Half Yearly Review - H2 2015

Reviews / Half Yearly Review - H2 2015
Half Yearly Review - H2 2015

The Azrieli Business Center in Holon is already considered a success story in it's initial stages. In this issue, we heard from the Azrieli Group's office managers and Azrieli Holon park managers about the causes and factors they believe have made the park a success and the significant change it made to the area, not only as a business area, but also as a place of recreation and leisure.


Our research department continues to monitor the practiclity of investing in income producing real estate. Given the zero interest rate until the end of the first half of 2016 and a moderate gradual increase, if at all, by the end of 2016, we find that the practicality of investing in yielding real estate continue to rise, albeit moderately than in the past.


Herzliya breaks another record in office rental prices, clinging to prices of luxury buildings in Gush Dan. Our review of the employment areas around Tel Aviv in the second half of 2015 also points to rental prices increase in Ra'anana. The rates in the neighboring towns - Kfar Saba and Netanya - continue to trudge behind.


The City's CBD routes show a significant jump in rental prices and stable occupancy rates. It turns out that the high level of prices in Herzliya, also affected Tel Aviv, despite the light rail project.

 

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