#United States #commercial real estate #Marina del Rey #Crexi Auction #Sonya Bokano

Record-Breaking Q3 for Crexi Auction

Crexi, a prominent player in the commercial real estate sector, has recently announced its stunning third-quarter performance for 2025, marking a significant milestone in its auction platform's history. The company reported a staggering 57% year-over-year revenue growth compared to Q3 2024, a clear indicator of thriving market activity and strong trust from sellers across various sectors.

Performance Highlights

During this quarter, Crexi Auction facilitated seven successful auction events, bringing together 145 properties with an impressive total transaction volume of $377 million. On average, each property attracted about 7.2 bids, reflecting a competitive landscape and high buyer engagement. The platform's efficiency is evident in the average duration from listing to sale, clocking in at just 45 days, with an overall list-to-close timeline of 75 days—demonstrating the effectiveness of its streamlined sales process.

Increased Participation From Diverse Sellers

As Crexi's Vice President of Transactions, Sonya Bokano, remarked, the results from Q3 highlight the platform's evolution into a vital resource for sellers eager for quick and transparent transactions in the commercial real estate domain. Notably, the quarter witnessed substantial participation from government, institutional, and private sellers, echoing increased confidence in the auction model. The government auction event impressively achieved a 77% success rate, raising $39.65 million, with a standout property receiving 67 bids alone.

Diverse Property Categories

Crexi Auction successfully catered to a multitude of property types this quarter, showcasing strength particularly in land, multifamily, industrial, and office assets. Geographic concentrations of activity included significant transactions on the East Coast, in Chicago, and throughout California, underscoring Crexi Auction's strong national presence.

Addressing Market Needs

One of the critical strengths of Crexi Auction lies in its ability to address common concerns within the market. The platform provides a transparent, competitive bidding environment, ensuring that buyers are pre-vetted and cash terms verified, thereby fostering trust and expediting negotiations. This is particularly beneficial in a market where properties often take longer to sell. Auctions serve as an effective alternative for reaching motivated buyers swiftly.

Since launching in 2019, Crexi Auction has facilitated the sale of assets totaling over $4.5 billion and boasts nearly $44 billion in submitted bids. The statistical achievements affirm the platform's effectiveness in promoting sales across various property types, from local retail centers to major Class A institutional assets, all while maintaining a 75-day or less timeline from listing to closing.

The Road Ahead

With such a robust performance in Q3, Crexi looks forward to extending this momentum into Q4 and beyond. The impending government auction scheduled for October 27th promises to further enhance the platform's reputation. The continued investment in advanced technologies and strategic marketing initiatives signals Crexi's commitment to redefining how commercial real estate transactions occur, ensuring buyers and sellers alike attain maximum value from their sales processes.

In summary, Crexi is not just offering a service; it is creating a revolution in how commercial real estate is bought and sold. The integration of AI-driven tools and a comprehensive suite of solutions for property marketing and auction services positions Crexi as a leading choice within the industry. To learn more about upcoming opportunities and the platform's offerings, visit Crexi's auction platform.