Making the private CRE market measurable.
For decades, some of the most valuable information in commercial real estate has remained buried in documents and fragmented across transactions. LightBox is transforming a unique repository of property-level information into structured intelligence, creating new transparency, benchmarks and indices for the private market.
Standardize. Connect. Benchmark
LightBox has spent years collecting, organizing, and standardizing transaction history so that property performance can be uniquely identified and continuously tracked over time.
From documents to data.
CRE documents
- Appraisals
- Offering memoranda
- Rent rolls
- Transaction materials
- Property reports
- Other CRE documents
LightBox extraction and normalization
AI extracts, structures and standardizes hundreds of property-level fields.
LightBox ID
Every observation can be connected to the underlying property and understood in context over time.
LightBox Index
A growing corpus of private-market observations that can power analytics, benchmarks, indices and AI.
A different kind of CRE dataset.
Traditional real estate datasets tell you what a property is and what eventually transacted.
LightBox Index can add something different:
What was known about the property at a particular moment in time.
- Going-in cap rates.
- Market rents.
- Occupancy.
- NOI.
- Expenses.
- Property condition.
- Valuation assumptions.
- Comparable properties.
- And hundreds of additional observations.
Connected to the same property over time, those observations create a longitudinal view of commercial real estate that historically has been extraordinarily difficult to assemble.
Why LightBox can build it.
Access to the workflows
LightBox participates in the processes through which commercial real estate is researched, valued, financed, assessed, marketed and transacted.
A persistent property identity
LightBox ID connects extracted observations back to the same physical asset rather than leaving them trapped inside individual documents.
A growing document corpus
New CRE documents add new observations to the dataset as the market operates.
Structured at scale
AI makes it possible to extract and normalize information that historically required manual review.
The result is not simply more documents. It is a new data asset.
See what becomes possible.
LightBox Cap Rate Index
A monthly view of going-in cap rates by market and property type, built from property-level observations extracted through LightBox.
Unlike measures based solely on completed transactions, the LightBox Cap Rate Index can provide another lens into pricing conditions across properties being valued and evaluated in the market.
Request the methodology →The Cap Rate Index is the beginning.
The same underlying corpus can support a growing family of measures across property types, markets and time periods.
Pricing
- Cap rates
- Values
- Price per square foot
Fundamentals
- Rents
- Occupancy
- NOI
- Expenses
Property
- Condition
- Improvements
- Characteristics
Market
- Comparable properties
- Valuation assumptions
- Local observations
As the corpus expands, so does the number of questions that can be answered from observed private-market data.
One platform. Three compounding assets.
Know the property.
A nationwide property foundation organized around a persistent LightBox ID.
Explore Data →See the market in motion.
The workflow through which deals, documents and participants come together.
Explore Live →Understand what the market is telling you.
Structured observations extracted from the documents and activity surrounding commercial real estate.
Explore Index →Every new observation adds context.
- A property gets appraised.
- A deal comes to market.
- A new rent roll is produced.
- A lender evaluates the asset.
- A transaction takes place.
Each event can generate new information about the same underlying property.
Connected through LightBox, those individual observations become a longitudinal record of the private commercial real estate market.
That is LightBox Index.
See the private market differently.
Talk with us about LightBox Index, the underlying data corpus and the markets that matter to you.
Faster decisions. Fewer surprises.
Clarity you can stand on.LightBox is the Decision Foundation for the Built World.