#USA #commercial real estate #hospitality #Marina del Rey #Crexi

Crexi Q1 2026 Auction Results

In a remarkable display of growth, Crexi, a premier commercial real estate data platform and marketplace, announced its auction results for the first quarter of 2026, showcasing a phenomenal 173% year-over-year increase in activity. This surge underscores not only the growing acceptance of auction methods in real estate but also highlights the strong demand from buyers, particularly in the hospitality sector.

The first quarter featured six distinct auction events, encompassing a variety of asset classes including hospitality, retail, industrial, office, and land properties. On average, each property attracted around 11 bidders, showcasing persistent buyer interest in the market. Notably, the average time from listing to closing was an impressive 77 days, indicative of the efficiency and speed of the auction-based sales process.

Sonya Bokano, Vice President of Transactions at Crexi, commented on the results, stating, “Our performance in Q1 illustrates the increasing adoption of auction-based sales, paired with strong buyer demand for well-priced and strategically marketed assets. Specifically, there is notable interest in properties that demonstrate clear potential for repositioning or recovery. As we anticipate Q2, we expect continued growth, especially in the retail and multifamily sectors.”

Performance Highlights

• - Strong Yearly Growth: Crexi reported 98 properties were listed during six auction events, culminating in $130 million in closed transactions.
• - Record Transactions: Year-over-year growth in transactions reached 173%, with auction listings up by 131% and sold volume soaring by 165%. This growth signals rising market adoption and heightened platform engagement.
• - Active Buyer Engagement: Properties consistently attracted an average of 11 bidders, with some assets receiving upwards of 30 bids, showcasing robust buyer confidence. One hospitality property alone received 63 bids.
• - Efficient Sales Process: The average list-to-close duration of 77 days emphasizes the platform’s capability to expedite transactions effectively.

The hospitality sector stood out in Q1, accounting for a staggering 72% of total transaction volume, with an impressive sell-through rate of 80%. Additionally, bidding intensity was notably high, averaging 21.1 bids per deal, as buyers pursued assets with operational upside and clear recovery potential.

Institutional sellers made a significant impact this quarter, representing over 77% of the total volume sold with a sell-through rate of 72.7%. Investor behavior has also seen a shift, with a growing willingness to explore both stabilized and value-add opportunities, which include vacant properties, provided the alignment in pricing and potential upside exists.

Highlighted transactions include the noteworthy sale of Piney Shores Resorts – Lakefront Presidential priced at $8.16 million, among other transactions that showcase the platform's adeptness in managing complex and non-core assets, such as healthcare facilities and resort properties.

Retail, another robust vertical for Crexi Auctions, has demonstrated historical success in auctioning both income-generating and vacant properties. So far, 728 retail assets have been auctioned, yielding a significant total transaction volume of $441 million. Crexi Auction has consistently produced competitive outcomes across all risk categories, ranging from net lease assets with high tenant credit to repositioning ventures, confirming its versatility in meeting various seller objectives and buyer strategies.

Having launched in 2019, Crexi Auctions has facilitated the sale of billions in assets, generating substantial buyer interest across various property types, thus positioning itself as a trusted resource for sellers amid a dynamic market landscape.

To learn about future auction opportunities, please visit www.crexi.com/auctions.

For more inquiries, contact Allyse Sanchez at [email protected]

About Crexi

Crexi is redefining commercial real estate with an AI-enhanced platform designed to offer smarter, more efficient solutions at every phase of the property transaction lifecycle. From real-time market intelligence and listing services through Crexi Intelligence, to focused marketing and deal administration with Crexi PRO, and a transparent bidding experience via Crexi Auction, the platform streamlines the process of evaluating and closing real estate deals efficiently. To date, Crexi has facilitated over $2.74 trillion in property values and lists 26 billion square feet, supporting a community of more than 23 million active users annually.