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Compensation (Tables)
 12 Months Ended
Dec. 31, 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):
Year Ended December 31,
 202320222021
Issuance of common stock and exchangeability expenses85,918 92,308 312,718 
Limited partnership units amortization14,267 8,322 (28,351)
RSU amortization24,620 21,807 16,795 
Total compensation expense
124,805 122,437 301,162 
Allocations of net income to limited partnership units and FPUs (1)
14,942 15,875 55,183 
Equity-based compensation and allocations of net income to limited partnership units and FPUs$139,747 $138,312 $356,345 
(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 (prior to the Corporate Conversion) limited partnership units to Newmark employees is as follows (in thousands):
Year Ended December 31,
 202320222021
Issuance of common stock and exchangeability expenses$85,918 $97,031 $317,281 
Newmark recognized compensation expense related to these limited partnership units that were not redeemed as follows (in thousands):
Year Ended December 31,
 202320222021
Limited partnership units amortization$14,267 $8,322 $(28,351)
Compensation expense related to Newmark and BGC RSUs are as follows (in thousands):
Year Ended December 31,
 202320222021
RSU amortization$24,620 $21,807 $16,795 
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 Holdings Units
BGC Holdings 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 
Issued16,092,841 1,506 
Redeemed/exchanged units(3,676,057)(5,459,895)
Forfeited units/other(727,772)(999)
December 31, 2023 (2)
42,376,966 — 
Total exchangeable units outstanding(1):
December 31, 20227,861,359 2,654,749 
December 31, 2023 (2)
12,189,148 — 
(1)The Limited Partnership Units table above also includes partnership units issued as consideration for acquisitions. As of December 31, 2023, there were 3.1 million such partnership units in Newmark Holdings outstanding, of which 1.5 million units were exchangeable. As of December 31, 2022, there were 3.9 million such partnership units in Newmark Holdings outstanding, of which 1.5 million units were exchangeable, and 4.8 million such partnership units in BGC Holdings outstanding, of which 2.5 million were exchangeable.
(2)As of December 31, 2023, the total Limited Partnership Units included 2.0 million Newmark Preferred Units.
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,
 202320222021
BGC Holdings Units
127,960 142,194 13,803,080 
Newmark Holdings Units
11,232,651 9,234,602 36,378,049 
Total11,360,611 9,376,796 50,181,129 
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, 2023December 31, 2022
Notional Value$158,594 $144,045 
Estimated fair value of the post-termination payout(1)
$54,950 $42,706 
Outstanding limited partnership units in Newmark Holdings16,704,405 14,277,213 
Outstanding limited partnership units in Newmark Holdings - unvested4,856,908 2,155,668 
Outstanding limited partnership units in BGC Holdings— 44,928 
(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 HDUs to Newmark employees are as follows (in thousands):
December 31, 2023December 31, 2022
Notional Value$1,254 $8,189 
Estimated fair value of limited partnership units (1)
$1,135 $8,065 
(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, 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
Granted4,192,685 6.82 28,594 — — — 
Settled units (delivered shares)(2,708,902)9.03 (24,461)(2,045)4.05 (8)
Forfeited units(614,540)9.14 (5,617)— — — 
Balance, December 31, 202312,133,105 $8.59 $104,251 4.014,883 $4.22 $21 0.87
(1)Beginning January 1, 2018, Newmark began granting 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)    BGC RSUs generally vest over a two to three year period.