An interesting story. About a month ago, our Client A was looking for a storage and operating space of about 2,000 Sq. M, located in the center of Israel. We offered him a beautiful logistics space, fitting his demands, in Yavne. After visiting the asset, we asked for and received an agreement. However, the landlord noted, with a smile …” first come, first served”… Client A’s legal department delayed (by a reasonable 5 days = 120 hours) and when were ready to move forward, 1,000 Sq. M of asset was already taken by another company.
Our Client B was looking for about 1,000 Sq. M for storage, so this past Tuesday we scheduled with the landlord to come and see the 1,000 Sq. M remaining from Client A’s story. On Thursday (a mere 48 hours later), when we arrived to the site, the landlord showed us a line on the floor, where he will build a fire wall leaving only 280 Sq. M. from the asset. As, during the interim 2 days, 720 Sq. M were signed with another client
Of course, we found other spaces for both clients, but this is a small taste of the “fire” burning in the world of storage, logistics and operations throughout the country.
And another point of interest – the rental prices for spaces, such as the one in Yavne, are in the range of ILS 40+/ Sq. M /month for an asset approximately 6 M high.
By comparison, today we can procure very decent offices, ready to occupy, in the most prestigious buildings in BBC (Bnei Brak’s business district), in the price range of ILS 40-50/ Sq. M/month .Avison Young creates real economic, social and environmental value, powered by people.
Israeli commercial real estate deals
SUMMIT REAL ESTATE HOLDINGS LTD is buying a 336 rooms hotel at Time Square.
BRICKS PROPTECH INNOVATION is a unique innovation center focused on Real Estate innovative technologies. We leverage our in-depth knowledge and experience of the Proptech ecosystem to handpick the most promising smart Proptech startups and enhance their business with strategic guidance
SPAC- Wall street’s latest hot trend drives Proptech (LinkedIn).
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 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.
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.