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Compensation (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Compensation Cost for Share-Based Payment Arrangements
Newmark incurred compensation expense related to Class A common stock, limited partnership units and RSUs held by Newmark employees as follows (in thousands):
Year Ended December 31,
 202220212020
Issuance of common stock and exchangeability expenses$92,308 $312,718 $69,041 
Allocations of net income to limited partnership units and FPUs (1)
15,875 55,183 30,461 
Limited partnership units amortization8,322 (28,351)18,692 
RSU amortization21,807 16,795 12,565 
Equity-based compensation and allocations of net income to limited partnership units and FPUs$138,312 $356,345 $130,759 
(1)Certain limited partnership units receive quarterly allocations of net income and are generally contingent upon services being provided by the unit holders, including the Preferred Distribution.Compensation expense related to the issuance of Newmark or BGC Class A common stock and grants of exchangeability on Newmark Holdings and BGC Holdings limited partnership units to Newmark employees is as follows (in thousands):
Year Ended December 31,
 202220212020
Issuance of common stock and exchangeability expenses$97,031 $317,281 $36,458 
Newmark recognized compensation expense related to these limited partnership units that were not redeemed as follows (in thousands):
Year Ended December 31,
 202220212020
Limited partnership units amortization$8,322 $(28,351)$18,692 
Compensation expense related to these limited partnership units held by Newmark employees was as follows (in thousands):
Year Ended December 31,
 202220212020
Issuance of common stock and exchangeability expenses$(4,723)$(4,563)$32,583 
Compensation expense related to Newmark and BGC RSUs are as follows (in thousands):
Year Ended December 31,
 202220212020
RSU amortization$21,807 $16,795 $12,565 
Schedule of Activity Associated with Limited Partnership Units
A summary of the activity associated with limited partnership units held by Newmark employees is as follows:
 Newmark UnitsBGC Units
Balance, January 1, 202166,626,185 54,422,002 
Issued10,143,799 159,057 
Redeemed/exchanged units(58,099,726)(45,024,619)
Forfeited units/other(250,645)(892,510)
Balance, December 31, 202118,419,613 8,663,930 
Issued15,402,041 25,032 
Redeemed/exchanged units(2,934,984)(3,169,063)
Forfeited units/other(198,716)(60,511)
December 31, 2022 (2)
30,687,954 5,459,388 
Total exchangeable units outstanding(1):
December 31, 20212,468,443 3,456,479 
December 31, 20227,861,359 2,654,749 
(1)The Limited Partnership table above also includes partnership units issued for consideration for acquisitions. As of December 31, 2022, there were 3.9 million partnership units in Newmark Holdings outstanding, of which 1.5 million units were exchangeable, and 4.8 million partnership units in BGC Holdings outstanding, of which 2.5 million were exchangeable. As of December 31, 2021, there were 4.2 million partnership units in Newmark Holdings outstanding, of which 1.3 million units were exchangeable, and 6.8 million partnership units in BGC Holdings outstanding, of which 3.1 million were exchangeable.
(2)As of December 31, 2022, the total Limited Partnership Units included 1.6 million Newmark Preferred Units and 0.1 million BGC Preferred Units held by Newmark employees.
Schedule of Units Redeemed
A summary of units held by Newmark employees redeemed in connection with the issuance of Newmark or BGC Class A common stock (at the current exchange ratio) or granted exchangeability for Newmark or BGC Class A common stock is as follows:
Year Ended December 31,
 202220212020
BGC Units142,194 13,803,080 315,685
Newmark Units9,234,602 36,378,049 4,661,669 
Total9,376,796 50,181,129 4,977,354 
Schedule of Limited Partnership Units with a Post-Termination Payout Limited partnership units with a post-termination payout held by Newmark employees are as follows (dollars in thousands):
December 31, 2022December 31, 2021
 20222021
Notional Value$144,045 $116,717 
Estimated fair value of the post-termination payout(1)
$42,706 $38,516 
Outstanding limited partnership units in BGC Holdings44,928 105,302 
Outstanding limited partnership units in Newmark Holdings14,277,213 11,691,406 
Outstanding limited partnership units in Newmark Holdings - unvested2,155,668 5,980,996 
(1)Included in “Other long-term liabilities” on the accompanying consolidated balance sheets.
Schedule of Grant of Conversion Rights
The grant of exchange rights of HDU's to Newmark employees are as follows (in thousands):
December 31, 2022December 31, 2021
Notional Value$8,189 $12,836 
Estimated fair value of limited partnership units (1)
$8,065 $12,558 
(1)Included in “Other long-term liabilities” on the accompanying consolidated balance sheets.
Schedule of Activity Associated with Restricted Stock Units A summary of the activity associated with Newmark and BGC RSUs held by Newmark employees is as follows (fair value amount in thousands):
Newmark RSUs(1)
BGC RSUs(2)
 Restricted
Stock
Units		Weighted-
Average
Grant Date
Fair Value
Per Share		Fair
Value
Amount		Weighted-
Average
Remaining
Contractual
Term (Years)		Restricted
Stock
Units		Weighted-
Average
Grant Date
Fair Value
Per Share		Fair
Value
Amount		Weighted-
Average
Remaining
Contractual
Term (Years)
Balance, January 1, 202110,646,797 $7.75 $82,494 5.698,013 $3.80 $31 2.17
Granted2,913,572 9.71 28,290 — — — 
Settled units (delivered shares)(2,196,903)7.64 (16,792)(2,638)3.69 (10)
Forfeited units(642,009)7.74 (4,967)— — — 
Balance, December 31, 202110,721,457 $8.30 $89,025 4.965,375 $3.85 $21 1.16
Granted3,350,516 12.15 40,710 4,191 4.28 18 
Settled units (delivered shares)(2,464,570)8.33 (20,526)(2,638)3.69 (10)
Forfeited units(343,541)10.11 (3,474)— — — 
Balance, December 31, 202211,263,862 $9.39 $105,735 4.756,928 $4.17 $29 1.62
(1)Beginning January 1, 2018, Newmark began granting stand-alone Newmark RSUs to Newmark employees with the awards vesting ratably over the two- to nine-year vesting period into shares of Newmark Class A common stock.
(2)    RSUs granted to these individuals generally vest over a two to four year period.