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Compensation (Tables)
 6 Months Ended
Jun. 30, 2023
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):
Three Months Ended June 30,Six Months Ended June 30,
 2023202220232022
Issuance of common stock and exchangeability expenses$9,897 $26,875 $34,480 $35,858 
Allocations of net income to limited partnership units and FPUs (1)
122 7,787 364 7,933 
Limited partnership units amortization3,369 1,760 8,230 5,034 
RSU amortization6,221 5,566 12,184 10,061 
Equity-based compensation and allocations of net income to limited partnership units and FPUs$19,609 $41,988 $55,258 $58,886 
(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):
Three Months Ended June 30,Six Months Ended June 30,
 2023202220232022
Issuance of common stock and exchangeability expenses$9,897 $28,898 $34,480 $37,881 
Newmark recognized compensation expense related to these limited partnership units that were not redeemed as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
 2023202220232022
Limited partnership units amortization$3,369 $1,760 $8,230 $5,034 
Compensation expense related to Newmark and BGC RSUs are as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
 2023202220232022
RSU amortization$6,221 $5,566 $12,184 $10,061 
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, 202218,419,613 8,663,930 
Issued15,402,041 25,032 
Redeemed/exchanged units(2,934,984)(3,169,063)
Forfeited units/other(198,716)(60,511)
Balance, December 31, 2022(1)
30,687,954 5,459,388 
Issued9,697,379 1,506 
Redeemed/exchanged units(1,730,819)(5,082,356)
Forfeited units/other(217,246)(999)
June 30, 2023 (2) (3)
38,437,268 377,539 
Total exchangeable units outstanding(1):
December 31, 20227,861,359 2,654,749 
June 30, 2023 (2) (3)
9,082,995 68,139 
(1)The Limited Partnership Units table above also includes partnership units issued as consideration for acquisitions. As of June 30, 2023, there were 3,459,228 partnership units in Newmark Holdings outstanding, of which 1,690,266 units were exchangeable, and 73,245 partnership units in BGC Holdings outstanding, of which 14,386 were exchangeable. 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 a result of the Corporate Conversion, there are no longer any BGC Holdings partnership units outstanding held by Newmark employees.
(2)As of June 30, 2023, the total Limited Partnership Units included 1,853,111 Newmark Preferred Units and 31,945 BGC Preferred Units held by Newmark employees. As a result of the Corporate Conversion, there are no longer any BGC Preferred Units outstanding held by Newmark employees.
(3)The BGC units remaining as of June 30, 2023 are limited partnership units previously issued to now terminated partners.
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:
Three Months Ended June 30,Six Months Ended June 30,
 2023202220232022
BGC Units100,280 56,562 116,556 91,119 
Newmark Units972,339 2,336,261 3,700,617 2,868,859 
Total1,072,619 2,392,823 3,817,173 2,959,978 
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):
June 30, 2023December 31, 2022
Notional Value$157,222 $144,045 
Estimated fair value of the post-termination payout(1)
$49,771 $42,706 
Outstanding limited partnership units in Newmark Holdings15,944,838 14,277,213 
Outstanding limited partnership units in Newmark Holdings - unvested1,536,784 2,155,668 
Outstanding limited partnership units in BGC Holdings— 44,928 
(1)Included in “Other long-term liabilities” on the accompanying unaudited condensed consolidated balance sheets.
Schedule of Grant of Conversion Rights
The grant of exchange rights of HDUs to Newmark employees are as follows (in thousands):
June 30, 2023December 31, 2022
Notional Value$1,258 $8,189 
Estimated fair value of limited partnership units (1)
$1,132 $8,065 
(1)Included in “Other long-term liabilities” on the accompanying unaudited condensed 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, 202210,721,457 $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
Granted2,773,257 6.87 19,049 — — — 
Settled units (delivered shares)(1,672,331)9.26 (15,494)(2,045)4.05 (8)
Forfeited units(228,012)10.10 (2,302)— — — 
Balance, June 30, 202312,136,776 $8.82 $106,988 4.324,883 $4.22 $21 1.12
(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.