February saw a sharp increase in CRE activity and a more active lending and investment environment, according to the LightBox CRE Activity Index. But it cautioned that market uncertainty could affect the March results.

The Index tracks commercial property listings, environmental due diligence, and valuation activity. LightBox describes these as key functions that support CRE transactions and collectively serve as a leading indicator of deal activity.

The February Index rose 20 points year over year and 15 points over January to 96.1. LightBox said the spike reflected a 20% rise in environmental due diligence activity, a 17% uptick in commercial property appraisal demand as lenders field requests for refinancing and debt capital, and a 19% increase in properties listed on its platform.

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