WEBINAR: Israel’s Commercial Real Estate Market - August 2021
Almog Saadi • 05/08/2021
We at Cushman & Wakefield Inter Israel are constantly searching for answers to the question: What will be the future of the office space?
We employ our professional insights and our ongoing market research in order to gain a picture of the market, and are always in tune to what our fellow industry professionals share. In order to further this discussion, we held a Webinar with the purpose of sharing our recent findings regarding the office market, and with the goal of providing tools for attendees to be able to foresee and imagine the future of the market in the upcoming years.
The webinar was led by our Co-Managing Partner Yoram Blumenthal and our Partner and Head of Capital Markets Ofek Gabai. Both shared their unique points of view on the market and on its future moving forward.
View the recap:
We at Cushman & Wakefield Inter Israel are always busy researching and understanding the future of Israel’s commercial real estate market.
As part of our quarterly InterNews H1 market research, we analyze and research the most updated studies of both our colleagues and local and global industry professionals. On Thursday the 8th of August 2021, we held a Webinar with the purpose of sharing our recent findings regarding the office and logistics market. Our goal was to provide tools for attendees to be able to foresee and imagine the future of the market in the upcoming years, and allow them to ask any questions they had regarding our research.
The webinar was led by our Co-Managing Partner Yoram Blumenthal and our Partner and Head of Capital Markets Ofek Gabai, joined by Dr Rina Degani, Chairman of the Geocartography Knowledge Group and Advocate Shahar Ben-Ami, Founding Partner of Charcon, Ben-Ami, Asher & Co.
One of the biggest takeaways presented from the research is how the office market in Tel-Aviv is experiencing a major post-pandemic rebound with soaring prices in average rent. However, the office market in Central Israel’s Commercial Areas is experiencing stability, with only slight increases in average rent prices. The new records in the Israeli Hi-Tech capital raising are creating unprecedented consequences on the Tel-Aviv office market, and in juxtaposition, to past years the biggest companies with demand for offices are not global but Israeli Tech brands. Israeli tech companies raised a total of $11.9 billion in H1 of 2021 alone, in comparison to $10 billion raised in all of 2020 and $8 billion raised in all of 2019. The office market is yet again profiting from a zero interest rate and a lack of alternatives for investment.
In addition, we presented our Office and Logistics Market supply and demand analysis, and tackled together with the question “What is the future of Work From Home in 2021 and moving forward?”. We invite you to learn more & gain further insights by watching the Webinar below (in Hebrew). We would like to thank again all those who joined us, and we look forward to seeing you all and more in our upcoming Webinars!