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July marked a turning point in competition for commercial real estate properties, with bids rising for the first time in more than a year. That trend continued into October.
Bidder dynamics during the month saw the second-highest monthly gain over the past year, according to JLL’s Global Bid Intensity Index. Competitiveness continues to improve, partly due to interest rate cuts by the U.S. Federal Reserve in September and October.
The index measures bidding activity in order to give a real-time view of liquidity and competitiveness in private real estate capital markets. That, in turn, is an indicator for future capital flows across investment sales transactions.
“As capital deployment accelerated during the third quarter, institutional investors are signaling increased confidence in the market, even as uncertainty persists,” said Richard Bloxam, CEO of capital markets at JLL. “We expect business confidence will continue to improve and pave the way for continued capital flow growth into 2026.”
