Commercial real estate Building Operations & Experience local-currency revenue growth measures CBRE BOE segment revenue growth after removing foreign-currency translation effects.
CBRE reported 13.3% local-currency growth in BOE revenue in the second quarter of 2026. Reported revenue increased 14.6% to $6.686B from $5.833B.
Pass-through costs are a major part of reported revenue
BOE pass-through costs were $3.534B in the quarter.
Because reimbursable third-party vendor costs are included in revenue, reported revenue growth should not be treated as equivalent to net service growth or margin expansion.
BOE is predominantly resilient contract-based work
The segment includes facilities management, property management, flex-space and experience services, and critical infrastructure services.
Compare it with resilient business revenue growth and Project Management local-currency revenue growth.
Primary source: CBRE Q2 2026 SEC-filed earnings release.
Part of the Commercial Real Estate Services Growth Economics
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- CBREOpen operating-model research →10 of 10 reviewed concepts in Commercial Real Estate Services Growth EconomicsRecurring and contract-based services4 of 4 bridge concepts supportedContinue through this bridge:Loan Servicing Portfolio GrowthProject Management GrowthResilient Business Growth
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Compare commercial real estate services economics
Compare Building Operations & Experience growth while keeping pass-through costs and resilient contract-based services explicit.
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