Vacancy rate for the O1 Properties portfolio fell below 10%

January 24, 2019. O1 Properties published results for 2018. Office lease transactions exceed 42,000 sq.m. As result, the vacancy rate for the O1 Properties portfolio fell to 9.5% and the rate for class-A facilities in the Central Business District of Moscow is now under 5%.

Among the largest deals 2018:

Company

Size (sq.m.)

Business center

Telecommunication company

6 672

LeFORT

WeWork

5 887

White Square

Fashion Company

3 394

Legend

OPTEK

2 132

Silver City

Russian Artificial Intelligence Center Samsung Electronics

2 047

White Square

Kimberly-Clark

1 866

Krugozor

Regus

1 730

Vivaldi Plaza

Alfa-Leasing*

1 587

iCUBE

Sun Pharma

1 427

LeFORT

Liga Stavok

1 414

White Stone

BEKO

1 159

Stanislavsky Factory

DLL Leasing

1 083

White Square

*office expansion

Pavel Barbashev, Head of Asset Management and Leasing of O1 Properties: "Till end 2018 we have reached the target vacancy rate level below 10%. For this year we target to keep net absorption on the level of 2018. We expect that as result the vacancy rate by the end of 2019 might decrease to minimum 3-4%”.

 

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  1. Forbes ranks O1 Properties in TOP-10 largest owners of commercial real estate in Russia 28 January 2019 Download PDF
  2. Vacancy rate for the O1 Properties portfolio fell below 10% 24 January 2019 Download PDF