Cushman & Wakefield review
Cushman & Wakefield leans on leasing more than the other two giants. Leasing is 30% of its service-line fee revenue and 21% of total revenue, against about 11% at CBRE and JLL. On a fee basis, it is the most leasing-led of the three.
Last verified: 2026-10-20
Chicago, Illinois · Public (NYSE: CWK). Scored on 65 of 100 points.
Key facts
| Item | Detail |
|---|---|
| Headquarters | Chicago, Illinois. Corporate headquarters: 225 West Wacker Drive, Chicago. Since the November 27, 2025 redomiciliation, the parent company is Bermuda-incorporated, and its principal executive offices are in Hamilton, Bermuda (10-K). |
| Ownership | Public (NYSE: CWK) |
| FY2025 revenue | $10.29 billion |
| People | About 53,000 (Dec 31, 2025) |
| Coverage | Over 350 offices in nearly 60 countries |
| Services | Services, leasing, capital markets, valuation; manages about 6.5 billion sq ft |
| Leadership | Michelle MacKay, CEO; Neil Johnston, CFO (10-K signatures) |
| Fees | Cushman & Wakefield publishes no fee schedule. |
| Website | www.cushmanwakefield.com |
Source for all rows: Cushman & Wakefield Ltd. 10-K for FY2025 (SEC), accessed 2026-10-20.
What the filings reveal
Revenue mix, FY2025
| Line | Revenue | Share |
|---|---|---|
| Services (property, facilities, project management) | $3.62 billion | 35.2% |
| Leasing | $2.10 billion | 20.4% |
| Capital markets | $857.6 million | 8.3% |
| Valuation and other | $480.7 million | 4.7% |
| Gross contract reimbursables | $3.23 billion | 31.4% |
Per the 10-K, the service lines made up 66%, 21%, 8% and 5% of 2025 revenue, and 51%, 30%, 12% and 7% of service-line fee revenue. The United States was 69% of revenue.
- Offices: 205 in the Americas, 103 in EMEA and 64 in APAC. The Charlotte office page cites “400 global offices in 60 countries,” which differs from the 10-K's “over 350”. We use the filing.
- About 67% of employees are in the Americas, 10% in EMEA and 23% in APAC.
- Capital markets revenue rose 19% in USD in 2025, from $721.8 million to $857.6 million.
Score breakdown
| Criterion | Weight | Score /10 | Points |
|---|---|---|---|
| Scope of services | 25 | 8 | 20.0 |
| Fee transparency | 20 | 3 | 6.0 |
| Client experience | 15 | pending | |
| Market coverage | 15 | 8 | 12.0 |
| Responsiveness | 10 | pending | |
| Verified reviews | 10 | pending | |
| Scale | 5 | 8 | 4.0 |
Math: 42.0 points earned of 65 available. 42.0 / 65 × 10 = 6.5 / 10. Client experience, responsiveness and verified reviews are pending. See how we score.
Where it ranks
- Main ranking: #4 of 6
- National firms hub: listed by operating model
- City hubs with a verified local office: Charlotte, New York City, Los Angeles, Chicago, Dallas-Fort Worth, Houston, Miami, Washington, D.C., Atlanta, Phoenix, Boston, Philadelphia, Riverside-San Bernardino, San Francisco, Detroit, Seattle, Minneapolis-St. Paul, Tampa, San Diego, Denver, Orlando, Baltimore, St. Louis, San Antonio, Austin, Portland, Sacramento, Pittsburgh, Las Vegas, Cincinnati
In Charlotte
300 South Tryon Street, Suite 1110, Charlotte, NC 28202. The office page lists agency leasing, tenant representation, capital markets, property management, project and development services, global occupier services, and valuation and advisory. Source: Cushman & Wakefield Charlotte office page. See the Charlotte hub.
Cushman & Wakefield brokers we profile
Brian Monaghan (Atlanta, GA, industrial leasing and sales). Not a ranking. See the broker section.
Compare
Cushman & Wakefield vs Colliers
Evidence notes
- Figures come from the FY2025 annual filing or results release linked above. Shares of revenue are our arithmetic on the reported lines.
- Not verified: client satisfaction, response times, review averages and local team quality. These stay pending until we have data we have read ourselves.
- Firm claims such as “largest” or “leading” are quoted as the firm’s own words.
Last verified 2026-10-20. Figures were re-read from the linked sources that day.
View changelog
- Profile published. Score carried over unchanged from the main ranking.
- Added the Chicago corporate HQ and Hamilton, Bermuda principal executive office note.
Other profiles: CBRE JLL Colliers Newmark Marcus & Millichap
Sources
- Cushman & Wakefield Ltd. 10-K for FY2025 (SEC) · accessed 2026-10-20
- Cushman & Wakefield Charlotte office page · accessed 2026-10-20