- The supply of offices that entered the office market in Tel Aviv during 2017, which had an evident impact on the market
during the second half of 2017, continues to have an impact during the first half of 2018; the average occupancy rate
in Class A office buildings in the Tel Aviv area increased, as did the average rental price. It is expected that the trend of
rising occupancy rates in Class A buildings shall continue, however in a moderate manner.
• The high occupancy rates in the Class A office building market in Ra'anana and Herzliya are expected to remain high for
the next 3-4 years. The currently existing land reserves in these areas are only expected to become occupied in 5 years.
• The upward trend of the prices of industrial and logistics lots, which partially derived from the quick growth of
E-commerce, also continued during the beginning of 2018 and is expected to also continue during the second half of
First half 2018
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