• The fourth quarter of 2019 closes a year of rising rental prices in the Tel-Aviv office market, as opposed to stable rental prices in second tier cities.
  • In this quarter, the volume of activity was high compared to the previous one, which included the summer season.
  • Most of the space in the new projects has been absorbed.
  • This quarter, the construction of the Green and Purple Lines of the light rail continued.
  • The occupancy rate reached 95% owing to the reduction of supply in the new projects.
  • Prices in Tel-Aviv continued to rise to an average of NIS 103/sq m.
  • In the course of 2019, the average yield in the office market dropped by 50 basis points, from 7% at the beginning of the year to 6.5% at the end.