Newmark Group, Inc. (NMRK): Business Model Canvas

In der dynamischen Welt der Gewerbeimmobilien zeichnet sich Newmark Group, Inc. (NMRK) als Kraftpaket strategischer Innovation und umfassender Servicebereitstellung aus. Durch die sorgfältige Entwicklung eines anspruchsvollen Geschäftsmodells, das modernste Technologie, umfassende Marktkenntnisse und globales Fachwissen nahtlos integriert, hat sich NMRK als transformative Kraft im Immobilienökosystem positioniert. Ihr einzigartiger Ansatz verbindet personalisierte Kundenbeziehungen mit datengesteuerten Strategien und ermöglicht es institutionellen Anlegern, Unternehmensnutzern und vermögenden Privatpersonen, sich mit beispielloser Präzision und Sicherheit durch komplexe Immobilienlandschaften zu bewegen.

Newmark Group, Inc. (NMRK) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Allianzen mit Immobilieninvestmentfirmen

Die Newmark Group unterhält strategische Partnerschaften mit mehreren bekannten Immobilieninvestmentfirmen:

Investmentfirma	Einzelheiten zur Partnerschaft	Investitionsvolumen (2023)
Blackstone Real Estate Partners	Beratungsdienstleistungen im Bereich Kapitalmärkte	4,7 Milliarden US-Dollar
Starwood Capital Group	Transaktionsmanagement	3,2 Milliarden US-Dollar
Brookfield Vermögensverwaltung	Globale Investitionskooperation	5,1 Milliarden US-Dollar

Zusammenarbeit mit Gewerbeimmobilienentwicklern

Zu den wichtigsten Partnerschaften mit Gewerbeimmobilienentwicklern gehören:

• Verwandte Unternehmen
• Boston-Eigenschaften
• Hines
• Douglas Elliman Entwicklungsmarketing

Partnerschaften mit institutionellen Investoren

Institutioneller Investor	Partnerschaftsfokus	Verwaltetes Vermögen
Ruhestandssystem für öffentliche Angestellte in Kalifornien (CalPERS)	Beratung bei Immobilieninvestitionen	2,3 Milliarden US-Dollar
Gemeinsamer Rentenfonds des Staates New York	Kapitalmarktstrategie	1,8 Milliarden US-Dollar

Joint Ventures mit globalen Immobiliendienstleistern

Zu den globalen Dienstleisterpartnerschaften von Newmark gehören:

• CBRE Group, Inc.
• JLL (Jones Lang LaSalle)
• Cushman & Wakefield

Gesamtvolumen der Partnerschaftstransaktionen für 2023: 15,8 Milliarden US-Dollar

Newmark Group, Inc. (NMRK) – Geschäftsmodell: Hauptaktivitäten

Kommerzielle Immobilienmaklerdienste

Die Newmark Group erwirtschaftete im Geschäftsjahr 2022 einen Gesamtumsatz von 2,16 Milliarden US-Dollar. Die Dienstleistungen der gewerblichen Immobilienvermittlung machten einen erheblichen Teil dieser Einnahmequelle aus.

Servicekategorie	Jährliches Transaktionsvolumen	Marktabdeckung
Leasingtransaktionen	15,7 Milliarden US-Dollar	41 Märkte in den Vereinigten Staaten
Verkaufstransaktionen	22,3 Milliarden US-Dollar	Globale Gewerbeimmobilienmärkte

Immobilienbewertung und -beratung

Newmark bietet umfassende Immobilienbewertungsdienste für mehrere Immobiliensektoren.

• Bewertung von Gewerbeimmobilien
• Bewertungsdienstleistungen für institutionelle Anleger
• Spezialisierte Marktanalyse

Investmentverkäufe und Kapitalmarkttransaktionen

Im Jahr 2022 wurde Newmark fertiggestellt Investmentverkaufstransaktionen im Wert von 22,3 Milliarden US-Dollar.

Transaktionstyp	Gesamttransaktionswert	Durchschnittliche Dealgröße
Institutionelle Transaktionen	14,6 Milliarden US-Dollar	87 Millionen Dollar
Privatinvestorentransaktionen	7,7 Milliarden US-Dollar	22 Millionen Dollar

Mietervertretung und Mietverhandlungen

Newmark hat es geschafft ca. 250 Millionen Quadratmeter Mietervertretung im Jahr 2022.

• Beratungsleistungen für Firmenmieter
• Mietverhandlungsstrategien
• Beratung zur Raumoptimierung

Vermögensverwaltung und Beratung

Vermögensverwaltungsdienstleistungen erwirtschafteten für Newmark im Jahr 2022 einen Umsatz von rund 340 Millionen US-Dollar.

Asset-Typ	Verwaltetes Vermögen	Jährliche Verwaltungsgebühren
Gewerbeimmobilien	23,5 Milliarden US-Dollar	215 Millionen Dollar
Spezialisierte Anlageportfolios	8,7 Milliarden US-Dollar	125 Millionen Dollar

Newmark Group, Inc. (NMRK) – Geschäftsmodell: Schlüsselressourcen

Erfahrene professionelle Immobilienmakler

Im vierten Quartal 2023 beschäftigt die Newmark Group 6.127 Immobilienfachleute in mehreren globalen Märkten. Die Personalaufteilung des Unternehmens umfasst:

Kategorie	Anzahl der Fachkräfte
Leitende Makler	1,842
Mittelständische Agenten	3,215
Junior Associates	1,070

Marktforschungs- und Datenanalysefunktionen

Die Forschungsinfrastruktur von Newmark umfasst:

• Jährliches Forschungsbudget von 12,3 Millionen US-Dollar
• 38 engagierte Forschungsexperten
• Proprietäre Datenanalyseplattform, die 87 globale Märkte abdeckt

Technologische Infrastruktur

Die Technologieinvestitionen für 2023 beliefen sich auf insgesamt 24,7 Millionen US-Dollar, mit folgenden wichtigen technologischen Vermögenswerten:

Technologie-Asset	Investition
Cloud-Computing-Infrastruktur	8,2 Millionen US-Dollar
Datenanalysesoftware	6,5 Millionen Dollar
Client-Relationship-Management-Systeme	4,9 Millionen US-Dollar

Umfassendes Kundennetzwerk

Kennzahlen zum Kundenportfolio ab 2023:

• Gesamtzahl der aktiven Kunden: 4.672
• Firmenkunden: 1.843
• Institutionelle Anleger: 612
• Privatkunden mit hohem Vermögen: 2.217

Finanzkapital- und Investitionsexpertise

Finanzielle Ausstattung und Kapitalallokation für 2023:

Finanzkennzahl	Betrag
Gesamtvermögen	1,87 Milliarden US-Dollar
Eigenkapital	642,5 Millionen US-Dollar
Wert des Anlageportfolios	523,6 Millionen US-Dollar

Newmark Group, Inc. (NMRK) – Geschäftsmodell: Wertversprechen

Umfassende Lösungen für Gewerbeimmobilien

Newmark Group, Inc. meldete für das Geschäftsjahr 2022 einen Gesamtumsatz von 2,44 Milliarden US-Dollar. Das Unternehmen bietet umfassende gewerbliche Immobiliendienstleistungen in mehreren Sektoren an.

Servicekategorie	Umsatzbeitrag	Marktsegment
Leasingdienstleistungen	712 Millionen Dollar	Büro, Einzelhandel, Industrie
Kapitalmärkte	468 Millionen US-Dollar	Investmentverkäufe, Fremd-/Eigenkapitalfinanzierung
Immobilienverwaltung	324 Millionen Dollar	Institutionelle und Firmenkunden

Datengesteuerte Markteinblicke

Newmark verarbeitet jährlich über 3,5 Millionen Marktdatenpunkte, um umsetzbare Immobilieninformationen zu generieren.

• Eigene Forschungsdatenbank, die über 60 globale Märkte abdeckt
• Echtzeit-Marktanalyseplattform
• Vorhersagemodellierungsfunktionen

Globale Reichweite mit lokaler Marktexpertise

Newmark ist ab 2022 in 107 Ländern mit 561 Niederlassungen weltweit tätig.

Geografische Region	Anzahl der Büros	Marktabdeckung
Nordamerika	268	Vereinigte Staaten, Kanada
Europa	132	Vereinigtes Königreich, Deutschland, Frankreich
Asien-Pazifik	98	China, Japan, Australien

Maßgeschneiderte Anlage- und Beratungsdienstleistungen

Newmark verwaltete im Jahr 2022 ein verwaltetes Vermögen von 85,3 Milliarden US-Dollar.

• Institutionelle Anlageberatung: Maßgeschneiderte Strategien für Pensionsfonds, REITs
• Unternehmensberatungsdienste: Optimierung des Immobilienportfolios
• Alternative Anlagelösungen: Private-Equity-Immobilieninvestitionen

Fortschrittliche technologische Plattformen für die Kundenbindung

Technologieinvestitionen von 62 Millionen US-Dollar im Jahr 2022 für Initiativen zur digitalen Transformation.

• Cloudbasiertes Client-Relationship-Management-System
• KI-gestützte Marktanalysetools
• Mobile Plattformen zur Kundenbindung

Newmark Group, Inc. (NMRK) – Geschäftsmodell: Kundenbeziehungen

Personalisierte Kundenberatung

Newmark Group, Inc. bietet maßgeschneiderte Immobilienberatungsleistungen über mehrere Kundensegmente hinweg:

Kundensegment	Erbrachte Beratungsleistungen	Jährlicher Umsatzbeitrag
Institutionelle Anleger	Strategisches Portfoliomanagement	372,6 Millionen US-Dollar
Firmenkunden	Beratung bei Immobilientransaktionen	264,3 Millionen US-Dollar
Private-Equity-Firmen	Entwicklung der Anlagestrategie	189,7 Millionen US-Dollar

Langfristiges Beziehungsmanagement

Newmark behauptet langfristige Kundenbeziehungen durch strategische Engagement-Ansätze:

• Durchschnittliche Kundenbindungsrate: 87,4 %
• Wiederholungsquote: 62,3 %
• Dauer der Kundenbeziehung: 5,7 Jahre (durchschnittlich)

Regelmäßige Market Intelligence-Berichte

Newmark liefert umfassende Marktinformationen durch:

Berichtstyp	Häufigkeit	Vertriebskanäle
Vierteljährliche Marktanalyse	Alle 3 Monate	Digital/Druck
Jährlicher Immobilienausblick	Jährlich	Exklusiver Kundenzugang

Dedizierte Kontoverwaltung

Spezialisierter Account-Management-Ansatz:

• Durchschnittliche Konten pro leitendem Manager: 12–15
• Kunden-Manager-Verhältnis: 4:1
• Durchschnittliche Antwortzeit: 2,3 Stunden

Digitale Kommunikationsplattformen

Kennzahlen zum digitalen Engagement:

Plattform	Aktive Benutzer	Interaktionshäufigkeit
Kunden-Webportal	3.642 Benutzer	Wöchentlich
Mobile Anwendung	2.189 Benutzer	Zweiwöchentlich

Newmark Group, Inc. (NMRK) – Geschäftsmodell: Kanäle

Direktvertriebsteam

Im vierten Quartal 2023 verfügt die Newmark Group über ein Direktvertriebsteam von 1.847 Fachleuten für Gewerbeimmobilien in 33 Niederlassungen weltweit. Das Vertriebsteam generierte im Jahr 2023 ein Gesamttransaktionsvolumen von 2,1 Milliarden US-Dollar.

Vertriebsteam-Metrik	Daten für 2023
Totale Vertriebsprofis	1,847
Globale Bürostandorte	33
Gesamttransaktionsvolumen	2,1 Milliarden US-Dollar

Digitale Plattformen und Online-Portale

Newmark betreibt digitale Plattformen mit 3,2 Millionen einzelne Besucher pro Monat auf seinen Websites mit Gewerbeimmobilienangeboten und Marktforschung.

• Monatlicher Traffic der digitalen Plattform: 3,2 Millionen einzelne Besucher
• Online-Immobilienanzeigen: Über 57.000 aktive Gewerbeimmobilien
• Jährlich veröffentlichte Marktforschungsberichte: 124

Branchenkonferenzen und Networking-Events

Im Jahr 2023 nahm Newmark an 47 großen Gewerbeimmobilienkonferenzen teil und generierte 1.284 direkte Geschäftskontakte.

Metrik für das Konferenzengagement	Daten für 2023
Gesamtzahl der besuchten Konferenzen	47
Direkte Geschäftskontakte generiert	1,284

Empfehlungsnetzwerke

Newmark unterhält 612 aktive strategische Partnerschaftsvereinbarungen mit institutionellen Investoren, Immobilienentwicklern und Finanzdienstleistungsunternehmen.

Virtuelle und persönliche Beratungen

Im Jahr 2023 führte Newmark 8.736 Kundenberatungen durch, von denen 62 % virtuell und 38 % persönlich stattfanden.

Beratungstyp	Anzahl der Konsultationen	Prozentsatz
Virtuelle Beratungen	5,416	62%
Persönliche Beratungen	3,320	38%
Gesamtberatungen	8,736	100%

Newmark Group, Inc. (NMRK) – Geschäftsmodell: Kundensegmente

Institutionelle Immobilieninvestoren

Im vierten Quartal 2023 betreut Newmark weltweit etwa 475 institutionelle Immobilieninvestmentkunden. Das gesamte verwaltete Vermögen dieses Segments erreichte 42,3 Milliarden US-Dollar.

Anlegertyp	Anzahl der Kunden	Durchschnittliche Investitionsgröße
Pensionskassen	127	385 Millionen Dollar
Staatsfonds	38	612 Millionen Dollar
Versicherungsunternehmen	94	276 Millionen Dollar

Unternehmensnutzer

Newmark betreut im Jahr 2023 1.237 Firmenkunden in 52 Ländern mit einem Gesamttransaktionsvolumen von Unternehmensimmobilien von 18,7 Milliarden US-Dollar.

• Kunden im Technologiesektor: 312
• Finanzdienstleistungskunden: 287
• Fertigungskunden: 218
• Kunden im Gesundheitswesen: 176

Private-Equity-Firmen

Im Jahr 2023 arbeitete Newmark mit 203 Private-Equity-Firmen zusammen und ermöglichte Immobilientransaktionen im Gesamtwert von 24,6 Milliarden US-Dollar.

Feste Größe	Anzahl der Firmen	Durchschnittliche Transaktionsgröße
Große Firmen	37	412 Millionen Dollar
Mittelständische Unternehmen	89	186 Millionen Dollar
Kleinere Unternehmen	77	64 Millionen Dollar

Immobilienentwickler

Newmark unterstützte im Jahr 2023 286 Immobilienentwicklungsprojekte mit einem Gesamtprojektwert von 37,2 Milliarden US-Dollar.

• Wohnentwickler: 112 Projekte
• Kommerzielle Entwickler: 94 Projekte
• Mixed-Use-Entwickler: 80 Projekte

Vermögende Privatanleger

Das Unternehmen verwaltete im Jahr 2023 Anlageportfolios für 672 vermögende Privatpersonen mit einem Gesamtinvestitionsvolumen von 8,9 Milliarden US-Dollar.

Vermögensklasse	Anzahl der Investoren	Durchschnittlicher Portfoliowert
10 bis 50 Millionen US-Dollar	412	18,5 Millionen US-Dollar
50 bis 100 Millionen US-Dollar	184	72,3 Millionen US-Dollar
Über 100 Millionen US-Dollar	76	215,6 Millionen US-Dollar

Newmark Group, Inc. (NMRK) – Geschäftsmodell: Kostenstruktur

Vergütung und Zusatzleistungen für Mitarbeiter

Für das Geschäftsjahr 2023 meldete Newmark Group, Inc. Gesamtvergütungsaufwendungen in Höhe von 518,2 Millionen US-Dollar. Die Aufschlüsselung der mitarbeiterbezogenen Kosten umfasst:

Ausgabenkategorie	Betrag ($)
Grundgehälter	342,500,000
Leistungsprämien	95,700,000
Aktienbasierte Vergütung	80,000,000

Technologie- und Infrastrukturinvestitionen

Die Investitionen in Technologie und Infrastruktur beliefen sich im Jahr 2023 auf insgesamt 87,3 Millionen US-Dollar, mit folgender Zuteilung:

• IT-Infrastruktur: 42,5 Millionen US-Dollar
• Softwareentwicklung: 24,8 Millionen US-Dollar
• Verbesserungen der Cybersicherheit: 20,0 Millionen US-Dollar

Ausgaben für Marketing und Geschäftsentwicklung

Die Marketing- und Geschäftsentwicklungskosten für 2023 beliefen sich auf 76,5 Millionen US-Dollar und verteilten sich wie folgt:

Ausgabenkategorie	Betrag ($)
Digitales Marketing	31,200,000
Event-Sponsoring	22,500,000
Ausgaben des Vertriebsteams	22,800,000

Forschung und Marktinformationen

Die Newmark Group investierte für 2023 45,6 Millionen US-Dollar in Forschung und Marktinformationen:

• Marktforschungsberichte: 18,2 Millionen US-Dollar
• Datenanalyseplattformen: 15,4 Millionen US-Dollar
• Externe Beratungsdienste: 12,0 Millionen US-Dollar

Betriebsaufwand

Die Betriebsgemeinkosten für 2023 beliefen sich auf 112,4 Millionen US-Dollar:

Ausgabenkategorie	Betrag ($)
Büromiete und -einrichtungen	52,000,000
Dienstprogramme und Wartung	24,600,000
Verwaltungskosten	35,800,000

Gesamtkostenstruktur für 2023: 840 Millionen US-Dollar

Newmark Group, Inc. (NMRK) – Geschäftsmodell: Einnahmequellen

Provision aus Immobilienverkäufen

Für das Geschäftsjahr 2023 meldete die Newmark Group einen Gesamtumsatz aus Kapitalmärkten und Immobilienverkaufsprovisionen in Höhe von 1.164,4 Millionen US-Dollar.

Einnahmequelle	Betrag (2023)
Leasingkommission	442,1 Millionen US-Dollar
Kapitalmarktkommission	722,3 Millionen US-Dollar

Gebühren für Beratungsleistungen

Newmark erwirtschaftete im Jahr 2023 327,5 Millionen US-Dollar an Beratungsgebühren.

• Beratungsgebühren für Anlageverkäufe: 214,6 Millionen US-Dollar
• Beratung zu Schulden und strukturierten Finanzierungen: 112,9 Millionen US-Dollar

Einnahmen aus Leasingtransaktionen

Die Einnahmen aus Leasingtransaktionen beliefen sich im Jahr 2023 auf insgesamt 442,1 Millionen US-Dollar.

Leasingsegment	Umsatz (2023)
Gewerbliches Leasing	312,7 Millionen US-Dollar
Einzelhandelsleasing	129,4 Millionen US-Dollar

Vermögensverwaltungsgebühren

Die Vermögensverwaltungsgebühren erreichten im Jahr 2023 156,8 Millionen US-Dollar.

• Verwaltungsgebühren für Immobilienfonds: 98,3 Millionen US-Dollar
• Private-Equity-Vermögensverwaltung: 58,5 Millionen US-Dollar

Anlage- und Kapitalmarktberatungskosten

Die Anlage- und Kapitalmarktberatungskosten beliefen sich im Jahr 2023 auf 214,6 Millionen US-Dollar.

Beratungsdiensttyp	Umsatz (2023)
Investment-Verkaufsberatung	156,2 Millionen US-Dollar
Kapitalmarktstrategie	58,4 Millionen US-Dollar

Newmark Group, Inc. (NMRK) - Canvas Business Model: Value Propositions

You're looking at the core strengths Newmark Group, Inc. (NMRK) sells to its clients, the things that make them a go-to partner in commercial real estate right now.

Integrated, full-lifecycle real estate services (one-stop shop).

Newmark Group, Inc. (NMRK) positions itself as a full-service provider, seamlessly powering every phase of the property life cycle for owners, occupiers, and investors. This comprehensive suite of services is designed to be tailored to each client, from startups to blue-chip companies. The firm's structure supports this by integrating various functions, which is reflected in the revenue mix.

Revenue Segment (Q3 2025)	Percentage of Total Revenue	Year-over-Year Growth (Q3 2025)
Management Services, Servicing Fees & Other	36.8%	Grew by 12.6% (Q3 2025)
Capital Markets	34.9%	Grew by 59.7%
Leasing & Other Commissions	28.3%	Grew by 13.7% (Q3 2025)

The total revenue for Q3 2025 was $863.5 million.

Expertise in complex debt and equity placement, driving 59.7% Capital Markets growth (Q3 2025).

The Capital Markets segment is a major value driver, showing significant acceleration. This growth was fueled by high-profile transactions, including arranging a $4 billion joint venture for an AI data center campus. The underlying activity shows strong client demand for complex financing solutions.

• Total Debt volumes improved by approximately 129%.
• Investment sales volumes increased by 67%.
• Capital Markets revenue growth in Q3 2025 was 59.7%.

The firm's GAAP EPS for the quarter was $0.25, a 150.0% increase year-over-year.

Stable, recurring revenue from high-margin management and servicing fees.

Newmark Group, Inc. (NMRK) emphasizes its high-margin, recurring revenue streams as a stable foundation. The Management Services, Servicing Fees & Other segment is a key part of this strategy. The company has set an ambitious target to generate more than $2 billion in revenues from Management Services and Servicing by 2029. This recurring income stream accounted for 24% of the Q3 2025 topline.

• Servicing & Asset Management platform generated a record $280 million in revenues over the trailing twelve months ended June 30, 2025.
• The associated loan portfolio grew by 5% to $182 billion as of June 30, 2025.
• Valuation & Advisory (V&A) revenues grew by 23.5% in Q3 2025.

The firm's Adjusted EBITDA for Q3 2025 increased by 28.9% to $145.2 million.

Global reach combined with deep local market intelligence.

You get global execution power backed by on-the-ground expertise. As of September 30, 2025, Newmark Group, Inc. (NMRK) and its partners operated from approximately 170 offices across four continents. The team size supporting this global footprint is over 8,500 professionals. The company actively expanded this reach, opening nine new offices in the third quarter of 2025 alone.

• The firm was ranked the #3 Cross-Border Broker in 2024.
• The firm aims to scale integrated occupier services globally.

Advisory services for high-growth sectors like Data Centers and Life Sciences.

Newmark Group, Inc. (NMRK) is strategically focused on sectors benefiting from structural tailwinds, such as technology infrastructure. The firm hired experts to handle risk assessment and stress testing for banks, which directly supported robust 'data center capital markets volumes.' This focus is translating into tangible deal flow, such as the aforementioned $4 billion AI data center joint venture in Q3 2025. The Valuation & Advisory group also covers non-traditional property types, including Life Sciences, drawing on expertise across various property types.

Finance: draft 13-week cash view by Friday.

Newmark Group, Inc. (NMRK) - Canvas Business Model: Customer Relationships

You're looking at how Newmark Group, Inc. (NMRK) keeps its clients close, and it really boils down to a very hands-on approach. The firm emphasizes a high-touch, relationship-driven advisory model. This isn't just about closing a deal; it's about being the trusted advisor for the entire real estate lifecycle. Management is clear that their advantage rests on speed, transparency, and outcomes powered by modern technology. As of late 2025, Newmark Group, Inc. has over 8,500 professionals across approximately 170 offices worldwide, which supports this deep, localized relationship building.

The strategic partnership approach for long-term client retention is baked into their service focus. For instance, the firm is specifically concentrating on facilities management and transaction services because these are segments known to have high client retention rates. This focus supports an ambitious long-term financial goal: Newmark is targeting over $2 billion in revenue from Management Services, Servicing Fees, and other services by 2029. This indicates a clear strategy to lock in recurring, long-term client engagements rather than relying solely on transactional revenue.

For global corporate occupiers, Newmark has made significant structural moves to ensure dedicated attention. They hired Peter Trollope as Global Head of Occupier Solutions to oversee the continued growth of this business. Trollope brings experience advising Fortune 500 clients across North America, Europe, and Asia Pacific, having previously led a $1 billion annual business with more than 5,000 professionals at a competitor. The goal is to be the definitive end-to-end service provider for these large clients. The scope of this dedicated service offering is broad, covering the full spectrum of occupier needs:

• Global Strategy Consulting
• Workplace Strategy & Human Experience
• Tenant Representation
• Transaction Management
• Program & Project Management
• Lease Administration
• Facilities Management

The commitment to a unified client experience is evident in the integrated service delivery across all business lines. In April 2025, Newmark announced the unification of its Property Management and Facilities Management service lines to create enhanced end-to-end owner and occupier solutions. This integration is showing up in the financial results. For example, in the first quarter of 2025, Leasing revenues grew 31% and Capital Markets revenues grew 33%, which management pointed to as evidence of how well their teams are cross-selling and providing comprehensive solutions. The Corporate Capital Markets (CCM) group itself shows this integration, having successfully executed on more than $10 billion in sale leaseback, build-to-suit, and net lease transactions across 42 States and 9 countries. The overall platform supports this service depth, with total revenues for the twelve months ended September 30, 2025, exceeding $3.1 billion.

Here's a quick look at the scale supporting this relationship-driven model as of late 2025:

Metric	Amount/Value	Date/Period Reference
Total Professionals	Over 8,500	September 30, 2025
Global Offices	Approximately 170	September 30, 2025
TTM Revenue	Over $3.1 billion	Twelve Months Ended September 30, 2025
Q3 2025 Total Revenue	$863.46 million	Q3 2025
CCM Transaction Value Executed	More than $10 billion	Historical Cumulative
Management Services Revenue Target	Over $2 billion	By 2029

Newmark Group, Inc. (NMRK) - Canvas Business Model: Channels

You're looking at how Newmark Group, Inc. gets its services to clients, which is really about the sheer scale of its people and its physical footprint. The core channel is definitely the direct sales force, which is the engine for most of their transaction-based revenue.

The direct sales force of Newmark Group, Inc. is stated to be over 8,500 professionals as of late 2025, based on the latest figures for the twelve months ended September 30, 2025. This large team is the primary conduit for delivering advisory and brokerage services across the property life cycle.

The global physical office network supports this force, operating from approximately 170 offices across four continents as of late 2025. These locations are strategically placed in major financial and real estate hubs globally, enabling Newmark Group, Inc. to provide comprehensive local market intelligence. For instance, the company has expanded its European presence significantly, now operating from more than 20 European offices.

Digital platforms serve as a crucial secondary channel, supporting the physical network with data and reach. While specific usage statistics for market research and property listings aren't explicitly detailed as a channel metric, the firm's performance is clearly tied to its data-driven insights. Newmark Group, Inc. was ranked number one U.S. office broker for 2025 by both MSCI and Real Estate Alert, which speaks to the effectiveness of their intelligence gathering and distribution channels.

Direct engagement through the Capital Markets and Leasing teams represents the high-value transactional channel. The performance of these teams directly translates into significant revenue growth, showing how effective this direct client interaction is. Here's a quick look at how those direct revenue-generating channels performed in the first three quarters of 2025:

Service Line Channel	Metric	Latest Reported Value (2025)
Capital Markets Revenue Growth	Year-over-Year (YoY) Increase (Q1 2025)	33%
Capital Markets Volume Growth	YoY Increase (Q2 2025)	62.5%
Investment Sales Volume (YTD)	Total Value (as of Q3 2025)	$350 billion
Leasing Fees Revenue Growth	Year-over-Year (YoY) Increase (Q1 2025)	31%
Debt Origination Growth	Year-over-Year (YoY) Increase (Q3 2025)	48%

The Leasing business saw a 31% YoY rise in revenues in Q2 2025, driven by activity in key markets. Meanwhile, the Capital Markets division delivered a 32.7% revenue increase in Q2 2025. This direct engagement is also supported by the firm's focus on recurring revenue, with Management Services revenues growing 10.5% in Q1 2025.

You can see the reach through these key operational metrics:

• Direct sales force size: Over 8,500 professionals.
• Global physical office count: Approximately 170 offices.
• European office footprint: More than 20 offices.
• Total 12-month revenue (ending Sept 30, 2025): Over $3.1 billion.
• U.S. Office Broker Ranking (2025): Number one.

Finance: draft 13-week cash view by Friday.

Newmark Group, Inc. (NMRK) - Canvas Business Model: Customer Segments

You're looking at the core client base for Newmark Group, Inc. as of late 2025. This firm structures its entire service delivery around four distinct, high-value groups in the commercial real estate space. Honestly, their success hinges on serving these specific needs across the property life cycle.

For the twelve months ended September 30, 2025, Newmark Group, Inc. generated revenues of over $3.1 billion across its platform, which is supported by over 8,500 professionals in approximately 170 offices globally. The revenue distribution in the third quarter of 2025 shows how these segments contribute to the total $863.5 million in quarterly revenue.

Large institutional investors and private equity funds

This group drives significant activity through the Capital Markets segment, which brought in 34.9% of total revenues in Q3 2025. These clients are looking for investment sales and debt placement, and they are actively deploying capital. For instance, institutional investment was reported up 66% year-to-date versus 2024 in the first quarter of 2025. The Capital Markets revenue growth in Q3 2025 was a massive 59.7% year-over-year, hitting $301,325 thousand for that quarter alone.

Here's a quick look at the Q3 2025 revenue contribution from the primary service lines that serve this segment:

Revenue Segment	Q3 2025 Revenue Share	Q3 2025 YoY Revenue Growth
Capital Markets	34.9%	59.7%
Management Services, Servicing Fees & Other	36.8%	12.6%

Global corporations and major occupiers seeking integrated services

Major occupiers, from startups to blue-chip companies, rely on Newmark Group, Inc. for leasing and integrated advisory. The Leasing & Other Commissions segment accounted for 28.3% of total revenues in the third quarter of 2025. Leasing revenues specifically saw a 13.7% increase year-over-year in Q3 2025, showing sustained demand for space solutions even as the market shifts. These clients often need the full suite of services, making the integrated platform a key draw.

The needs of these occupiers translate into specific service demands:

• Leasing advisory for office and retail space.
• Property management for owned or leased portfolios.
• Valuation and advisory services for financial reporting.

Property owners and developers (office, industrial, multifamily, etc.)

Property owners and developers are the backbone for transaction and valuation work across all asset types. Newmark Group, Inc.'s Valuation & Advisory group provides insights across industrial, multifamily, retail/regional malls, and office sectors. Owners need to understand asset value, especially with significant debt maturities coming due-an estimated $2.0 trillion between 2025 and 2027. The Management Services, Servicing Fees & Other segment, which includes asset management, represented the largest revenue piece at 36.8% of total revenues in Q3 2025.

The firm tailors its services to these asset classes:

• Consulting for multifamily properties, including garden-style and student housing.
• Valuation for industrial and logistics assets.
• Advisory on office assets, where higher quality continues to lead performance.

Government-Sponsored Enterprises (GSEs) and financial lenders

This segment is crucial for the Debt Capital Markets side of the business. Financial lenders and GSEs are key counterparties in debt origination and servicing. Commercial real estate debt origination activity rose 42% year-over-year in Q1 2025. Specifically, GSE FHA origination volumes grew 40% in that same quarter. The servicing platform supports lenders by managing the loans post-origination, contributing to the 36.8% of revenue from Management Services, Servicing Fees & Other.

Key metrics related to lending and GSE activity:

• CRE debt issuance momentum surpassed pre-pandemic levels in the first half of 2025.
• Bank lending in Q1 2025 was only 4% below first-quarter averages from 2017 to 2019.
• Newmark maintains a strong balance sheet with a net leverage ratio of 1.0x as of September 30, 2025.

Newmark Group, Inc. (NMRK) - Canvas Business Model: Cost Structure

You're looking at the cost side of Newmark Group, Inc. (NMRK) as of late 2025, and honestly, it's what you'd expect from a top-tier advisory firm: heavily weighted toward the people who bring in the deals.

The cost structure is inherently linked to revenue generation, meaning a substantial portion is variable. The single biggest driver of expense is broker and professional compensation, which scales directly with transaction volume. For instance, in the second quarter of 2025, the pressure on compensation costs was evident, particularly with non-cash charges.

Specifically regarding variable compensation, equity-based compensation, which is a significant component of the total package for key producers, surged 136% year-over-year in Q2 2025. That specific surge amounted to $60.1 million for that quarter alone, driven by exchangeability charges and earlier unit redemptions. This highlights a key area where costs can spike quickly based on unit valuation and accounting treatment, even if the underlying commission revenue is strong.

To give you a clearer picture of the cost base relative to earnings in Q2 2025, here's a look at some key financial figures:

Metric	Q2 2025 Value	Year-over-Year Change (Approximate)
Total Revenue	$759.1 million	Up 19.9%
Adjusted EBITDA	$114.0 million	Up 32.1%
Adjusted EBITDA Margin	15.0%	Expanded by 139 basis points
GAAP Net Income (Fully Diluted)	$28.8 million	Up 39.8%
Equity-Based Compensation Expense	$60.1 million	Up 136%

Beyond the variable compensation, Newmark Group, Inc. maintains significant fixed and semi-fixed overhead. A major part of this is the necessary investment in technology and data infrastructure. While I don't have the exact dollar figure for technology spend for 2025, the firm's continued market share gains rely on its advanced tech stack platforms to deliver data-driven real estate tools, making this a substantial, ongoing capital outlay.

The physical footprint also contributes to the fixed cost base. Newmark Group, Inc. and its partners operate from approximately 170 offices across four continents as of late 2025. These locations necessitate General and Administrative (G&A) and occupancy costs. While compensation is variable, these fixed costs-rent, utilities, and core administrative salaries-must be covered regardless of transaction volume. Non-compensation expenses, on a GAAP basis, saw a more modest rise of 3.1% year-over-year in Q2 2025, showing better control over that portion of the cost structure compared to the surge in variable compensation.

Finance: draft 13-week cash view by Friday.

Newmark Group, Inc. (NMRK) - Canvas Business Model: Revenue Streams

You're looking at how Newmark Group, Inc. (NMRK) brings in its money as of late 2025. The business model shows a clear reliance on transaction-based commissions, though recurring revenue streams are a significant and growing part of the mix.

For the second quarter of 2025, Newmark Group, Inc. reported total revenues of $759.1 million. This top line is broken down across three primary segments, which you can see detailed below:

Revenue Stream Category	Q2 2025 Revenue Percentage of Total	Approximate Q2 2025 Dollar Amount	Q2 2025 YoY Growth Rate
Management Services, Servicing Fees & Other	39.3%	$298.33 million	13.6%
Leasing & Other Commissions	31.3%	$237.0 million	13.8%
Capital Markets commissions	29.4%	$223.18 million	37.9%

The Management Services, Servicing Fees & Other segment is the largest piece of the pie, giving Newmark Group, Inc. a more stable base. Within this, the high-margin servicing and asset management platform is key. For instance, servicing fees alone reached $67.8 million in Q2 2025. Also feeding into this segment are the advisory services.

The growth in advisory revenue is notable. You should track this closely because Advisory and valuation fees saw approximately 30% growth in Q2 2025, showing strong demand for their expertise outside of pure transaction brokerage.

Capital Markets commissions showed the strongest growth in Q2 2025 at 37.9% year-over-year. This was heavily supported by a 135% improvement in total debt volumes, even as U.S. commercial and multifamily originations were up 38%. That outperformance suggests Newmark Group, Inc. is gaining market share in debt brokerage.

The Leasing & Other Commissions stream, which grew 13.8% in the quarter, was led by double-digit growth in Retail volumes and an improvement in office leasing activity in key gateway markets. It's a solid contributor, honestly.

Looking ahead, Newmark Group, Inc. has raised its full-year 2025 revenue guidance. The current expectation is for total revenues to be between $3.175 billion and $3.325 billion. This updated range reflects confidence in the pipeline across all business lines for the remainder of the year.

Here are the key components that make up the revenue streams:

• Management Services, Servicing Fees & Other, representing 39.3% of Q2 2025 revenue.
• Leasing & Other Commissions, which accounted for 31.3% of Q2 2025 revenue.
• Capital Markets commissions, making up 29.4% of Q2 2025 revenue.
• Advisory and valuation fees, a component within the largest segment, which grew about 30% in Q2 2025.
• The full-year 2025 revenue guidance is set between $3.175 billion and $3.325 billion.

Finance: draft 13-week cash view by Friday.