Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Revenue by Segment

Newmark recognized revenues as follows (in thousands): 

	Year Ended December 31,
	2023		2022		2021
Management services, servicing fees and other	$	970,877	$	909,485	$	915,715
Leasing and other commissions	839,595		831,874		826,942
Investment sales	381,276		606,416		757,744
Commercial mortgage origination, net	278,620		357,752		406,042
Revenues	$	2,470,368	$	2,705,527	$	2,906,443

Geographic Information

The Company offers products and services in the U.S., U.K., Asia, Other Europe, and Other Americas. Information regarding revenues is as follows (in thousands):

	Year Ended December 31,
	2023		2022		2021
U.S.	$	2,161,090	$	2,514,477	$	2,775,556
U.K.	154,380		57,552		48,061
Other (1)	154,898		133,498		82,826
Revenues	$	2,470,368	$	2,705,527	$	2,906,443

(1) Other includes Asia, Other Europe and Other Americas.

Summary of Components of Fixed Assets, Net

Fixed assets are depreciated over their estimated useful lives as follows:

Leasehold improvements and other fixed assets	shorter of the remaining term of lease or useful life
Software, including software development costs	3-5 years straight-line
Computer and communications equipment	3-5 years straight-line

Fixed assets, net consisted of the following (in thousands):

	December 31, 2023		December 31, 2022
Leasehold improvements, furniture and fixtures, and other fixed assets	$	245,262	$	207,020
Software, including software development costs	56,883		48,112
Computer and communications equipment	37,693		31,586
Total, cost	339,838		286,718
Accumulated depreciation and amortization	(161,803)		(131,079)
Total, net	$	178,035	$	155,639