Peak demand for Logistics & Storage spaces, the long-time darling of commercial real estate, even before the pandemic.
With continued social distancing and work from home, about 15% of the retail demand moving online and companies reducing office spaces, prices are falling in these sectors, while the demand for industrial and logistics areas are increasing and accordingly prices.
What exactly are the criteria for a winning logistical location? In one word – closeness. Proximity to cities, main longitude and latitude roads, air and seaports and train stations – transport is the backbone of logistics and its primary cost.
The future for logistics is better today than it was before Covid-19 and the main reasons for this are: shortage of available quality spaces, increase in need for storage due to the dramatic increase in online purchases, driven by the pandemic, and increase in need for full storage of medical equipment, medicines, respirators, etc.
The logistic and storage rent prices are constantly increasing and are getting closer and closer to the offices prices as it gets closer to the city centers. Accordingly, the purchase prices.
We at Avison young – Propertech are very busy these days dealing with this sector of the industry and handling all types of demands – from a few hundred Sq. M for garages and supply areas in Gush Dan to thousands of dunams in the north and south of Israel.
We will be happy to share with you our experience and knowledge in this field, in Israel and abroad.
Big wins AY – Propertech Completed a lease process of Supermarket in the center of Israel (Brokerage).
Israeli commercial real estate deals
EFI (AFRICA ISRAEL PROPERTIES LTD) is buying 4 A class office buildings in Romania for €300 million.
MISHORIM LTD is buying the Plaza Holiday Mall near Tampa Florida, for $8.5 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.