Thursday, June 30, 2022
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • Cookie Privacy Policy
  • DMCA
Daily Market Business News
  • LatestToday
  • Small Business
  • MarketsDaily
  • Politics
  • Companies
  • World
  • Jobs
  • FinanceNow
  • industry
  • Economy
  • ForexDaily
  • LatestToday
  • Small Business
  • MarketsDaily
  • Politics
  • Companies
  • World
  • Jobs
  • FinanceNow
  • industry
  • Economy
  • ForexDaily
No Result
View All Result
Daily Market Business News
Home Markets

Tel Aviv office market gone mad: High demand drives shortage, steep prices

February 11, 2022
Reading Time: 3 mins read
Tel Aviv office market gone mad: High demand drives shortage, steep prices


Tel Aviv’s office shortage and eye-popping prices have become so intense that a startup founder who had recently raised funds to grow the company wondered out loud whether he should acquire another startup strictly for its five-year office lease in a prime location in the city.

This tidbit appeared last month in a weekly real estate newsletter put together by Guy Amosi, CEO and managing partner of the Israel office of international real estate advisory firm Avison Young. The conversation took place during a meeting between the founder and members of the firm, Amosi relayed in the newsletter, distributed to over 4,000 global business leaders.

In a LinkedIn post later, Avison Young wrote that as much as such thinking sounds “removed from reality, it is also firmly attached to it.”

Over the past 18 months, “real estate in the right location has become… almost as important as [a] company’s patents,” the post read.

Demand for offices around Tel Aviv’s Savidor and Hashalom train stations has risen exponentially and supply is quickly decreasing, the firm said. The area, called the “scooter triangle,” runs along both the eastern and western sides of the Ayalon highway from the Arlozorov interchange to south of Yitzhak Sadeh Street, where the Azrieli Towers and Sarona anchor the space on Menachem Begin Boulevard.

Sign up for ToI’s free
Real Estate Israel newsletter

By signing up, you agree to the terms

The name denotes the preferred mode of transportation for many employees in a city that suffers from terrible traffic congestion.

An illustrative photo of a person riding an electric scooter in Tel Aviv, November 27, 2019. (Miriam Alster/FLASH90)

“Quality office space has become like a valuable patent in the sense that it is a gateway to making high quality hires. Office space located near the talent is key to a company’s success,” Amosi told The Times of Israel by phone last week.

During the first few months of the COVID-19 outbreak, real estate experts struggled to identify the impact that “work from home” rules would have on the office market. There were concerns of a severe glut of office space such as the case in 2003-2005, in the aftermath of the dot-com crash.

But despite employees’ preferences for working remotely, even partially, tech firms are aggressively expanding their physical footprint and focusing their attention on prime Tel Aviv office towers.

A study by real estate firm Avison Young shows rising rents for office space in Tel Aviv. (Avison Young)

Avison Young’s Tel Aviv Market overview for the second half (H2) of 2021 provides a clear view of the price and occupancy development in the Tel Aviv prime office market.

Its analysis indicates a temporary softening of the office market at the start of the COVID-19 pandemic in…



Read More: Tel Aviv office market gone mad: High demand drives shortage, steep prices

Tags: AvivDemanddrivesHighmadmarketofficePricesShortagesteepTEL
ShareTweetPin
Previous Post

Live Updates: Latest News on the Canada Trucker Protests

Next Post

Dow Jones Futures: Market Rally Sells Off On Hot Inflation, ‘Dramatically’

Related Posts

Tesla tops 10% market share in California—an eighth of EV maker’s global

by MARKET OF BUSINESS
February 13, 2022
0

Heard Californians say that the Model 3 is the new Prius?  No exaggeration, they’re everywhere. Tesla surged to a...

Dow Jones Futures: Market Rally Breaks Key Levels With Russia In Focus;

Dow Jones Futures: Market Rally Breaks Key Levels With Russia In Focus;

by MARKET OF BUSINESS
February 12, 2022
0

Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures. The major indexes...

What a Russian invasion of Ukraine would mean for markets as White House

What a Russian invasion of Ukraine would mean for markets as White House

by MARKET OF BUSINESS
February 12, 2022
0

Investors on Friday got a taste of the sort of market shock that could come if Russia invades Ukraine....

Biodegradable Chelating Agents Market Size To Grow by USD 357.93 Mn |

Biodegradable Chelating Agents Market Size To Grow by USD 357.93 Mn |

by MARKET OF BUSINESS
February 11, 2022
0

NEW YORK, Feb. 11, 2022 /PRNewswire/ -- The biodegradable chelating agents market size potential growth will be USD 357.93...

Etsy taps two big markets with Depop acquisition — Gen Z and resale

Credit Agricole 4Q Net Income Rose Ahead of Market Views — Update

by MARKET OF BUSINESS
February 10, 2022
0

By Sabela Ojea Credit Agricole SA reported on Thursday a significant rise in net profit and net income for...

CFTC Should Oversee Crypto Spot Markets, Chief Reiterates Before Congress –

CFTC Should Oversee Crypto Spot Markets, Chief Reiterates Before Congress –

by MARKET OF BUSINESS
February 9, 2022
0

CFTC Should Oversee Crypto Spot Markets, Chief Reiterates Before Congress CoinDesk Read More: CFTC Should Oversee Crypto Spot...

Next Post
Dow Jones Futures: Market Rally Sells Off On Hot Inflation, ‘Dramatically’

Dow Jones Futures: Market Rally Sells Off On Hot Inflation, 'Dramatically'

0 0 votes
Article Rating
Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trend Today

JPS students get crash course in entertainment industry

JPS students get crash course in entertainment industry

February 14, 2022
Boris Johnson latest news: PM ‘can win next election’ as Starmer receives

Boris Johnson latest news: PM ‘can win next election’ as Starmer receives

February 13, 2022
Biden tells Zelenskyy U.S. will respond ‘swiftly and decisively’ if Russia

Biden tells Zelenskyy U.S. will respond ‘swiftly and decisively’ if Russia

February 13, 2022
U.S. efforts on pandemic, economy: Things are a bit better, but not yet

U.S. efforts on pandemic, economy: Things are a bit better, but not yet

February 13, 2022

Most Common Money Lies in Relationships

February 13, 2022

Leveraged DeFi Coming to Fantom – Will This Turn FTM Bullish?

February 13, 2022
ADVERTISEMENT

Latest News

Lawyer Kicked Off BA Flight Because Nanny ‘Not Seated in Business Class’

Lawyer Kicked Off BA Flight Because Nanny ‘Not Seated in Business Class’

February 13, 2022
Making ‘Dinobabies’ Extinct: IBM’s Push for a Younger Work Force

Making ‘Dinobabies’ Extinct: IBM’s Push for a Younger Work Force

February 12, 2022
Walmart ends mask mandate for vaccinated employees

Walmart ends mask mandate for vaccinated employees

February 12, 2022
A ‘firestorm’ of hawkish Fed speculation erupts following strong U.S.

A ‘firestorm’ of hawkish Fed speculation erupts following strong U.S.

February 11, 2022

Economy

U.S. efforts on pandemic, economy: Things are a bit better, but not yet

U.S. efforts on pandemic, economy: Things are a bit better, but not yet

February 13, 2022
US Exporting Every Molecule of LNG Possible – gcaptain.com

US Exporting Every Molecule of LNG Possible – gcaptain.com

February 13, 2022
Art Laffer: I don’t see any hope for inflation coming down substantially –

Art Laffer: I don’t see any hope for inflation coming down substantially –

February 12, 2022

Oil jumps amid escalating tensions between Russia and Ukraine

February 11, 2022

Finance

Most Common Money Lies in Relationships

February 13, 2022
Why the Fed overstimulated the economy

Why the Fed overstimulated the economy

March 24, 2022
6 Stocks for a 2022 of Higher Interest Rates and Slower Earnings Growth

6 Stocks for a 2022 of Higher Interest Rates and Slower Earnings Growth

February 12, 2022

A Harvard-trained economist shares the surprising benefits of marriage

February 11, 2022

Forex

Leveraged DeFi Coming to Fantom – Will This Turn FTM Bullish?

February 13, 2022
Experts paint grip picture of what could happen if CBN stops sale of forex

Experts paint grip picture of what could happen if CBN stops sale of forex

February 13, 2022
US CFOs report supply chain and currency FX volatility

US CFOs report supply chain and currency FX volatility

February 12, 2022
EURUSD trading above and below 1.1400 as traders ponder what next after the

EURUSD trading above and below 1.1400 as traders ponder what next after the

February 11, 2022

© 2020 Marketofbusiness.com

  • Contact Us
  • Terms of Use
  • Privacy Policy
  • Cookie Privacy Policy
  • DMCA
No Result
View All Result
  • Latest
  • Small Business
  • Markets
  • Politics
  • Companies
  • World
  • Jobs
  • Finance
  • industry
  • Economy
  • Forex

© 2020 Marketofbusiness.com

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

We respect your privacy and take protecting it seriously

wpDiscuz