#United States #California #commercial real estate #Crexi Auction #Investor Confidence

Crexi's Auction Performance in H1 2025 Signals Market Resurgence

In the first half of 2025, Crexi, a prominent platform in the commercial real estate sector, has announced remarkable results for its auction business. The Crexi Auction reported an outstanding 96% close rate, along with a 10% increase in transaction volume year-over-year. These numbers illustrate not only the platform's dominance in the market but also reflect a growing confidence among buyers and sellers amid a fluctuating economic landscape.

The beginning of 2025 had cast a shadow over the commercial real estate (CRE) sector due to uncertainty stemming from changing trade policies and volatile bond rates. Although 88% of CRE executives anticipated revenue growth this year, many remained cautious about engaging in traditional transaction methods, attributing this hesitancy to financing uncertainties and prolonged negotiation processes. Despite such challenges, the auction business experienced a significant upswing in May and June, suggesting that market participants are eager to take advantage of available opportunities.

Sonya Bokano, the VP of Transactions at Crexi, stated that "Auctions are becoming an indispensable avenue for conducting transactions in today’s CRE environment." She emphasized how online auctions have emerged as a favored solution, enabling a more expedited and transparent sales process. This approach reflects a growing trend where traditional methods slow down, while auction platforms facilitate swift transactions and reignite market enthusiasm.

Highlights of Crexi's Strong H1 2025 Performance

• - 10% Year-over-Year Transaction Volume Increase: This growth spanned various asset classes, showcasing the platform's expansive reach and effectiveness.
• - 96% Close Rate: The auction maintained consistent month-over-month progress through June, indicating reliable performance amidst market fluctuations.
• - Office Property Sales Surge: During May and June, thirteen office properties were sold at auction, indicating renewed investor interest in this sector.
• - 100% Close Rate Achieved in Landmark Auctions: For a significant client, Crexi realized 100% sales through its auctions, continuing a legacy that includes the largest real estate auction ever hosted online.

With the appointment of Anthony Falor as Head of Hospitality, Crexi has bolstered its sector expertise, drawing on his extensive 35 years of experience. The hospitality sector is steadily recovering, with hotel occupancy hitting 63%, although still 2.8% below pre-pandemic levels. Timing and precision in pricing become increasingly important under these conditions.

Crexi Auction has innovated its processes by providing a competitive, time-bound environment that improves transparency in sales. By addressing common market concerns—such as ensuring pre-vetted buyers and verified cash terms—Crexi effectively mitigates the challenges of lengthy negotiations. Incorporating a white-glove service powered by expert auction specialists and tailored marketing strategies, they complement rather than replace traditional brokerage methods. This approach positions Crexi as a compelling option for reaching motivated buyers while expediting sales timelines.

Since launching in 2019, Crexi Auction has successfully facilitated transactions exceeding $4.5 billion and generated nearly $44 billion in bid submissions from diverse asset categories, including local retail centers and premier Class A assets. Notably, the platform typically follows an accelerated timeline, able to transition from listing to closing in 75 days or fewer. By leveraging AI-driven tools and a comprehensive auction system, Crexi is reshaping how commercial real estate transactions are conducted.

For those interested in upcoming auction opportunities, detailed information can be found at www.crexi.com/auctions.

About Crexi

Crexi is revolutionizing the commercial real estate landscape with an AI-powered platform that enhances efficiency and effectiveness at every step in the deal lifecycle. Through its various services, including Crexi Intelligence for data analytics, Crexi PRO for deal management, and Crexi Auction for transparent bidding, the platform allows users to access opportunities swiftly while maximizing exposure. To date, Crexi has supported over $1 trillion in transactions and 8.6 billion square feet leased, attracting a dynamic community of over 2 million active users monthly. Discover more about their offerings at www.crexi.com.