CBRE Group vs JLL
Last verified: 2026-10-20
The two largest firms in our ranking have nearly the same business mix. About three-quarters of each firm’s revenue comes from management services, and about 11% from leasing. The differences are scale and a few structural choices. Neither firm wins outright. Each fits a different buyer, and the verdicts below say which.
CBRE Group
Wins when: you need the widest footprint (100+ countries), heavy project management capacity (project management revenue was $7.66 billion), or one firm that can also develop through Trammell Crow Company.
JLL
Wins when: you want a nearly identical service mix from a smaller organization, a separately reported technology business, and an affiliated investment manager (LaSalle) on the same platform.
Side by side
| Item | CBRE Group | JLL |
|---|---|---|
| FY2025 revenue | $40.55 billion | $26.12 billion |
| People | More than 155,000 incl. Turner & Townsend | More than 113,000 |
| Countries | More than 100 | Over 80 |
| Leasing share of revenue | 11.1% | 11.5% |
| Management / services share | 76.2% (facilities, project, property mgmt) | 76.6% (Real Estate Management Services) |
| Investment management revenue | $602 million | $450.1 million (LaSalle; AUM $86.4 billion) |
| Separately reported technology segment | No | Yes: $232.3 million |
| In-house development brand | Trammell Crow Company (primarily U.S.) | Not stated in the release we read |
| Score | 7.8 Recommend | 7.5 Recommend |
Built only from the filings and releases already cited on each firm’s profile. Shares are our arithmetic on reported revenue lines, and firms define their lines differently.
Last verified 2026-10-20. Figures were re-read from the linked sources that day.
View changelog
- Comparison published.
Sources
- CBRE Group 10-K for FY2025 (SEC) · accessed 2026-10-20
- JLL FY2025 results release (Feb 18, 2026) · accessed 2026-10-20