Following a period of heightened macro uncertainty, bidder dynamics now appear to be stabilizing heading into the third quarter, and the depth of capital targeting commercial real estate continues to grow. This is according to JLL’s proprietary Global Bid Intensity Index, a leading indicator for transaction volumes, which offers a real-time view on the improving liquidity and competitiveness in private real estate capital markets. The stabilization in bidding dynamics comes as property sector performance fundamentals are holding up and asset valuations have generally held firm in year-to-date 2025, even with investor sentiment being tested.
Powered by three subindices, JLL’s Global Bid Intensity Index analyzes proprietary bid data across investment sales transactions to identify areas of acceleration or deceleration ahead of third-party data providers. In July 2025, JLL’s G
