**LightBox Survey Predicts Uptick in Commercial Real Estate Activity in Second Half of 2025**
Despite ongoing market uncertainty, a majority of commercial real estate (CRE) professionals are optimistic about a rebound in deal volume during the second half of 2025. According to LightBox’s Mid-Year 2025 CRE Market Sentiment Survey, 76% of respondents expect transaction activity to either increase (42%) or remain steady (34%) over the remainder of the year.
The survey gathered insights from 237 industry professionals spanning investment, brokerage, appraisal, and environmental due diligence sectors. While the overall sentiment suggests cautious optimism, several key challenges continue to weigh on the market.
Respondents identified stagnant interest rates as the primary factor hindering transaction activity. Economic volatility and concerns over newly emerging tariff risks were also cited as major concerns impacting investment decisions and pricing clarity.
“Despite a first half that didn’t quite play out as expected with growing uncertainty around interest rates and tariffs, our survey shows that the CRE market is gearing up for a more active second half,” said Dianne Crocker, Research Director at LightBox.
As the industry adjusts to evolving economic indicators, professionals are watching the market closely, anticipating improved conditions that may drive increased deal flow through the end of the year.
