The REIT continues to hold active leasing discussions, and notes that progress is expected in the coming months at Park Tower and Village Center Station I.
Prime US Reit has reported a portfolio occupancy of 80.7% as at Sept 30, and a weighted average lease expiry (WALE) of 4.9 years in its 3QFY2025 business update.
In the quarter, the REIT secured approximately 92,000 square feet of leases, and for the 9MFY2025 a total of 492,000 square feet of leases was signed, and average rental reversion of 6.4% was recorded.
