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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
Services
Global
Workplace
Solutions
Real Estate
Investments
Corporate, other and eliminationsConsolidated
Topic 606 Revenue:
Facilities management$— $3,820,120 $— $— $3,820,120 
Advisory leasing969,708 — — — 969,708 
Advisory sales715,719 — — — 715,719 
Property management460,992 — — (2,131)458,861 
Project management— 1,088,025 — — 1,088,025 
Valuation196,539 — — — 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 Revenue2,438,084 4,908,145 260,393 (2,131)7,604,491 
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination79,090 — — — 79,090 
Loan servicing70,809 — — — 70,809 
Development services (3)
— — 16,888 — 16,888 
Total Out of Scope of Topic 606 Revenue149,899 — 16,888 — 166,787 
Total Revenue$2,587,983 $4,908,145 $277,281 $(2,131)$7,771,278 
Three Months Ended June 30, 2021
Advisory
Services
Global
Workplace
Solutions
Real Estate
Investments
Corporate, other and eliminationsConsolidated
Topic 606 Revenue:
Facilities management$— $3,435,754 $— $— $3,435,754 
Advisory leasing692,908 — — — 692,908 
Advisory sales611,834 — — — 611,834 
Property management423,244 — — (4,457)418,787 
Project management— 646,968 — — 646,968 
Valuation181,226 — — — 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 Revenue1,986,541 4,082,722 231,785 (4,457)6,296,591 
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination89,667 — — — 89,667 
Loan servicing60,777 — — — 60,777 
Development services (3)
— — 11,578 — 11,578 
Total Out of Scope of Topic 606 Revenue150,444 — 11,578 — 162,022 
Total Revenue$2,136,985 $4,082,722 $243,363 $(4,457)$6,458,613 
_______________________________
(1)We earn fees for arranging financing for borrowers with third-party lender contacts. Such fees are in scope of Topic 606.
(2)Loan servicing fees earned from servicing contracts for which we do not hold mortgage servicing rights are in scope of Topic 606.
(3)Out of scope revenue for development services represents selling profit from transfers of sales-type leases in the scope of Topic 842.
Six Months Ended June 30, 2022
Advisory
Services
Global
Workplace
Solutions
Real Estate
Investments
Corporate, other and eliminationsConsolidated
Topic 606 Revenue:
Facilities management$— $7,620,808 $— $— $7,620,808 
Advisory leasing1,742,430 — — — 1,742,430 
Advisory sales1,335,546 — — — 1,335,546 
Property management916,864 — — (7,019)909,845 
Project management— 2,092,953 — — 2,092,953 
Valuation377,681 — — — 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 Revenue4,555,545 9,713,761 510,615 (7,019)14,772,902 
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination150,070 — — — 150,070 
Loan servicing130,816 — — — 130,816 
Development services (3)
— — 50,423 — 50,423 
Total Out of Scope of Topic 606 Revenue280,886 — 50,423 — 331,309 
Total Revenue$4,836,431 $9,713,761 $561,038 $(7,019)$15,104,211 
Six Months Ended June 30, 2021
Advisory
Services
Global
Workplace
Solutions
Real Estate
Investments
Corporate, other and eliminationsConsolidated
Topic 606 Revenue:
Facilities management$— $6,915,255 $— $— $6,915,255 
Advisory leasing1,213,124 — — — 1,213,124 
Advisory sales1,004,146 — — — 1,004,146 
Property management850,432 — — (10,602)839,830 
Project management— 1,193,350 — — 1,193,350 
Valuation340,816 — — — 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 Revenue3,534,985 8,108,605 442,034 (10,602)12,075,022 
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination195,782 — — — 195,782 
Loan servicing114,230 — — — 114,230 
Development services (3)
— — 12,458 — 12,458 
Total Out of Scope of Topic 606 Revenue310,012 — 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.