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Revenue from Contracts with Customers
 6 Months Ended
Jun. 30, 2023
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, 2023
Advisory
Services		Global
Workplace
Solutions		Real Estate
Investments		Corporate, other and eliminationsConsolidated
Topic 606 Revenue:
Facilities management$— $3,686,548 $— $— $3,686,548 
Project management— 1,739,514 — — 1,739,514 
Advisory leasing813,952 — — — 813,952 
Advisory sales397,748 — — — 397,748 
Property management480,623 — — (3,529)477,094 
Valuation179,720 — — — 179,720 
Commercial mortgage origination (1)
32,595 — — — 32,595 
Loan servicing (2)
18,136 — — — 18,136 
Investment management— — 151,327 — 151,327 
Development services— — 102,854 — 102,854 
Topic 606 Revenue1,922,774 5,426,062 254,181 (3,529)7,599,488 
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination57,691 — — — 57,691 
Loan servicing61,208 — — — 61,208 
Development services (3)
— — 1,476 — 1,476 
Total Out of Scope of Topic 606 Revenue118,899 — 1,476 — 120,375 
Total Revenue$2,041,673 $5,426,062 $255,657 $(3,529)$7,719,863 
Three Months Ended June 30, 2022
Advisory
Services		Global
Workplace
Solutions		Real Estate
Investments		Corporate, other and eliminationsConsolidated
Topic 606 Revenue:
Facilities management$— $3,820,120 $— $— $3,820,120 
Project management— 1,088,025 — — 1,088,025 
Advisory leasing969,708 — — — 969,708 
Advisory sales715,719 — — — 715,719 
Property management460,992 — — (2,131)458,861 
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)$7,771,278 
Six Months Ended June 30, 2023
Advisory
Services		Global
Workplace
Solutions		Real Estate
Investments		Corporate, other and eliminationsConsolidated
Topic 606 Revenue:
Facilities management$— $7,366,709 $— $— $7,366,709 
Project management— 3,397,075 — — 3,397,075 
Advisory leasing1,522,605 — — — 1,522,605 
Advisory sales765,152 — — — 765,152 
Property management944,398 — — (7,851)936,547 
Valuation345,332 — — — 345,332 
Commercial mortgage origination (1)
56,957 — — — 56,957 
Loan servicing (2)
35,661 — — — 35,661 
Investment management— — 298,817 — 298,817 
Development services— — 177,111 — 177,111 
Topic 606 Revenue3,670,105 10,763,784 475,928 (7,851)14,901,966 
Out of Scope of Topic 606 Revenue:
Commercial mortgage origination104,268 — — — 104,268 
Loan servicing121,168 — — — 121,168 
Development services (3)
— — 3,575 — 3,575 
Total Out of Scope of Topic 606 Revenue225,436 — 3,575 — 229,011 
Total Revenue$3,895,541 $10,763,784 $479,503 $(7,851)$15,130,977 
Six Months Ended June 30, 2022
Advisory
Services		Global
Workplace
Solutions		Real Estate
Investments		Corporate, other and eliminationsConsolidated
Topic 606 Revenue:
Facilities management$— $7,620,808 $— $— $7,620,808 
Project management— 2,092,953 — — 2,092,953 
Advisory leasing1,742,430 — — — 1,742,430 
Advisory sales1,335,546 — — — 1,335,546 
Property management916,864 — — (7,019)909,845 
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 
_______________________________
(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 $510.0 million ($369.7 million of which was current) and $529.1 million ($391.6 million of which was current) as of June 30, 2023 and December 31, 2022, respectively.
We had contract liabilities totaling $270.5 million ($263.7 million of which was current) and $284.3 million ($276.3 million of which was current) as of June 30, 2023 and December 31, 2022, respectively. During the three and six months ended June 30, 2023, we recognized revenue of $17.8 million and $201.0 million that was included in the contract liability balance at December 31, 2022. The majority of contract liabilities are recognized as revenue within 90 days.