The latest Acuitus Commercial Property Auction Data (cPad) report shows that the first quarter of 2024 saw 343 lots sell at auction for a total of £217m.
Acuitus chairman and auctioneer Richard Auterac says: “The results for the first quarter of 2024 surpassed the previous peak set in 2017, indicating a promising year to come.”
Larger lot sizes and London stand out in this quarter’s report.
With all eyes on interest rate cuts and re-based valuations could this be the time to lock in assets ahead of the expected upturn?
The cPad All-Property prime yield and secondary yield have weakened slightly from the last quarter, with prime at 6.86% and secondary at 10.81%.
The full Q1 2024 report can be downloaded here.
