Financial research concept

Commercial Real Estate Advisory Local-Currency Revenue Growth

measures Advisory Services revenue growth after removing foreign-currency translation effects.

By Lee BaileyPublished Oct 1, 2026

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Research date: Oct 1, 2026Use the dated article and cited sources for the definition, examples, and stated limitations.
Operating-model context: 10 connected conceptsPart of the reviewed Commercial Real Estate Services Growth Economics; issuer definitions remain distinct where disclosed.
Company examples: 1 reviewed companyRelationships reflect supported examples, not a normalized cross-company KPI ranking.

Transaction activity drove much of the increase
Local-currency growth is not transaction volume
Part of the Commercial Real Estate Services Growth Economics
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Commercial real estate Advisory local-currency revenue growth measures CBRE Advisory Services revenue growth after removing foreign-currency translation effects.

CBRE reported 16.8% local-currency growth in Advisory Services revenue in the second quarter of 2026. Reported revenue increased 17.7% to $2.306B from $1.959B.

Transaction activity drove much of the increase

Global leasing revenue rose 23% in local currency, property sales 19%, mortgage origination 8%, and valuations 10%.

That makes Advisory growth a composite of several transaction and portfolio-service activities.

Local-currency growth is not transaction volume

Revenue can reflect transaction count, deal size, pricing, asset mix, and service mix.

Compare it with leasing local-currency revenue growth and property sales local-currency revenue growth.

Primary source: CBRE Q2 2026 SEC-filed earnings release.

Part of the Commercial Real Estate Services Growth Economics

Connects CBRE transaction-sensitive Advisory growth, recurring and contract-based service growth, and issuer-defined resilient-versus-transactional growth measures.

Browse the full operating model in Company Analysis →

Where this concept fits

Advisory transaction and valuation activityCurrent relationship
Advisory, leasing, property sales, mortgage origination, and valuations revenue growth show transaction-sensitive commercial real-estate service activity while preserving distinct drivers and currency effects.
Advisory Local-Currency GrowthCurrent conceptLeasing Local-Currency Growth Mortgage Origination Growth Property Sales Local-Currency Growth Valuations Local-Currency Growth
Resilient versus transactional portfolio growthCurrent relationship
Advisory growth plus issuer-defined Resilient and Transactional Business growth frame CBRE's mix of cyclical transaction services and more durable recurring service lines.
Advisory Local-Currency GrowthCurrent conceptResilient Business Growth Transactional Business Growth
Recurring and contract-based services
Loan servicing portfolio growth, Building Operations & Experience, Project Management, and Resilient Business growth show more recurring or contract-based service activity while preserving pass-through and portfolio boundaries.
Building Operations Growth Loan Servicing Portfolio Growth Project Management Growth Resilient Business Growth

Advisory Local-Currency GrowthCurrent concept
Building Operations Growth
Leasing Local-Currency Growth
Loan Servicing Portfolio Growth
Mortgage Origination Growth
Project Management Growth
Property Sales Local-Currency Growth
Resilient Business Growth
Transactional Business Growth
Valuations Local-Currency Growth

See It in Company Research

These companies are examples of how the concept is reported or discussed in public filings. Definitions can differ by issuer; these links open company research rather than a normalized metric comparison.

CBREOpen operating-model research →10 of 10 reviewed concepts in Commercial Real Estate Services Growth EconomicsAdvisory transaction and valuation activity5 of 5 bridge concepts supportedContinue through this bridge:Leasing Local-Currency Growth Mortgage Origination Growth Property Sales Local-Currency Growth Valuations Local-Currency GrowthResilient versus transactional portfolio growth3 of 3 bridge concepts supportedContinue through this bridge:Resilient Business Growth Transactional Business Growth

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Compare Advisory local-currency growth while preserving leasing, sales, mortgage, valuation, and currency effects.

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