The CRE market appears to be moving forward "slowly and cautiously," according to the LightBox Monthly CRE Activity Index, which rose in June for the fourth consecutive month.
The index is intended to help participants identify inflection points in the market on the aggregate through data on property listings, due diligence and valuation activity. In June it reached 93.9, up from 87.2 in May, after hitting a three-year low of 48.2 in December 2023. The hike occurred even though lower interest rates have not materialized and inflation remains uncertain.
"It's worth noting that despite any change in monetary policy, slow momentum is building in commercial property investment, lending, loan divestitures, and distressed asset deals," the report commented.
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