The latest Acuitus Commercial Property Auction Data (cPad) report shows that the second quarter of 2023 saw 239 lots sell at auction for a total of £116.9m.
Acuitus chairman and auctioneer Richard Auterac says: “The results for the second quarter of 2023 remained close to the long-term average but with a significant increase in the success rate from 84% in the previous quarter to 92%. The hot spot for this quarter was the proportion of properties located in Greater London which was up from 20% to 31% of the properties sold by value”.
The cPad All-Property prime yield and secondary yield have remained largely unchanged, with prime at 6.02% and secondary at 9.42%.
The full Q2 2023 report can be downloaded here.