CBRE Group is the largest commercial real estate services company in the world, providing property management, leasing, investment sales and advisory services to owners and occupiers of office buildings, retail space, industrial properties and other commercial real estate. Its business spans both transactional services, like brokering property sales and leases, which tend to be more cyclical and tied to real estate market activity, and recurring services like property management and facilities management, which provide steadier revenue. CBRE has grown through acquisitions over the years, expanding into adjacent services like project management and real estate investment management to broaden its revenue beyond pure brokerage transactions. The company's transactional business is closely tied to broader commercial real estate market conditions, including interest rates, since higher borrowing costs tend to reduce property sales and leasing activity across the industry.