LightBox's CRE Activity Index Reaches Highest Levels Since May 2022

LightBox's CRE Activity Index Reaches New Heights



In a significant development for the commercial real estate (CRE) sector, the LightBox CRE Activity Index has reported its highest level since May 2022, with a reading of 113.9 in June 2025. This marks a remarkable 21% increase compared to the same time last year, reflecting a robust mid-year recovery in the market despite various economic challenges.

The June numbers indicate a strong resurgence in CRE market activity, particularly following a slight downturn of 3% in May. Experts view this month's performance not as a mere fluctuation, but rather as a reaffirmation of the market's stability amidst geopolitical tensions and economic uncertainty.

Key Insights from the Index


The impressive jump in the Index indicates that the CRE sector is not just surviving the ongoing challenges but is also recalibrating for a stronger finish to the year. Manus Clancy, head of Data Strategy at LightBox, commented, "The strength of the June Index reveals that the market is gaining traction as it prepares for a robust second half of 2025."

The index encapsulates daily activity across three vital areas of CRE: environmental due diligence, commercial property listings, and lender-driven appraisals. The data shows over 30,000 transactions throughout June, highlighting a new wave of investment and lending within the industry.

Breakdown of the Index Components


1. Commercial Property Listings: For the sixth consecutive month, listings showed a positive trend. Daily volume has increased by 2% from May and is up an impressive 31% from last year. This surge is attributed to a greater number of sellers entering the market, feeling more confident following the Federal Reserve's interest rate guidelines.

2. Phase I ESA Activity: This area experienced a significant rebound with a 10% increase since May. Previous months had seen a dip, signaling a renewed interest in CRE activities after a lukewarm spring.

3. Commercial Appraisals: There's also been a revitalization in lender-driven appraisals, showing a 19% month-over-month increase. This turnaround is crucial as it indicates a resurgence in financing activities after April's volatility caused apprehension in the market.

Dianne Crocker, research director at LightBox, remarked, "Investors are now reentering the market as pricing stabilizes. We're seeing banks and debt funds returning, working to restore the liquidity needed for both new origins and prospective maturities."

Future Outlook


The report underscores a positive outlook for the coming months, with ongoing interest from a broader spectrum of buyers amid rising bidder confidence. As risks from various fronts like inflation, tariffs, and geopolitical tensions persist, the index remains a key indicator. Investors will closely watch for any shifts that might emerge due to trade relations or economic policies.

"Even with clouds of economic uncertainty, the CRE market is robust and moving forward thoughtfully and with direction," Clancy emphasized, stressing the importance of the Index in gauging market stability.

About LightBox


LightBox specializes in providing advanced solutions and in-depth data for commercial real estate professionals, assisting them in navigating complex decisions, risk management, and operational productivity. Their comprehensive database and analytics tools are essential for a diverse clientele that includes brokers, developers, investors, and various stakeholders in the CRE sector. For more information on LightBox and their offerings, visit LightBoxRE.com.

Topics General Business)

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