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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
2023 Pay Versus Performance Table
The table below shows the following information for the past four fiscal years: (i) “total” compensation for our NEOs for purposes of the “Summary Compensation Table” and shown on an average basis for the
non-CEO
NEOs; (ii) the “Compensation Actually Paid” (or CAP) to our NEOs (calculated using rules required by the SEC) and shown on an average basis for the
non-CEO
NEOs; (iii) our total shareholder return (TSR); (iv) the TSR of our peer group; (v) our GAAP Net Income; and (vi) our Core EPS. CAP does not represent the value of cash and shares of the company’s common stock received by the NEOs during the applicable year, but rather is an amount calculated under SEC rules and includes, among other things, year-over-year changes in the value of unvested equity-based awards. As a result of the calculation methodology required by the SEC, the CAP amounts in the table below differ from compensation actually received by the NEOs and the compensation decisions described in the
“
Compensation Discussion and Analysis
”
discussion in this Proxy Statement.
 
Year
   
“Summary
Compensation
Table” Total
for CEO
(1)
($)
     
Compensation
Actually Paid
to CEO
(2)
($)
    
Average
“Summary
Compensation
Table” Total for
Other NEOs
(1)
($)
     
Average
Compensation
Actually Paid to
Other NEOs
(2)
($)
    
Company
TSR
(3)
($)
     
Peer Group
TSR
(3)

($)
     
GAAP Net Income
($ in thousands)
     
Core EPS
($)
  
2023
   
 
18,358,834
 
   
 
16,844,606
 
  
 
5,448,974
 
   
 
5,440,481
 
  
 
151.88
 
   
 
89.51
 
   
 
985,747
 
   
 
3.84
 
2022
   
 
25,912,100
 
   
 
1,749,522
 
  
 
5,259,697
 
   
 
(1,880,786
) 
  
 
125.57
 
   
 
78.83
 
   
 
1,407,370
 
   
 
5.69
 
2021
   
 
13,908,085
 
   
 
67,396,503
 
  
 
6,090,375
 
   
 
17,034,237
 
  
 
177.04
 
   
 
121.21
 
   
 
1,836,574
 
   
 
5.33
 
2020
   
 
11,993,465
 
   
 
(11,520,049
) 
  
 
3,675,860
 
   
 
753,759
 
  
 
102.33
 
   
 
82.24
 
   
 
751,989
 
   
 
3.27
 
 
(1)
The CEO for each year reported was Robert E. Sulentic. The other NEOs for each year reported are as follows:
 
 
•
  
2023: Emma E. Giamartino, Chandra Dhandapani, John E. Durburg and Daniel G. Queenan
 
 
•
  
2022: Emma E. Giamartino, Chandra Dhandapani, John E. Durburg, Michael J. Lafitte and Daniel G. Queenan
 
 
•
  
2021: Emma E. Giamartino, Leah C. Stearns, Chandra Dhandapani, Michael J. Lafitte and Daniel G. Queenan
 
 
•
  
2020: Leah C. Stearns, John E. Durburg, Michael J. Lafitte and Daniel G. Queenan
 
 
(2)
SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine CAP as reported in the Pay Versus Performance table above. The following table details the applicable adjustments that that were made to determine CAP (all amounts are averages for the
non-CEO
NEOs):
 
    
2023
     
2022
     
2021
     
2020
  
     
CEO
($)
     
Average
Other NEOs
($)
     
CEO
($)
     
Average
Other NEOs
($)
     
CEO
($)
     
Average
Other NEOs
($)
     
CEO
($)
     
Average
Other NEOs
($)
  
Summary Compensation Table Total
   
 
18,358,834
 
   
 
5,448,974
 
   
 
25,912,100
 
   
 
5,259,697
 
   
 
13,908,085
 
   
 
6,090,375
 
   
 
11,993,465
 
   
 
3,675,860
 
Minus
Summary Compensation Table Value of Equity Granted in the Fiscal Year
   
 
(14,749,941
) 
   
 
(3,744,965
) 
   
 
(22,261,250
) 
   
 
(3,426,214
) 
   
 
(9,789,859
) 
   
 
(2,943,778
) 
   
 
(10,649,973
) 
   
 
(2,389,965
) 
Plus
Year-end
Fair Value of Unvested Equity Awards Granted in Fiscal Year
   
 
11,459,425
 
   
 
3,335,426
 
   
 
14,806,976
 
   
 
2,342,343
 
   
 
22,555,323
 
   
 
5,238,907
 
   
 
3,712,961
 
   
 
1,298,273
 
Plus (Minus)
Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years that are Outstanding and Unvested at
Year-End
   
 
(1,102,283
) 
   
 
(42,271
) 
   
 
(15,163,719
) 
   
 
(5,773,076
) 
   
 
38,332,435
 
   
 
8,276,968
 
   
 
(15,906,439
) 
   
 
(1,517,878
) 
Plus
Fair Value at Vesting Date of Awards Granted and Vested in Fiscal Year
   
 
214,063
 
   
 
—
 
   
 
142,290
 
   
 
11,766
 
   
 
162,693
 
   
 
104,495
 
   
 
149,408
 
   
 
—
 
Plus (Minus)
Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Years that Vested During the Fiscal Year
   
 
2,664,508
 
   
 
443,317
 
   
 
(1,686,875
) 
   
 
(295,302
) 
   
 
2,227,827
 
   
 
725,253
 
   
 
(819,471
) 
   
 
(312,530
) 
Minus
Fair Value at Prior
Year-End
of Awards Granted in Prior Years that are Forfeited During the Fiscal Year
   
 
—
 
   
 
—
 
   
 
—
 
   
 
—
 
   
 
—
 
   
 
(457,983
) 
   
 
—
 
   
 
—
 
Compensation Actually Paid
   
 
16,844,606
 
   
 
5,440,481
 
   
 
1,749,522
 
   
 
(1,880,786
) 
   
 
67,396,503
 
   
 
17,034,237
 
   
 
(11,520,049
) 
   
 
753,759
 
 
(3)
TSR is determined based on the value of an initial fixed investment of $100 on December 31, 2019. The Peer Group includes the following eight companies: JLL, a global commercial real estate services company publicly traded in the U.S., as well as the following companies that have significant commercial real estate or real estate capital markets businesses within the U.S. or globally, that in each case are publicly traded in the U.S. or abroad: Colliers International Group Inc. (CIGI), Cushman & Wakefield plc (CWK), ISS A/S (ISS), Marcus & Millichap, Inc. (MMI), Newmark Group Inc. (NMRK), Savills plc (SVS.L), and Walker & Dunlop, Inc. (WD).
     
Company Selected Measure Name Core EPS      
Named Executive Officers, Footnote
(1)
The CEO for each year reported was Robert E. Sulentic. The other NEOs for each year reported are as follows:
 
 
•
  
2023: Emma E. Giamartino, Chandra Dhandapani, John E. Durburg and Daniel G. Queenan
 
 
•
  
2022: Emma E. Giamartino, Chandra Dhandapani, John E. Durburg, Michael J. Lafitte and Daniel G. Queenan
 
 
•
  
2021: Emma E. Giamartino, Leah C. Stearns, Chandra Dhandapani, Michael J. Lafitte and Daniel G. Queenan
 
 
•
  
2020: Leah C. Stearns, John E. Durburg, Michael J. Lafitte and Daniel G. Queenan
     
Peer Group Issuers, Footnote TSR is determined based on the value of an initial fixed investment of $100 on December 31, 2019. The Peer Group includes the following eight companies: JLL, a global commercial real estate services company publicly traded in the U.S., as well as the following companies that have significant commercial real estate or real estate capital markets businesses within the U.S. or globally, that in each case are publicly traded in the U.S. or abroad: Colliers International Group Inc. (CIGI), Cushman & Wakefield plc (CWK), ISS A/S (ISS), Marcus & Millichap, Inc. (MMI), Newmark Group Inc. (NMRK), Savills plc (SVS.L), and Walker & Dunlop, Inc. (WD).      
PEO Total Compensation Amount $ 18,358,834 $ 25,912,100 $ 13,908,085 $ 11,993,465
PEO Actually Paid Compensation Amount $ 16,844,606 1,749,522 67,396,503 (11,520,049)
Adjustment To PEO Compensation, Footnote
 
    
2023
     
2022
     
2021
     
2020
  
     
CEO
($)
     
Average
Other NEOs
($)
     
CEO
($)
     
Average
Other NEOs
($)
     
CEO
($)
     
Average
Other NEOs
($)
     
CEO
($)
     
Average
Other NEOs
($)
  
Summary Compensation Table Total
   
 
18,358,834
 
   
 
5,448,974
 
   
 
25,912,100
 
   
 
5,259,697
 
   
 
13,908,085
 
   
 
6,090,375
 
   
 
11,993,465
 
   
 
3,675,860
 
Minus
Summary Compensation Table Value of Equity Granted in the Fiscal Year
   
 
(14,749,941
) 
   
 
(3,744,965
) 
   
 
(22,261,250
) 
   
 
(3,426,214
) 
   
 
(9,789,859
) 
   
 
(2,943,778
) 
   
 
(10,649,973
) 
   
 
(2,389,965
) 
Plus
Year-end
Fair Value of Unvested Equity Awards Granted in Fiscal Year
   
 
11,459,425
 
   
 
3,335,426
 
   
 
14,806,976
 
   
 
2,342,343
 
   
 
22,555,323
 
   
 
5,238,907
 
   
 
3,712,961
 
   
 
1,298,273
 
Plus (Minus)
Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years that are Outstanding and Unvested at
Year-End
   
 
(1,102,283
) 
   
 
(42,271
) 
   
 
(15,163,719
) 
   
 
(5,773,076
) 
   
 
38,332,435
 
   
 
8,276,968
 
   
 
(15,906,439
) 
   
 
(1,517,878
) 
Plus
Fair Value at Vesting Date of Awards Granted and Vested in Fiscal Year
   
 
214,063
 
   
 
—
 
   
 
142,290
 
   
 
11,766
 
   
 
162,693
 
   
 
104,495
 
   
 
149,408
 
   
 
—
 
Plus (Minus)
Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Years that Vested During the Fiscal Year
   
 
2,664,508
 
   
 
443,317
 
   
 
(1,686,875
) 
   
 
(295,302
) 
   
 
2,227,827
 
   
 
725,253
 
   
 
(819,471
) 
   
 
(312,530
) 
Minus
Fair Value at Prior
Year-End
of Awards Granted in Prior Years that are Forfeited During the Fiscal Year
   
 
—
 
   
 
—
 
   
 
—
 
   
 
—
 
   
 
—
 
   
 
(457,983
) 
   
 
—
 
   
 
—
 
Compensation Actually Paid
   
 
16,844,606
 
   
 
5,440,481
 
   
 
1,749,522
 
   
 
(1,880,786
) 
   
 
67,396,503
 
   
 
17,034,237
 
   
 
(11,520,049
) 
   
 
753,759
 
      
Non-PEO NEO Average Total Compensation Amount $ 5,448,974 5,259,697 6,090,375 3,675,860
Non-PEO NEO Average Compensation Actually Paid Amount $ 5,440,481 (1,880,786) 17,034,237 753,759
Adjustment to Non-PEO NEO Compensation Footnote
 
    
2023
     
2022
     
2021
     
2020
  
     
CEO
($)
     
Average
Other NEOs
($)
     
CEO
($)
     
Average
Other NEOs
($)
     
CEO
($)
     
Average
Other NEOs
($)
     
CEO
($)
     
Average
Other NEOs
($)
  
Summary Compensation Table Total
   
 
18,358,834
 
   
 
5,448,974
 
   
 
25,912,100
 
   
 
5,259,697
 
   
 
13,908,085
 
   
 
6,090,375
 
   
 
11,993,465
 
   
 
3,675,860
 
Minus
Summary Compensation Table Value of Equity Granted in the Fiscal Year
   
 
(14,749,941
) 
   
 
(3,744,965
) 
   
 
(22,261,250
) 
   
 
(3,426,214
) 
   
 
(9,789,859
) 
   
 
(2,943,778
) 
   
 
(10,649,973
) 
   
 
(2,389,965
) 
Plus
Year-end
Fair Value of Unvested Equity Awards Granted in Fiscal Year
   
 
11,459,425
 
   
 
3,335,426
 
   
 
14,806,976
 
   
 
2,342,343
 
   
 
22,555,323
 
   
 
5,238,907
 
   
 
3,712,961
 
   
 
1,298,273
 
Plus (Minus)
Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years that are Outstanding and Unvested at
Year-End
   
 
(1,102,283
) 
   
 
(42,271
) 
   
 
(15,163,719
) 
   
 
(5,773,076
) 
   
 
38,332,435
 
   
 
8,276,968
 
   
 
(15,906,439
) 
   
 
(1,517,878
) 
Plus
Fair Value at Vesting Date of Awards Granted and Vested in Fiscal Year
   
 
214,063
 
   
 
—
 
   
 
142,290
 
   
 
11,766
 
   
 
162,693
 
   
 
104,495
 
   
 
149,408
 
   
 
—
 
Plus (Minus)
Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Years that Vested During the Fiscal Year
   
 
2,664,508
 
   
 
443,317
 
   
 
(1,686,875
) 
   
 
(295,302
) 
   
 
2,227,827
 
   
 
725,253
 
   
 
(819,471
) 
   
 
(312,530
) 
Minus
Fair Value at Prior
Year-End
of Awards Granted in Prior Years that are Forfeited During the Fiscal Year
   
 
—
 
   
 
—
 
   
 
—
 
   
 
—
 
   
 
—
 
   
 
(457,983
) 
   
 
—
 
   
 
—
 
Compensation Actually Paid
   
 
16,844,606
 
   
 
5,440,481
 
   
 
1,749,522
 
   
 
(1,880,786
) 
   
 
67,396,503
 
   
 
17,034,237
 
   
 
(11,520,049
) 
   
 
753,759
 
      
Compensation Actually Paid vs. Total Shareholder Return
CAP vs. CBRE’s TSR.
Over the 2020-2023 period, our CEO and other NEOs’ CAP amounts were generally aligned with our TSR. CAP amounts were lower than Summary Compensation Table total compensation amounts in 2020 and 2022 when our TSR was relatively flat and negative, respectively. In contrast, CAP amounts were significantly higher than Summary Compensation Table total compensation amounts in 2021 when our TSR was strongly positive. In 2023, our CEO and other NEOs’ CAP amounts were slightly lower than Summary Compensation Table total compensation amounts, despite our positive TSR, driven primarily by our Core EPS performance versus internal goals, which resulted in lower numbers of shares vesting in our performance-based RSU program. Nonetheless, CBRE’s TSR has a strong impact on CAP amounts because the majority of our NEOs’ executive compensation is in the form of equity (80% for our CEO and 72%, on average, for our other NEOs, excluding strategic equity awards).
     
Compensation Actually Paid vs. Net Income
CAP vs. CBRE’s GAAP Net Income.
Our GAAP Net Income is not correlated with CAP. The lack of correlation is primarily because CAP values for a given year are strongly influenced by year-over-year changes in our TSR, which do not always correlate to annual GAAP Net Income. In addition, GAAP Net Income is not a measure used in our incentive plans.
     
Compensation Actually Paid vs. Company Selected Measure
CAP vs. CBRE’s Core EPS.
Our Core EPS increased each year from 2020 to 2022, but was lower in 2023. CAP amounts fluctuated over the same time period, with lower CAP values in 2020 and 2022, and higher CAP values in 2021 and 2023. The lack of correlation is partly because CAP values for a given year are strongly influenced by year-over-year changes in our TSR, which do not always correlate to annual Core EPS. Also, in our annual performance-based RSU program, Core EPS has been measured cumulatively over a
two-year
period against internally-established goals. Because of the different measurement periods (
i.e.
, year-over-year change for CAP vs.
two-year
cumulative measurement for Core EPS in our annual performance-based RSU program), as well as the fact that the Core EPS goals are set versus internal budgets and not based on a fixed year-over-year growth rate, there is no correlation between Core EPS and CAP values for the four years shown in the table.
     
Total Shareholder Return Vs Peer Group
CBRE’s TSR vs. Peer Group TSR.
The company’s indexed TSR outperformed the Peer Group indexed TSR in each year of the four-year period measured.
     
Tabular List, Table
The most important financial performance measures that we use to link executive compensation actually paid to the NEOs for the most recently completed fiscal year to our performance are as follows:
 
•
  
Core Earnings per share, or Core EPS
 
•
  
Core EBITDA
 
•
  
Segment Operating Profit
 
•
  
Relative TSR
 
•
  
Relative Adjusted EPS Growth
Core EPS was selected as the company-selected measure for the Pay versus Performance table below because it has the strongest alignment with long-term shareholder value. Core EPS is used to determine the number of shares earned in our performance-based RSU program, which comprises a significant portion of our NEOs’ target pay opportunities.
     
Total Shareholder Return Amount $ 151.88 125.57 177.04 102.33
Peer Group Total Shareholder Return Amount 89.51 78.83 121.21 82.24
Net Income (Loss) $ 985,747,000 $ 1,407,370,000 $ 1,836,574,000 $ 751,989,000
Company Selected Measure Amount 3.84 5.69 5.33 3.27
PEO Name Robert E. Sulentic      
Measure:: 1        
Pay vs Performance Disclosure        
Name Core Earnings per share, or Core EPS      
Measure:: 2        
Pay vs Performance Disclosure        
Name Core EBITDA      
Measure:: 3        
Pay vs Performance Disclosure        
Name Segment Operating Profit      
Measure:: 4        
Pay vs Performance Disclosure        
Name Relative TSR      
Measure:: 5        
Pay vs Performance Disclosure        
Name Relative Adjusted EPS Growth      
PEO | Summary Compensation Table Value of Equity Granted in the Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (14,749,941) $ (22,261,250) $ (9,789,859) $ (10,649,973)
PEO | Year end Fair Value of Unvested Equity Awards Granted in Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 11,459,425 14,806,976 22,555,323 3,712,961
PEO | Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years that are Outstanding and Unvested at Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (1,102,283) (15,163,719) 38,332,435 (15,906,439)
PEO | Fair Value at Vesting Date of Awards Granted and Vested in Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 214,063 142,290 162,693 149,408
PEO | Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Years that Vested During the Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,664,508 (1,686,875) 2,227,827 (819,471)
PEO | Fair Value at Prior Year End of Awards Granted in Prior Years that are Forfeited During the Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Summary Compensation Table Value of Equity Granted in the Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (3,744,965) (3,426,214) (2,943,778) (2,389,965)
Non-PEO NEO | Year end Fair Value of Unvested Equity Awards Granted in Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 3,335,426 2,342,343 5,238,907 1,298,273
Non-PEO NEO | Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years that are Outstanding and Unvested at Year End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (42,271) (5,773,076) 8,276,968 (1,517,878)
Non-PEO NEO | Fair Value at Vesting Date of Awards Granted and Vested in Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 11,766 104,495 0
Non-PEO NEO | Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Years that Vested During the Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 443,317 (295,302) 725,253 (312,530)
Non-PEO NEO | Fair Value at Prior Year End of Awards Granted in Prior Years that are Forfeited During the Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0 $ 0 $ (457,983) $ 0