Acuitus cPad report Q1 2024

23rd April 2024

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.