CBRE sees strong growth led by record Q3 leasing and data center expansion

Core Insights - The company is well positioned to meet a wide range of client needs through project management, acquisition, leasing, and building operations [1] Leasing Market Performance - Office leasing in the U.S. saw a year-over-year increase of 18%, marking the highest level for any third quarter, with a notable 27% growth in the industrial sector [2][4] - Secondary and tertiary markets are performing strongly as clients seek opportunities in lower-tier markets, with a shift in demand towards these areas [2] Building Operations and Experience (BOE) - Revenue from BOE grew by 11% year over year, despite an 8% increase in pass-through costs [3] - The local facilities management business experienced double-digit revenue growth globally, particularly a 30% increase in the Americas [3] Overall Financial Performance - The company reported a 14% year-over-year revenue growth to $10.3 billion in Q3 2025, with double-digit growth across all business segments [4] Evolving Client Relationships - The company is adapting its services to better serve large occupiers, driven by acquisitions of project management and coworking firms [5] - The integration of facilities management and project management capabilities is enhancing the company's market offerings [6] Data Center Business - Data centers are expected to contribute around 10% of the company's earnings this year, with expectations for further growth next year [10] - The company manages approximately 800 data centers and plans to merge its data center management and small project improvement services into a single digital infrastructure services business [12][13]