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LightBox CRE Activity Index Declines from November, Rises Year-Over-Year
LightBox, a provider of commercial real estate information and technology, said its Monthly CRE Activity Index for December posted a reading of 56.8, a 23.7-point month-over-month decline. However, the Index remained above its levels from the year-ago period.
Although seasonal moderation is expected at year-end, the decline was steeper than the average 19.3-point drop seen over the prior three years, according to LightBox. Contributing to the decline were rising Treasury yields fueled by investor concerns over the federal deficit, the potential for new tariffs and persistent inflation.
Conversely, the CRE Activity Index was up 8.6 points compared to last December, an increase fueled by double-digit increases in the property listings and environmental due diligence components of the Index.
“Heading into January, it’s encouraging to witness property listing activity gaining momentum as sellers brought assets to market during the closing weeks of a challenging fourth quarter,” said Manus Clancy, LightBox head of data strategy. “On the ground, our Market Advisory Councils for capital markets and environmental due diligence are observing increased portfolio activity, growing interest from institutional investors, and renewed engagement from clients who spent much of 2024 in wait-and-see mode.”
- ◦Sale/Acquisition
- ◦Financing
