBITDA			0.34	0.34
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	6 Months Ended
	Mar. 31, 2022 EUR (€)	Jun. 30, 2022 USD ($)	Jun. 30, 2022 EUR (€)	Mar. 30, 2022 EUR (€)	Jan. 01, 2022	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Revolving credit facility		$ 310,000,000				$ 0
Letters of credit outstanding amount		176,300,000
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		310,000,000
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%
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		$ 24,400,000	€ 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	Jun. 30, 2022	Dec. 31, 2021
Assets
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets, net	Other assets, net
Operating	$ 1,040,233	$ 1,046,377
Financing	93,487	110,809
Total leased assets	$ 1,133,720	$ 1,157,186
Current:
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Operating	$ 224,982	$ 232,423
Financing	$ 31,237	$ 38,103
Non-current:
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Operating	$ 1,095,047	$ 1,116,562
Financing	60,612	73,257
Total lease liabilities	$ 1,411,878	$ 1,460,345

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information and Non-Cash Activity Related to Leases (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 95,056	$ 62,591
Right-of-use assets obtained in exchange for new financing lease liabilities	16,612	22,430
Other non-cash increases in operating lease right-of-use assets	35,787	6,876
Other non-cash decreases in financing lease right-of-use assets	$ (10,427)	$ (2,496)

Commitments and Contingencies (

Commitments and Contingencies (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Funded loans unpaid principal	$ 36,300
Letters of credit outstanding	176.3
Accrued loan loss	61.2	$ 64
Assets available for recourse	742.5
Guarantees total	$ 63.8
Co-investments typically range	2%
Commitments to investment in future real estate investment	$ 106.5
Commitments to investment in unconsolidated real estate subsidiary	75.4
Commitments to investments in consolidated projects	67.8
Potential accrued liabilities	37.5
Warehouse Receivable
Loss Contingencies [Line Items]
Warehouse receivables	305
Funded loans subject to loss sharing arrangements
Loss Contingencies [Line Items]
Funded loans unpaid principal	32,300
Funded loans not subject to loss sharing arrangements
Loss Contingencies [Line Items]
Letters of credit outstanding	105	100
SBL Program
Loss Contingencies [Line Items]
Letters of credit outstanding	$ 5	$ 5
Percentage of maximum original principal amount loan loss	10%
CBRE Capital Markets
Loss Contingencies [Line Items]
Letters of credit outstanding	$ 110

Income Taxes (Detail)

Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 120,762	$ 133,445	$ 117,024	$ 209,772
Increase (decrease) in income taxes	$ (12,700)		$ (92,700)
Effective tax rate	19.80%	23.10%	11.70%	22.70%
Federal statutory tax rate	21%		21%
Unrecognized tax benefits	$ 341,100		$ 341,100		$ 191,900
Increase (decrease) in unrecognized tax benefits			149,200
Accrual of gross unrecognized tax benefits			151,000
Unrecognized tax benefits expiration of statute of limitations in various tax jurisdictions			$ 1,800

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Basic Income Per Share
Net income attributable to CBRE Group, Inc. stockholders	$ 487,322	$ 442,637	$ 879,619	$ 708,839
Weighted average shares outstanding for basic income per share (in shares)	325,415,305	335,643,233	328,692,585	335,751,530
Basic income per share attributable to CBRE Group, Inc. stockholders (in dollars per share)	$ 1.50	$ 1.32	$ 2.68	$ 2.11
Diluted Income Per Share
Net income attributable to CBRE Group, Inc. stockholders	$ 487,322	$ 442,637	$ 879,619	$ 708,839
Weighted average shares outstanding for basic income per share (in shares)	325,415,305	335,643,233	328,692,585	335,751,530
Dilutive effect of contingently issuable shares (in shares)	4,428,405	3,859,638	4,821,813	3,789,824
Weighted average shares outstanding for diluted income per share (in shares)	329,843,710	339,502,871	333,514,398	339,541,354
Diluted income per share attributable to CBRE Group, Inc. stockholders (in dollars per share)	$ 1.48	$ 1.30	$ 2.64	$ 2.09

Income Per Share and Stockhol_4

Income Per Share and Stockholders' Equity - Narrative (Detail) - USD ($)		1 Months Ended	3 Months Ended			6 Months Ended
	Nov. 19, 2021	Feb. 28, 2019	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares repurchased during the period, value			$ 611,309,000		$ 24,133,000	$ 1,002,172,000	$ 88,275,000
Capacity remaining under current stock repurchase programs			$ 975,000,000			$ 975,000,000
March 2019 Repurchase Program
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Authorized share repurchase amount		$ 500,000,000
Authorized share repurchase term		3 years
Shares repurchased during the period (in shares)				615,108
Average price per share (in dollars per share)				$ 101.88
Shares repurchased during the period, value				$ 62,700,000
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)			7,510,123			11,073,401
Average price per share (in dollars per share)			$ 81.39			$ 84.83
Shares repurchased during the period, value			$ 611,200,000			$ 939,400,000
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)			1,715,891		3,974	1,383,041	15,852

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	$ 7,604,491	$ 6,296,591	$ 14,772,902	$ 12,075,022
Total Out of Scope of Topic 606 Revenue	166,787	162,022	331,309	322,470
Total Revenue	7,771,278	6,458,613	15,104,211	12,397,492
Corporate, other and eliminations
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	(2,131)	(4,457)	(7,019)	(10,602)
Total Out of Scope of Topic 606 Revenue	0	0	0	0
Total Revenue	(2,131)	(4,457)	(7,019)	(10,602)
Advisory Services | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	2,438,084	1,986,541	4,555,545	3,534,985
Total Out of Scope of Topic 606 Revenue	149,899	150,444	280,886	310,012
Total Revenue	2,587,983	2,136,985	4,836,431	3,844,997
Global Workplace Solutions | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	4,908,145	4,082,722	9,713,761	8,108,605
Total Out of Scope of Topic 606 Revenue	0	0	0	0
Total Revenue	4,908,145	4,082,722	9,713,761	8,108,605
Real Estate Investments | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	260,393	231,785	510,615	442,034
Total Out of Scope of Topic 606 Revenue	16,888	11,578	50,423	12,458
Total Revenue	277,281	243,363	561,038	454,492
Facilities management
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	3,820,120	3,435,754	7,620,808	6,915,255
Facilities management | Global Workplace Solutions | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	3,820,120	3,435,754	7,620,808	6,915,255
Advisory leasing
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	969,708	692,908	1,742,430	1,213,124
Advisory leasing | Corporate, other and eliminations
Disaggregation of Revenue [Line Items]
Topic 606 Revenue				0
Advisory leasing | Advisory Services | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	969,708	692,908	1,742,430	1,213,124
Advisory sales
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	715,719	611,834	1,335,546	1,004,146
Advisory sales | Advisory Services | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	715,719	611,834	1,335,546	1,004,146
Property management
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	458,861	418,787	909,845	839,830
Property management | Corporate, other and eliminations
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	(2,131)	(4,457)	(7,019)	(10,602)
Property management | Advisory Services | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	460,992	423,244	916,864	850,432
Project management
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	1,088,025	646,968	2,092,953	1,193,350
Project management | Global Workplace Solutions | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	1,088,025	646,968	2,092,953	1,193,350
Valuation
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	196,539	181,226	377,681	340,816
Valuation | Advisory Services | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	196,539	181,226	377,681	340,816
Commercial mortgage origination
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	81,293	72,211	155,183	105,962
Total Out of Scope of Topic 606 Revenue	79,090	89,667	150,070	195,782
Commercial mortgage origination | Advisory Services | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	81,293	72,211	155,183	105,962
Total Out of Scope of Topic 606 Revenue	79,090	89,667	150,070	195,782
Loan servicing
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	13,833	5,118	27,841	20,505
Total Out of Scope of Topic 606 Revenue	70,809	60,777	130,816	114,230
Loan servicing | Advisory Services | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	13,833	5,118	27,841	20,505
Total Out of Scope of Topic 606 Revenue	70,809	60,777	130,816	114,230
Investment management
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	157,554	139,271	308,121	271,342
Investment management | Real Estate Investments | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	157,554	139,271	308,121	271,342
Development services
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	102,839	92,514	202,494	170,692
Total Out of Scope of Topic 606 Revenue	16,888	11,578	50,423	12,458
Development services | Real Estate Investments | Operating Segments
Disaggregation of Revenue [Line Items]
Topic 606 Revenue	102,839	92,514	202,494	170,692
Total Out of Scope of Topic 606 Revenue	$ 16,888	$ 11,578	$ 50,423	$ 12,458

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract assets	$ 492,700	$ 474,400
Contract assets, current	344,750	338,749
Contract liabilities	290,000	288,900
Contract liabilities, current	281,988	$ 280,659
Recognized revenue included in contract liability	$ 197,600

Segments - Additional Informati

Segments - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2022 segment
Segment Reporting [Abstract]
Global business segments	3

Segments - Summarized Financial

Segments - Summarized Financial Information by Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Revenue	$ 7,771,278	$ 6,458,613	$ 15,104,211	$ 12,397,492
Total reportable segment operating profit	1,013,471	788,717	1,848,913	1,336,546
Corporate, other and eliminations
Segment Reporting Information [Line Items]
Revenue	(2,131)	(4,457)	(7,019)	(10,602)
Total reportable segment operating profit	148,498	69,541	388,241	123,451
Advisory Services | Operating Segments
Segment Reporting Information [Line Items]
Revenue	2,587,983	2,136,985	4,836,431	3,844,997
Total reportable segment operating profit	520,657	464,505	986,311	797,084
Global Workplace Solutions | Operating Segments
Segment Reporting Information [Line Items]
Revenue	4,908,145	4,082,722	9,713,761	8,108,605
Total reportable segment operating profit	218,296	170,169	421,032	322,352
Real Estate Investments | Operating Segments
Segment Reporting Information [Line Items]
Revenue	277,281	243,363	561,038	454,492
Total reportable segment operating profit	$ 274,518	$ 154,043	$ 441,570	$ 217,110

Segments - Reconciliation of To

Segments - Reconciliation of Total Reportable Segment Operating Profit to Net Income (Detail) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Net income attributable to CBRE Group, Inc.	$ 487,322		$ 442,637	$ 879,619	$ 708,839
Less: Net income attributable to non-controlling interests	2,594		805	6,568	3,580
Net income	489,916		443,442	886,187	712,419
Adjustments to increase (decrease) net income:
Depreciation and amortization	162,359		119,085	311,391	241,163
Asset impairments	26,405	$ 10,400	0	36,756	0
Interest expense, net of interest income	18,518		13,772	31,344	23,878
Provision for income taxes	120,762		133,445	117,024	209,772
Carried interest incentive compensation (reversal) expense to align with the timing of associated revenue	(7,495)		1,672	15,361	17,004
Impact of fair value adjustments to real estate assets acquired in the Telford acquisition (purchase accounting) that were sold in period	(1,451)		(374)	(3,147)	725
Costs incurred related to legal entity restructuring	10,245		0	11,921	0
Integration and other costs related to acquisitions	8,209		8,134	16,330	8,134
Provision associated with Telford’s fire safety remediation efforts	37,505		0	37,505	0
Total reportable segment operating profit	1,013,471		788,717	1,848,913	1,336,546
Corporate and other loss, including eliminations
Adjustments to increase (decrease) net income:
Total reportable segment operating profit	$ 148,498		$ 69,541	$ 388,241	$ 123,451

Segments - Summary of Geographi

Segments - Summary of Geographic Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 7,771,278	$ 6,458,613	$ 15,104,211	$ 12,397,492
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	4,436,115	3,563,704	8,567,512	6,912,563
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	1,046,493	832,938	2,032,491	1,609,981
All other countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 2,288,670	$ 2,061,971	$ 4,504,208	$ 3,874,948