(Israel)
Israel is one of the world’s leading nations for innovation and technology. The country benefits from the presence of the world’s best research institutions geared toward the needs of the business sector. Israel is home to the most start-ups per capita in the world and second only to China in the number of foreign companies traded on the NASDAQ stock exchange. According to the Organization for Economic Cooperation and Development, Israel is the fourth best target for foreign investment among its 34 member countries.
At the center of Israel’s economy is Tel Aviv, a tech hub seen as second only to Silicon Valley in terms of its start-up ecosystem. The commercial real estatemarket within Tel Aviv can be divided into 5 major areas: “The City”- Rothschild Boulevard and surrounding area, Tel Aviv- North area, Tel Aviv- South area, Tel Aviv- East area, Tel Aviv- City Center area.
- “The City”- Rothschild Boulevard & surrounding area
- the area from Habima Theater Hall in the North to the high rises office buildings along the Tel Aviv boardwalk in the South-West
- Financial District
- global banks
- Israeli stock exchange
- investment companies
- high-end residential condos
- Tel Aviv- North area
- home to media and high tech companies
- currently considered a “trendy” area
- commercial activity revolves around the “Ramat Ha’hayat” neighborhood
- additional office high rises currently under construction
- municpal upgrades (access to a major highway) taking place
- Tel Aviv- South area
- oldest part of the city
- many re-builds and renovations under way to convert older buildings to loft-style commercial space
- offers potential for investment as prices are still reasonable relative to other areas
- Tel Aviv- East area
- main streets are Hamasger Street to the West and Yigal Alon Street to the East and the area centers on Ayalon highway
- office space ranges from fancy towers (i.e. Azrielly Towers) to low rise functional buildings.
- great commuting benefits given its proximity to a major highway and national railroad route
- Tel Aviv- City Center
- mostly a residential area
- office space in the form of converted apartments or ground floor level residential buildings
- rental prices for commercial space are exceptionally high given the current supply/demand situation
Cargotts Consulting LLC Provides The Following Services In Tel Aviv’s Commercial Real Estate Market:
- Due Diligence
- building integrity & history
- current owners
- landlords
- tenants
- investors
- Sourcing Properties & Spaces
- finding unique buildings & spaces for investment
- restoration projects
- conversion projects
- residential to commercial
- commercial to residential
- single unit to multi-unit
- land development
- finding unique buildings & spaces for investment
- Construction Management
- ”on the ground” staff will oversee planning & construction
- daily updates for clients
- work with affiliated maintenance crews to keep properties in pristine condition
- provide cost estimates for repairs and upgrades
- ”on the ground” staff will oversee planning & construction
- Lease Negotiations
- tenants
- landlords
- investors
To see how we can help you grow and achieve your goals in Israel!