Global real estate consultancy Cushman & Wakefield recorded growth in its leasing and capital markets divisions in the third quarter of 2026. As the group announced during its latest earnings presentation, quarterly revenue rose to 2.8 billion dollars, compared with 2.6 billion dollars in the prior-year period. At the same time, net profit increased slightly from 51.4 million dollars in the third quarter of the previous year to 52.1 million dollars. According to management, the company succeeded in keeping earnings high whilst simultaneously implementing far-reaching operational reforms.
A significant contribution came from business across the Americas. In the Americas region alone, revenue from leasing services climbed by 19 per cent, whilst transaction volumes in capital markets increased by 24 per cent year on year. Total profit amounted to 5.2 million dollars.
Focus on debt reduction and rating upgrades
Michelle MacKay, Global Chief Executive Officer of Cushman & Wakefield, stated that the company had overcome demanding tasks, reduced interest expenses and noticeably lowered debt. These measures resulted in recent credit rating upgrades by Moody’s as well as S&P Global and bolstered free cash flow. The balance sheet had been fundamentally transformed. The group is now entering the next market phase from a position of increasing stability and flexibility and intends to pursue a more balanced capital allocation once debt reduction is completed.
Since 2024, Cushman & Wakefield has paid down 800 million dollars in liabilities. This measure provides the agency with a more agile position for forthcoming market demands.
Challenging interest rate environment and new service structures
At the same time, MacKay highlighted macroeconomic headwinds shaping the market environment. These include rising interest rates, which necessitate a reassessment of transactions, alongside delays in the completion of new construction projects. The company is striving to make the best possible use of opportunities emerging within these conditions.
A key priority is assisting clients in unlocking savings potential. To address this need, Cushman & Wakefield is expanding its in-house specialist teams. Services are increasingly being delivered internally rather than being commissioned from external providers.
