What Cushman & Wakefield does

Cushman & Wakefield (NYSE: CWK) is a global commercial real estate (CRE) services firm headquartered in Chicago, operating across 60+ countries with approximately 53,000 professionals. Founded in 1917 and public since its 2018 IPO, the firm generated $10.3 billion in FY2025 revenue and $2.5 billion in Q1 2026 (up 11% YoY), with trailing-twelve-month EBITDA of approximately $568 million. Its service platform is organized around seven core modules — Capital Markets ($92B placed, 1,400 experts), Agency Leasing ($32.7B/3yr, 15,700 transactions), Asset Services (3.35B SF, 41,500 assets, 3,800 clients), Global Occupier Services ($167B transactions managed, $6.1B portfolio under management, $16B projects), Tenant Representation ($48.4B, 17,600 transactions), Project & Development Services ($22.8B project value, 14,400 projects), and Valuation & Advisory — delivered through industry specializations including Logistics & Industrial, Multifamily, Retail, Life Sciences, Data Centers, and Healthcare.

The underlying technology stack combines a proprietary investor data and research platform (including the Global Data Center Market Comparison covering 107 markets, Waypoint industrial dynamics across 135 logistics markets, AI Impact Barometer, and MarketBeat reports) with the newly created Data Science & Geospatial Analytics function under Dr. Miguel Rodriguez. Smart-building deployment of Switch OpX across six U.S. properties with Lawrence Berkeley National Laboratory delivered over 10% energy savings and $290K annual cost reductions, demonstrating applied AI/ML capability in operations. The platform also integrates Salesforce as its CRM substrate (per a disclosed vishing breach), Brick ontology open standards for building data, and geospatial machine-learning tooling.

Cushman & Wakefield's revenue model is hybrid: transaction fees on brokerage and capital markets deals; recurring managed services revenue from Asset Services, GOS (IFM, IPM, supply chain advisory), and PDS; and professional services fees for valuation and advisory mandates. Multi-year enterprise contracts (e.g., H&R Block 25+ years, SEGRO UK five-year valuation mandate on 27.7M SF portfolio, Standard Chartered, Citibank) anchor a recurring revenue base. GTM is exclusively direct enterprise field sales plus relationship-led inside sales (1,400 capital markets experts), with no retail or self-serve channel. Customer segments span institutional investors/REITs (SEGRO, Aberdeen, Mesa West-backed JVs), large corporate occupiers (H&R Block, Unilever, Toyota, Bank of America, Ericsson), and vertical specialists (data center operators, life sciences, healthcare providers).

Name

Cushman & Wakefield

Legal name

Cushman & Wakefield plc

Website

https://cushmanwakefield.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Cushman & Wakefield is a global commercial real estate services firm with approximately 53,000 professionals across 60+ countries, delivering integrated capital markets, leasing, valuation, project, and facilities management services to institutional investors and corporate occupiers (FY2025 revenue: $10.3 billion).

Ownership category

akta.pro rank

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices24 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Capital Markets: Investment sales, debt placement, equity placement, recapitalizations and structured financing on behalf of owners and investors; capital markets platform placed $92B with 1,400 experts and 5,200 transactions across the asset class spectrum.
2. Global Occupier Services (GOS): Recurring managed services including Integrated Facilities Management (IFM), transaction management, portfolio administration, project & development services and supply chain advisory; $6.1B portfolio under management, $16B projects under management, $167B transactions managed across large-scale enterprise occupier accounts.
3. Asset Services: Recurring property management and asset services revenue across 3.35 billion sq ft managed, 41,500 assets and 3,800 clients globally; engineering operations, sustainability services, client accounting and tenant experience.
4. Agency Leasing: Landlord-representation leasing transactions; 15,700 transactions closed, $32.7B transactions value, 352M SF over a three-year global average, in USD.
5. Tenant Representation: Tenant-side brokerage and strategic consulting; 17,600 transactions, $48.4B transaction value, 383M SF globally, including site selection, lease negotiation, workplace and headquarters strategy.
6. Project & Development Services (PDS): End-to-end design, project and development services for occupiers and investors; 14,400 global projects managed, $22.8B value, 3,100 professionals worldwide.
7. Valuation & Advisory: Appraisals, portfolio valuations and strategic advisory for institutional investors, lenders and owners across asset classes.
8. Investment Advisory / Cross-border Capital: Cross-border capital formation advisory, IPO advisory, sale-leaseback, debt advisory and structured solutions spanning Americas, EMEA and APAC capital markets.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels9 records

Core offering

Cushman & Wakefield is a global commercial real estate services firm delivering integrated advisory, transactional and managed services across agency leasing, capital markets, valuation, project & development services, tenant representation, asset services and global occupier services. Operating across 60+ countries with approximately 53,000 professionals, it serves institutional investors, REITs, corporate occupiers and developers with industry specializations spanning logistics, multifamily, retail, life sciences, data centers and healthcare.

Product overview

Cushman & Wakefield operates a unified global commercial real estate services platform delivered across 60 countries by approximately 53,000 professionals (2025 revenue $10.3 billion), structured as a core platform augmented by service-line modules and industry specializations. The platform is organized around seven primary service modules: Agency Leasing, Asset Services, Capital Markets, Global Occupier Services (GOS), Project & Development Services (PDS), Tenant Representation, and Valuation & Advisory. GOS further includes sub-modules such as Integrated Facilities Management (IFM), Integrated Portfolio Management (IPM), Supply Chain & Logistics Advisory (SCLA), Programs & Projects, and Supplier Management. These service modules are delivered through industry specializations covering Logistics & Industrial, Multifamily & Living, Retail, Life Sciences, Data Centers, Healthcare, Government, Legal, Education, Automotive, Food & Beverage, and others. The product portfolio also includes proprietary research products such as the AI Impact Barometer, MarketBeat Reports, Vital Signs, Waypoint, and the Global Data Center Market Comparison, as well as the Cushman & Wakefield | Thalhimer subsidiary brand operating in the Mid-Atlantic region. Together, the platform connects occupier and investor advisory, transaction execution, asset and facilities management, valuation, project delivery, and AI-enabled market intelligence into an integrated offering.

Differentiator

Problem solved

Functional benefit

Products and services

• Agency Leasing Landlord-representation leasing advisory service covering office, retail, industrial and other asset types. Delivers smart strategies, cutting-edge creativity and meticulous support to transform acquisitions into successful investments; three-year global average: 15,700 transactions closed, $32.7B in transactions value, 352M SF.
• Asset Services Property and portfolio management service that optimizes operational performance through tailored programs, accurate financial reporting, engineering operations and sustainability services. Manages 3.35 billion square feet across 41,500 assets for 3,800 clients globally.
• Capital Markets Investment sales, debt placement and structured capital advisory service delivered by 1,400 experts, providing access to active capital sources and creative capital solutions across asset classes. Reported metrics: $92 billion in transaction value, 5,200 transactions.
• Global Occupier Services (GOS) End-to-end occupier-focused service platform transforming real estate portfolios into strategic assets, providing integrated solutions including space management, workplace innovation, portfolio optimization, program/project management and integrated facilities management. Reports 6.1 billion square feet under management, $16 billion in value of projects managed and $167 billion in transactions managed.
• Project & Development Services (PDS) End-to-end project and development services delivering built-environment solutions for occupiers and investors, from insight to end-product. Reports 14,400 global projects managed and $22.8 billion in project value across 3,100 professionals worldwide.
• Tenant Representation Tenant-side brokerage and advisory service that aligns real estate decisions with business strategy, financial goals and operational objectives. Reports 17,600 transactions, $48.4 billion in transaction value and 383 million square feet.
• Valuation & Advisory Valuation and advisory service delivering real-time intelligence, market foresight and deep technical expertise for one-off valuations to complex portfolio strategies across logistics, life sciences, hospitality, retail and alternatives asset classes.
• AI Impact Barometer Proprietary Cushman & Wakefield research tool measuring the effects of Artificial Intelligence on the global economy and real estate sector, with specific focus on real estate segments including data centers, industrial, logistics and office markets.
• MarketBeat Reports Quarterly commercial real estate market reports analyzing supply, demand and pricing trends across sectors and geographies (e.g., U.S. Industrial, Office, Retail, Multifamily, Hospitality, Life Sciences).

Quantifiable outcome

• $1.6M FM savings, $8.5M transaction management savings, $1.8M lease administration savings, $5.5M project development and design savings annually for H&R Block across 6,600+ locations and 12M SF
• +13 more outcomes

Named customers29 records

Segments12 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability8 records

Feature3 records

Partnerships

13 partnerships are on record, tiered flagship, core, major and minor.

• EricssonflagshipStrategic or Co-development Partner · 24 June 2026Cushman & Wakefield advised Ericsson on relocating its headquarters from Stockholm's Kista district to a new 1 million-sq-ft campus in Hagastaden — the largest office deal ever completed in Sweden and one of the most significant corporate real estate transactions in Europe. The relocation positions Ericsson within one of Europe's fastest-growing innovation districts near Karolinska Institutet and other research institutions.
• Aberdeen InvestmentsflagshipStrategic or Co-development Partner · 24 June 2026Aberdeen Investments appointed Cushman & Wakefield to sell a residential portfolio of more than 550 apartments across Leeds and Leicester with asking prices exceeding £44 million and £29.5 million respectively. The portfolio includes Clarendon Quarter (326 apartments with a focus on affordable key worker accommodation) and Queen Street Quarter (232 apartments plus potential for an additional ~100 unit development site).
• Savlan CapitalcoreStrategic or Co-development Partner · 23 June 2026Cushman & Wakefield brokered a full-floor office lease at Bradenton Financial Center in Florida, representing property owner Savlan Capital in a transaction with engineering and design consulting firm Kimley-Horn. The 10,651-square-foot lease will house Kimley-Horn's West Florida operations following a customized renovation of the space.
• IBM Almaden Research Center (sale listing)coreStrategic or Co-development Partner · 23 June 2026Note: same engagement as — captured under IBM
• IBMmajorStrategic or Co-development Partner · 22 June 2026IBM listed its 687-acre Almaden Research Center in South San Jose for sale through commercial real estate firm Cushman & Wakefield, after closing the research hub and relocating workers to IBM's Silicon Valley Lab in Coyote Valley. The property includes a 544,500-square-foot research facility on 35 acres zoned for industrial use, adjacent to 652 acres of open space.
• CBRE (peer; C&W hired Stephanie Greene from CBRE as CSO)minorOthers · 22 June 2026Cushman & Wakefield hired Stephanie Greene as Chief Sustainability Officer and Global Head of Sustainability Services from CBRE, where she was Global Head of Sustainability Advisory. The move illustrates the active flow of senior talent among major CRE firms and Cushman's positioning of sustainability as a strategic priority.
• OCVIBE / Samueli FamilyflagshipStrategic or Co-development Partner · 15 June 2026Cushman & Wakefield represented OCVIBE (privately funded by the Samueli Family) in a full-floor lease to Kiln at The Weave, a mass timber office building within OCVIBE's 100-acre mixed-use district in Anaheim, California. The $5 billion development is one of the largest private investments in Southern California, with full completion expected in 2033.
• Orion PropertiescoreStrategic or Co-development Partner · 2 June 2026Cushman & Wakefield represented investor/owner Orion Properties in a full-building lease of 172,089 square feet at 6655 MacArthur Blvd. in Irving, Texas to non-profit organization Mercury One. The transaction marks Las Colinas's largest direct new office lease in the past five years, converting a vacant office building into a dedicated-use asset anchored by the American Journey Experience museum.
• SEGROflagshipStrategic or Co-development Partner · 15 May 2026Cushman & Wakefield appointed by SEGRO, the UK's largest Real Estate Investment Trust, as the valuer for its UK portfolio comprising more than 27.7 million sq ft of industrial, warehousing, data centre, and development land assets. The five-year contract was awarded following a competitive pitch process, with the first bi-annual valuation due in June 2026 covering key UK regions including London, the Western Corridor, and the Midlands, with notable assets such as the Slough Trading Estate.
• German hotel investor consortium (asset management mandates)coreChannel Partner/ Reseller/ Distributor · 12 May 2026Cushman & Wakefield researchers are active in the German hotel investment market, which recovered strongly in 2025 with transaction volumes rising 50% year-on-year to approximately €1.9 billion. Cushman & Wakefield projects continuing robust performance into 2026 with multiple internationally branded hotels scheduled to open in Berlin and Hamburg.
• JLL (Tom Maloney joined C&W as Chair of Occupier Advisory from JLL)minorOthers · 30 April 2026Tom Maloney joined Cushman & Wakefield as Chair of Occupier Advisory Services from JLL where he served as Executive Vice Chairman, bringing more than three decades of industry experience in tenant representation and national brokerage operations; he reports to President Matt Chatham and is based in Los Angeles.
• The Broe GroupcoreStrategic or Co-development Partner · 22 April 2026Broe Real Estate Group engaged Cushman & Wakefield to market the second phase of its $225 million Cherry Creek North development in Denver, known as 250 Clayton. The eight-story, 175,000 square foot mixed-use project has secured its construction loan and completed site preparation, with demolition underway and delivery targeted for Q3 2028; the development has achieved 24% pre-leasing.
• Switch Automation / Lawrence Berkeley National LaboratorycoreTechnology or Integration · 14 April 2026Cushman & Wakefield deployed Switch OpX across six U.S. commercial properties in collaboration with Switch Automation and Lawrence Berkeley National Laboratory, achieving estimated savings exceeding 10% energy savings and more than $290,000 in annual cost reductions. The deployment validates the role of independent data platforms and open standards like the Brick ontology in enabling next-generation smart, energy-efficient buildings.

Scale indicators23 records

Recent moves6 records

Expansion highlights8 records

Direct peers

• CBRE Group: The largest global commercial real estate services firm and C&W's primary competitor across capital markets, agency leasing, valuation, asset services and occupier services. Comparable because it offers the same integrated service-line platform across investment sales, advisory, project management and facilities management to institutional investors and corporate occupiers worldwide; analyst commentary explicitly benchmarks CWK to CBRE on scale, leverage and margins.
• JLL (Jones Lang LaSalle): One of the 'Big 3' global CRE services firms, competing head-to-head with C&W in capital markets brokerage, tenant representation, project & development services, valuation and facilities management. Directly comparable as a publicly traded global CRE platform serving institutional investors and corporate occupiers; C&W has actively hired senior talent from JLL (e.g., Tom Maloney) to compete for the same enterprise mandates.
• Colliers International: Global CRE services firm operating across investment sales, agency leasing, valuation, project management and occupier services. Comparable because it serves the same institutional investor and corporate occupier segments across the Americas, EMEA and APAC, though Colliers runs a leaner capital-markets and asset-services model.
• Newmark Group: Publicly traded CRE services firm focused on capital markets, leasing and investment sales across office, industrial, retail and multifamily. Comparable to C&W's Capital Markets, Agency Leasing and Tenant Representation service lines, particularly in U.S. commercial real estate transactions.
• Savills: UK-headquartered global real estate services firm competing with C&W in investment sales, agency leasing, valuation, property management and tenant advisory across EMEA, APAC and the Americas. Comparable because of similar full-service CRE advisory platform serving institutional investors and corporate occupiers.
• Knight Frank: Privately held global CRE services firm with comparable service lines including capital markets, agency leasing, valuation, asset management and occupier advisory. Comparable as a full-service competitor particularly in EMEA and APAC, though privately held and slightly smaller in U.S. scale.
• Avison Young: Privately held global CRE services firm competing with C&W in investment sales, leasing, valuation and project management. Comparable as a privately held alternative in the same full-service CRE advisory category, though smaller and less diversified geographically than the 'Big 3'.

Emerging players

• Marcus & Millichap: Investment sales brokerage specializing in commercial real estate transactions across multifamily, retail, office, industrial, self-storage and senior housing. Comparable to C&W's Capital Markets service line in U.S. CRE investment sales, though narrower in scope and lacking asset services and occupier advisory.
• Transwestern: Privately held U.S. commercial real estate firm offering agency leasing, tenant representation, capital markets, property management and project management. Comparable as a U.S. full-service CRE competitor, though smaller and more regionally focused than C&W's global platform.
• Lee & Associates: Privately held U.S. commercial real estate brokerage offering agency leasing, tenant representation, investment sales and property management. Comparable to C&W's U.S. brokerage and capital markets service lines, though smaller and U.S.-only in geographic footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/cushwake
• YouTubeyoutube.com/user/theCushmanWakefield
• Facebookfacebook.com/CushmanWakefield
• LinkedInlinkedin.com/company/cushman-&-wakefield
• Instagraminstagram.com/cushwake

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries1 record

Funding overview

Funding rounds6 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A8 records

Investments11 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cushman & Wakefield