CBRE Group

Pricing power varies by line. Transaction advisory fees remain competitive, while outsourcing (BOE) and project management are often bid with thin structural margins and significant pass‑through costs, which limits headline pricing but yields durable, recurring revenue and upsell opportunities.

In Q3 2025, BOE revenue was 5.8 billion dollars with 3.1 billion dollars of pass‑through costs and healthy mid‑teens profit growth, showing operating leverage despite limited list‑price flexibility. Loan servicing and investment management fees have steadier pricing, but are sensitive to rates and asset values.

Overall, CBRE’s latent pricing lever is mix shift toward higher‑value solutions (digital/power infrastructure services, data center ecosystems, higher value project/program management) rather than pure rate hikes.