Natam’s Report – First Half of 2021

Insights from NATAM Report, No. 47 – first half of 2021

General Trends

office Market

Along with the development of vaccines and as life has begun resuming normalcy alongside the pandemic, there has also been a return of demand for office rentals, particularly by high-tech, startup and established international companies. This demand is particularly evident in the Class A office market in Tel Aviv, which has demonstrated an increase in occupancy rates and asking rental prices.

Industrial/ Logistics Market

The positive trend in recent years of rising demand has continued and became even more significant during COVID-19. A continued increase in demand is evident in a number of main fields: server farms, retail and fast food, medical products and pharmaceuticals, as well as retailers that operate e-commerce platforms.

Commerce

The prices of commercial assets reflect a return of approximately 6%-6.5% in central urban locations and in neighborhood centers, and a return of approximately 7% in secondary urban locations.

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