Revenues from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Revenues from Contracts with Customers and Our Other Sources of Revenues

The following table presents Newmark’s total revenues separately for its revenues from contracts with customers and other sources of revenues (in thousands):

	Year Ended December 31,
	2023		2022		2021
Revenues from contracts with customers:
Leasing and other commissions	$	839,595	$	831,874	$	826,942
Investment sales	381,276		606,416		757,744
Mortgage brokerage and debt placement	126,934		173,253		180,561
Management services	733,585		692,957		733,761
Total	$	2,081,390	$	2,304,500	$	2,499,008
Other sources of revenue(1):
Fair value of expected net future cash flows from servicing recognized at commitment, net	$	82,082	$	109,926	$	136,406
Loan originations related fees and sales premiums, net	69,604		74,573		89,075
Servicing fees and other	237,292		216,528		181,954
Total	$	2,470,368	$	2,705,527	$	2,906,443

(1)Although these items have customers under contract, they were recorded as other sources of revenue as they were excluded from the scope of ASU No. 2014-9.

Schedule of Revenue Remaining Performance Obligation

Approximate future cash flows to be received over the next five years as of December 31, 2023 are as follows (in thousands):

2024	$	97,858
2025	48,008
2026	18,042
2027	3,613
2028	1,586
Thereafter	15
Total	$	169,122