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LightBox CRE Activity Index Surges in January Following December Decline

LightBox reported a rebound in its January 2025 LightBox CRE Activity Index, a key measure of transactional momentum in the commercial real estate market. The Index jumped to 81.2, well above the December 2024 reading of 56.8 and surpassing November’s 80.5. January’s reading is also slightly above 76.2 a year ago.

“The January rebound reflects growing optimism that market conditions are stabilizing,” said Manus Clancy, head of data strategy at Irvine, CA-based LightBox. “Despite macroeconomic uncertainty and policy concerns, buyers and lenders are taking a more active approach as interest rates hold steady and new investment opportunities emerge.”

Notwithstanding distractions such as a brief spike in 10-year Treasury yields and uncertainty surrounding new administration policies on tariffs and immigration, the report signals that transactional activity accelerated. Commercial property listings also rose following a seasonal dip and valuation activity picked up, a trend often considered a precursor to increased financing and refinancing activity.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Financing
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