The latest Acuitus Commercial Property Auction Data (cPad) report shows that the third quarter of 2023 saw 256 lots sell at auction for a total of £159.4m.
Acuitus chairman and auctioneer Richard Auterac says: “The results for the third quarter of 2023 have been impressive, sitting 29% above the long-term average. The average lot size has also increased from the last quarter rising by almost 30% standing at £623,000, despite retail accounting for the smallest proportion of properties sold on record at 54%”.
The cPad All-Property prime yield and secondary yield have weakened slightly from the last quarter, with prime at 6.53% and secondary at 10.10%.
The full Q3 2023 report can be downloaded here.