Prime REIT sees increased occupancy at US assets in Q3

The firm’s Washingtonian and Utah portfolios saw 85% and above 90% occupancy, respectively.

PRIME US REIT recorded increased asset occupancy to 85% from 33% and above 90% at its Washingtonian and Utah portfolio, respectively, in the third quarter of the year.

It secured an 11-year lease for 120,000 square feet with X-Energy at Waterfront at Washingtonian and it accounted of 85% asset occupancy.

The REIT saw a 20-year lease for 61,000 sq. ft. with the US Attorney’s Office in Salt Lake City and asset occupancy here returned to above 90%.

PRIME REIT’s committed occupancy stood at 80.7% as of 30 September 2025.

In the third quarter, it also gained 92,000 sq. ft of leases that extended the portfolio’s WALE from 4.7 years to 4.9 years.

In 9M, PRIME signed 492,000 sq. ft. of leases and an average rental reversion of 6.4% was recorded.

PRIME US REIT is holding leasing discussions at assets Park Tower and Village Center Station I.

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