The latest Acuitus Commercial Property Auction Data (cPad) report shows that the third quarter of 2024 saw 415 lots sell at auction for a total of £232.5m.
Acuitus chairman and auctioneer Richard Auterac says: “The auction market has continued its strong performance throughout the year and this in part be attributed to an influx on new investors into the commercial property market.”
The increased level of transactions in commercial property market continues from the first half of the year with the total volume of sales hitting £655.9m year-to-date, and the total lots sold hitting 1,111.”
The cPad All-Property prime yield showed a small weakening to 7.14% while the secondary yield strengthened to 11.17%.
The full Q3 2024 report can be downloaded here.
