In the year 2005, Rina Frank published the book “Every House Needs a Balcony”. In 2020 and thereafter, every office building needs a flexible workspace, not necessarily in the “WeWork” sense.
In the dynamic and incoherent situation of today, many companies, especially Fortune 100 companies, (every landlord wants to lease space to them) are considering and already implementing remote work, hybrid work of two days a week from home and are targeting office space for “average demand” of 60% occupancy. At the same time, they would like the landlord to give them a solution also for “peak demand” were more people will come to the office.
Landlords who wants to meet these requirements will need to create in their buildings about 20 to 30 percent of flexible workspaces, which will be used by the companies that populate the building, for shorter periods than the traditional contracts and for periods of days or months. This situation will give the companies the comfort they need and will create an advantage for the developer in populating the building.
Having said that, it’s time to think and redefine the term “my office” because part of it will be in the flexible workspace.
We will be happy to share with you our thoughts, knowledge, and years of experience in that field.
Big wins AY – Propertech Represented a client in a lease of 1,360 Sq. M office space in the center of Israel (Tenant Representation).
Israeli commercial real estate deals
ELECTRA REAL ESTATE LTD is buying portfolio of properties at Orlando, Florida for $64 million.
Commercial Real Estate Opportunities:
For sale 2,200M2 commercial building in Petah Tikva, in the center of Israel.
For sale two floors (2,300M2) out of five, in a comercial building in the center of Tel Aviv.
For Sale in Tel Aviv 600M2 floor, (one out of 4) + 13 parking spaces.
For lease, in Holon till 1,500M2 office space, high floors (flyer attached).
For lease, in Alon Tower Tel Aviv 156M2 office space, high floor, 5 rooms.
For lease, in Or Yehuda, 600M2 office space ready to occupy.
For lease, in Petah Tikva 1,700M2 office space ready to occupy.
For lease in Kadima, commercial units in a new neighborhood commercial center.
The purpose of this Newsletter is to update you with Commercial Real Estate information related to companies from Israel. The information contained herein does not constitute an opinion or professional advice. It is recommended to use the information detailed in this Newsletter only after consultation with the appropriate professional consultants from our office.
Propertech Real Estate is a commercial real estate boutique, a leader in providing professional and unique brokerage services for office spaces, logistics spaces, commercial buildings, brokering and negotiating investment real estate transactions, land, etc,
managed by Avi Gimpel and Guy Amosi.