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LightBox Survey Anticipates Busier Second Half of 2025
Despite ongoing uncertainty, most commercial real estate industry professionals anticipate a busier second half of 2025, according to LightBox’s Mid-Year 2025 CRE Market Sentiment Survey. Based on responses from 237 professionals across investment, brokerage, appraisal, and environmental due diligence, the survey found that 76% expect deal activity to either increase (42%) or hold steady (34%) through the remainder of the year.
Interest rates remain the top concern, followed by economic volatility and emerging tariff risks. A majority of survey respondents said the lack of movement in interest rates was the most significant factor slowing transaction activity and delaying improvement in pricing clarity.
“Despite a first half that didn’t quite play out as expected with growing uncertainty around interest rates and tariffs, our survey shows that the CRE market is gearing up for a more active second half,” said Dianne Crocker, research director at LightBox.
- ◦Sale/Acquisition
- ◦Financing
- ◦Economy
