LightBox

Markets are flashing warning signs again. Hot CPI and PPI prints pushed Treasury yields higher, oil remains elevated and talk of potential Fed hikes is back on the table. Yet equities keep rallying, and CRE activity continues to hold up. On this week’s episode of the #CREWeekl Digest, Manus Clancy and Dianne Crocker discuss: - Why this market feels eerily similar to 2000 - What the latest @LightBoxRE data says about CRE transaction activity - Fresh lender sentiment from the MBA of New York Real Estate Summit - Major office, logistics, and multifamily deals shaping the market - And a nostalgic Slice of Life about the prehistoric CRE workflows of the pre-email era Listen now: hubs.la/Q04gN8gF0 @CommercialRecap @dpcrocker #CRE #CommercialRealEstate #CREData #CRENews #RealEstateData #RealEstateFinance #Multifamily #OfficeMarket #CapitalMarkets #IndustrialRealEstate #CREFinance #PropTech #EconomicOutlook

We’re heading to @ICSC Las Vegas next week. From May 18–20, the LightBox team will be on-site connecting with CRE professionals, investors, and data leaders navigating today’s retail and commercial real estate market. At @LightBoxRE, we help the industry move faster with trusted property intelligence, ownership and transaction data, market insights, and workflow solutions that support smarter underwriting, due diligence, and investment decisions. If you’re looking to unlock deeper market visibility and accelerate deal-making, let’s connect in Vegas. Learn more: hubs.la/Q04gwB3J0 #ICSCVegas #CRE #CommercialRealEstate #RetailRealEstate #PropertyData #LightBox

CRE keeps defying gravity. In Episode 96 of The CRE Weekly Digest, Manus Clancy and Dianne Crocker break down why today’s market feels like a game of Jenga: elevated Treasury yields, $100 oil, geopolitical uncertainty, and yet CRE activity keeps moving higher. This week: - The @LightBoxRE CRE Activity Index hit 125 in April, the strongest reading since 2022 - Office leasing gains momentum in D.C. and Lower Manhattan - New development projects continue moving forward across the U.S. - Seattle property listings jumped 30% year over year in Q1 Is CRE proving more resilient than expected? Listen now: hubs.la/Q04fZSGb0 @CommercialRecap @dpcrocker #CRE #CommercialRealEstate #CREData #CRENews #RealEstateData #OfficeMarket #CapitalMarkets #CREFinance #PropTech #EconomicOutlook

Nothing lines up right now. Treasury yields rose to 4.40 Oil just hit $120 AI spending is under scrutiny And equities are still near all-time highs So what does it mean for CRE? In Episode 95 of The CRE Weekly Digest, Manus Clancy and Dianne Crocker unpack a market full of contradictions and what they’re watching most closely. Key takeaways: - CRE activity is holding steady, with only slight softening in larger deals - Office demand just hit its highest level since 2020, led by NYC and SF - Multifamily continues to benefit from limited supply and strong fundamentals - Chicago is gaining momentum, with environmental due diligence activity up 24 percent last year and 8 percent in Q1 Plus, is the AI trade starting to show cracks, and what could that mean for capital markets? Listen now to get ahead of the signals that matter most. hubs.la/Q04fb0S_0 @dpcrocker @CommercialRecap @LightBoxRE #CRE #CommercialRealEstate #RealEstateInvesting #CREData #CapitalMarkets #Multifamily #OfficeMarket

The @LightBoxRE team is heading to Austin for the 2026 @CBRE Multifamily Summit. LightBox is proud to be a Diamond Sponsor of this year’s event, bringing together leading multifamily owners, operators, and investors to discuss where the market is headed and how deals are evolving. If you’re attending, make sure to catch Eric Frank, CEO of LightBox, on the main stage after lunch on Tuesday, May 12, where he'll share an exciting announcement you won’t want to miss! We look forward to connecting in Austin. Message a member of our team to schedule time to meet while on-site. Discover how LightBox can support your deal-making with powerful data and insights: hubs.la/Q04d-m5N0 @cbrecapitalmkts #CBREMultifamily #Multifamily #CRE #CapitalMarkets #CBREMultifamilySummit #PropTech #Brokers #Investors #Developers #CommercialRealEstate

CRE isn’t slowing down, even as uncertainty lingers. This week, Manus Clancy and Dianne Crocker break down a market caught in between: - Oil holding near $100 and rates staying higher for longer - The LightBox CRE Activity Index at 117, still in expansion territory - Bank CRE delinquencies improving, with some down over 40% year over year - A wave of capital flowing into medical office, REIT take-privates, and new development And yet, there are signals to watch. Consumer sentiment just hit one of its lowest readings on record, CRE outlook surveys are turning cautious, and deal activity may be softening at the margins. So what’s really happening? A market that feels stuck on the surface, but is quietly building momentum underneath. Listen to Episode 94: hubs.la/Q04drx7K0 @CommercialRecap @dpcrocker

Did you know? Chicago is the 3rd largest Phase I ESA market in the U.S. with a 2025 growth rate of 24%. Attention Chicago environmental professionals and lenders. LightBox is headed your way on Tuesday, May 5. Join us for a focused morning of market intelligence and innovation. We’ll share a pulse check on national and regional market conditions, powered by LightBox’s proprietary performance metrics, along with a near-term outlook for environmental due diligence. Attendees will receive a timely one-page market snapshot featuring the fastest-growing metros in their market, the latest industry stats for benchmarking company performance, and broader CRE insights on top lenders and investors. We’ll also offer a behind-the-scenes look at the data and tools driving modern due diligence, including an exclusive preview of @LightBoxRE's product vision and roadmap. Enjoy breakfast, connect with peers, and engage directly with industry experts in a forward-looking conversation about what’s next. No cost to attend. Space is limited. Reserve your spot today: hubs.la/Q04cBLY30 #CRE #EnvironmentalDueDiligence #RealEstate #Lending #RiskManagement #LightBoxRoadshow

CRE started the year with momentum. Then came another round of uncertainty. So why hasn’t the market flinched? In Episode 93 of The CRE Weekly Digest, Manus Clancy sits down with Joe McBride of SitusAMC to unpack what is really happening across lending, capital flows, and deal activity. - Despite headlines around private credit stress and geopolitical volatility, CRE is showing resilience: - Lenders targeting 30 to 40 percent growth this year - Nearly $30B in transactions supported by SitusAMC in 2025, up 44 percent - Continued deal flow even as markets absorb new shocks They also dig into: - Why CRE credit is not the same as corporate private equity risk - How AI is likely to boost productivity, not trigger a SaaS collapse - The role of demographics and data centers as long-term tailwinds - What could derail the market if conditions shift The setup for CRE is stronger than it looks. But the margin for error may be thin. Listen Now: hubs.la/Q04cxVVv0 #CommercialRealEstate #CRE #CREFinance #CapitalMarkets #PrivateCredit #MarketVolatility #CREWeeklyDigest @CommercialRecap

CRE activity closed Q1 strong. The LightBox CRE Activity Index hit 117.0 in March—the third straight month above 100. Listings, due diligence, and appraisal activity all held firm. Now the question: can it last into Q2? Full report: hubs.la/Q04c2GcJ0

This has been the week of whiplash. Oil surged, stocks slid, and Treasury yields spiked before reversing on ceasefire news. And yet, the data is telling a more resilient story: job growth came in stronger than expected, consumer confidence is rising, retail sales are projected to climb 4.4%, and CRE deals are still getting done. In this week’s episode of The CRE Weekly Digest, Manus Clancy and Dianne Crocker break down: - What market volatility really means for CRE - Why nothing has “broken” despite the swings - March @LightBoxRE CRE Activity Index holding strong at 117 - Major development, financing, and leasing momentum across key markets - Where distress is still very real in office Plus, a look at what the latest data and deal activity signal for the months ahead, and where risks could still emerge if volatility persists. Listen now: hubs.la/Q04bn_s20 @dpcrocker @CommercialRecap #CREWeeklyDigest #CRE #commercialrealestate

“Adjoining property” sounds simple… until you hit waterways, highways, and easements. ASTM discussions are surfacing real-world edge cases that are changing Phase I workflows. See what’s changing: hubs.la/Q04bmZ9R0 #CRE #EnvironmentalDueDiligence #ASTM #Phase1ESA #PropTech

CRE deal flow didn’t slow in February. It shifted. 1,168 deals closed totaling $20.6B, matching January’s pace despite a shorter month. What changed: • Fewer $100M+ deals • More sub-$50M activity • Broader buyer participation Capital isn’t pulling back. It’s spreading out. The question now is durability. Explore the full report insights: hubs.la/Q049W0QM0 #CRE #CommercialRealEstate #RealEstateInvesting #CapitalMarkets #CREData #MarketTrends #RealEstateAnalytics #InvestmentTrends

Bold prediction: Michigan comes out on top We analyzed the metros of the remaining four teams - Michigan, Illinois, Arizona, and UConn - through a different lens using @LightBoxRE data. By examining campus footprint, #CRE deal activity, and even “school spirit” reflected in local business history, one team stands out for its balance across all factors. The data points to Michigan. Not because it dominates every category, but because it shows consistent strength across market activity, campus structure, and long-standing local identity. Want to see how each market compares? Read the full blog: hubs.la/Q049zMc-0

Markets are volatile. CRE isn’t—at least not yet. Oil near $120. Borrowing costs up nearly 100 basis points. Recession talk getting louder. And yet, consumer confidence beat expectations, retail sales jumped, and CRE deals are still moving. So, what’s really happening beneath the surface? In Episode 91 of The CRE Weekly Digest, Manus Clancy and Dianne Crocker break down: - Why the economy feels so contradictory right now - What could trigger a recession - Preliminary March @LightBoxRE data behind the CRE Activity Index - The largest drop in multifamily rents since 2017 - What continued deal flow and development say about investor confidence Volatility is here. The question is what comes next. Listen now: hubs.ly/Q049z2Q70 @dpcrocker @CommercialRecap

CRE fundamentals are holding up for now, but macro pressure is building fast. Borrowing costs have jumped nearly 100 basis points in just a few weeks as oil prices rise, Treasury yields climb, and credit spreads widen. So far, deal activity and liquidity haven’t flinched, but the real question is whether that can continue. There are crosscurrents. Capital is still flowing into large, complex deals. Industrial demand remains strong. Office-to-resi conversions are gaining momentum. The signal is undoubtedly mixed. Stable on the surface. Mounting pressure underneath. The next few months will tell us whether #CRE can sustain the strong momentum we saw early this year or whether it begins to fade. Catch the full breakdown in this week’s LightBox Signal: hubs.la/Q048VQ2R0 #CRENews #MarketData #CommercialRealEstate #TheSignal #LightBoxSignal

Is CRE in the ‘Danger Zone’? In this week’s episode of The CRE Weekly Digest, Manus Clancy and Dianne Crocker break down: - A 100-basis point jump in borrowing costs in just weeks - Why CRE could benefit from private credit volatility - A potential $20B lending tailwind from regulatory changes - Blockbuster industrial and self-storage deals signaling momentum - The real risk window for a slowdown in April and May Plus, the surge in office-to-resi conversions and a data-driven story behind 2,800 former U.S. airfields. Is CRE entering a slowdown? Listen to Episode 90 now: hubs.la/Q048y-6j0 @dpcrocker @CommercialRecap @LightBoxRE

Sweet 16 games kick off today. How’s your bracket holding up? We took a different approach: What if winners were picked using CRE data instead of stats? See which markets come out on top → hubs.la/Q048xYvZ0 Have a market you’re watching? Email us at insights@lightboxre.com to run your metro through the same data signals. #MarchMadness #Sweet16 #CommercialRealEstate #RealEstateData #DataAnalytics #MarketInsights #CREData

Lindbergh took off from Roosevelt Field. Today, it’s a shopping mall. That kind of land use history doesn’t always show up in environmental data. Now 2,800+ hidden airfields are live in LightBox. Kudos to Richard White & team. Read how one overlooked dataset is now helping uncover hidden land use: hubs.la/Q048lhyZ0 #CommercialRealEstate #CRE #EnvironmentalDueDiligence #LandUse #SiteSelection #RiskAssessment #RealEstateData #GIS #DataDriven #PropTech

CRE is feeling macro pressure—oil, rates, inflation—but the data hasn’t flinched (yet). Plus: which Sweet 16 metros are driving environmental due diligence? Full Signal: hubs.la/Q047_kHL0 #CRENews #MarketData #CommercialRealEstate #TheSignal #LightBoxSignal

Markets are volatile and #CRE is feeling it. Borrowing costs up. Spreads widening. Gating back in focus. Momentum is still there, but for how long? Tune in to Ep. 89 of the #CREWeeklyDigest: hubs.ly/Q047JwR-0 @CommercialRecap @dpcrocker