24 January, 2019
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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