• The second quarter of 2019 was characterized by an increase in prices in the office market.
  • The new projects are being populated at a high rate, leaving very few areas with significant space on the market.
  • Most of the areas in the new projects have been absorbed.
  • Construction of the Green Line and the Purple Line of the light rail began in this quarter.
  • Occupancy rate remains high at 94%, given the demand for Class A offices.
  • The limited supply of available space drove an increase in prices to an average of NIS 101/sq m.