Newmark Group vs Marcus & Millichap
Last verified: 2026-10-20
Both firms live on capital markets, but at very different deal sizes. Newmark’s capital markets business brought in $1.05 billion and it services a $211.2 billion portfolio. Marcus & Millichap earns most of its commissions from $1M to $10M properties sold by private clients. Neither firm wins outright. Each fits a different buyer, and the verdicts below say which.
Newmark Group
Wins when: you are an institutional owner or borrower with a larger asset, or you need debt placement and loan servicing, including GSE/FHA work, alongside leasing.
Marcus & Millichap
Wins when: you are a private owner selling a $1M to $10M investment property and want a firm built around that market, which brought in about 64% of its 2025 brokerage commissions.
Side by side
| Item | Newmark Group | Marcus & Millichap |
|---|---|---|
| FY2025 revenue | $3.29 billion | $755.2 million |
| Capital markets / deal revenue | Capital markets $1.05 billion (31.8%) | Brokerage commissions $632.5 million (83.8%) + financing $103.9 million |
| Leasing | $1.00 billion (30.4%) | Not a reported line |
| Other revenue lines | Management services, servicing fees and other: $1.24 billion (37.8%) | Other revenue: $18.7 million (2.4%) |
| Typical deal | Not disclosed | Average brokerage deal $5.77 million; 1.82% average commission rate |
| People | Over 8,800 employees | 854 employees + 1,808 mostly independent-contractor agents |
| Score | 5.8 Not recommended | 5.2 Not recommended |
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
- Newmark Group 10-K for FY2025 (SEC) · accessed 2026-10-20
- Marcus & Millichap 10-K for FY2025 (SEC) · accessed 2026-10-20