Tel Aviv
GROSS
Space Measurement Standard
Space Unit of Measure
USD convert
- Convert currency to:
- ALL - Albanian Lek
- ARS - Argentine Peso
- AUD - Australian Dollar
- BRL - Brazilian Real
- BGN - Bulgarian Lev
- CAD - Canadian Dollars
- CLP - Chilean Peso
- COP - Colombian Peso
- CRC - Costa Rican colón
- HRK - Croatian Kuna
- CZK - Czech Koruna
- DKK - Danish Krone
- EGP - Egyptian Pound
- AED - Emirati dirham
- EUR - Euro
- HKD - Hong Kong Dollar
- HUF - Hungarian Forint
- INR - Indian Rupee
- IDR - Indonesian Rupiahs
- ILS - Israeli new shekel
- JPY - Japanese Yen
- MXN - Mexican Peso
- MAD - Moroccan Dirham
- TWD - New Taiwan Dollar
- NOK - Norwegian Kroner
- PAB - Panamarian Balboa
- PEN - Peruvian Sol
- PLN - Polish Zloty
- GBP - Pound Sterling
- CNY - Renminbi
- RON - Romanian Leu
- SAR - Saudi riyal
- RSD - Serbian Dinar
- ZAR - South African Rand
- SEK - Swedish Krona
- CHF - Swiss franc
- THB - Thai Baht
- TRY - Turkish Lira
- UAH - Ukrainian Hryvnia
- USD - US Dollars
- KRW - Korean Won
Financial Data Currency[1]
Yes
Transfer Taxes
Office Occupier Market Condition
Ease of Doing Business – How conducive is the regulatory environment to starting and operating a business. Source: The World Bank, Doing Business – 2018
Labor Cost – Wages for “Knowledge Workers”. Source: Trading Economics.com, OECD Wage Report, Colliers International
Taxes – Favorability of taxation policies to business. Source: The World Bank, Doing Business – 2018
Tenant Favorable – Assessment of the real estate market condition. Source: Colliers International
Typical Loss Factor
15%-25%*From rentable to useable square meters
Loss Factor Notes:
*Gross net ratioLandlord Concessions
Fit-Out Concession
Amount of Fit-Out Concession
$260/sm-$660/smTypical range of fit-out contribution.
Fit-Out Cost Notes:
Low figure: 1% annual recovery by rentRent-Free Period
Rent-Free Period Notes:
NegotiablePayment of Fees/Commissions
Lease Provisions
Lease Term
3yrs.-10yrs.Typical lease term in years.
Operating Expenses & Service Charges Included
Additional Charges
$5.4/sm-$7.5/smEstimated range for all additional charges per Square Meters.
Additional Charges:
Lease Fundamentals: The following apply to both office and industrial leases.
Lease Execution Requirements:
Requirements Notes:
Security deposit + bank guaranty (typically 6 months, but it depends on location, size of the project and is negotiable.There are some landlords that ask for 9 months or more as well.)Negotiated Subletting/Assignment
Landlord Consent: Typically, the landlord's written consent IS still required.
Negotiated Subletting/Assignment Notes:
In some cases, the landlord needs to approve the tenantStatutory Subletting/Assignment
Landlord Consent: The Landlord's consent is still required.
Blend & Extend Strategies
Statutory Early Termination
Negotiated Early Termination
Workplace
Regional Office Space
9sm-10smTypical Square Meters per employee (includes office square footage for employees and contractors).
Regional HQ Office Space
12sm-14smTypical Square Meters per employee (includes office square footage for employees and contractors).
Tel Aviv is a leading market in this category.
Desk Sharing
Urbanization of the workforce is: Equal to several other considerations driving location decisions
Industrial Occupier Market Condition
Ease of Doing Business – How conducive is the regulatory environment to starting and operating a business. Source: The World Bank, Doing Business – 2018
Labor Cost – Wages for “Knowledge Workers”. Source: Trading Economics.com, OECD Wage Report, Colliers International
Taxes – Favorability of taxation policies to business. Source: The World Bank, Doing Business – 2018
Tenant Favorable – Assessment of the real estate market condition. Source: Colliers International
Landlord Concessions
Fit-Out Concession
Rent-Free Period
Rent-Free Notes:
NegotiablePayment of Fees/Commissions
Lease Provisions
Lease Term
5yrs.-10yrs.Typical lease term in years.
Operating Expenses & Service Charges Included
Additional Charges
$2/sm-$4/smEstimated range in total for all additional charges per Square Meters.
Additional Charges:
Lease Fundamentals: The following apply to both office and industrial leases.
Lease Execution Requirements:
Requirements Notes:
Security deposit + bank guaranty (typically 6 months, but it depends on location, size of the project and is negotiable.There are some landlords that ask for 9 months or more as well.)Negotiated Subletting/Assignment
Landlord Consent: Typically, the landlord's written consent IS still required.
Negotiated Subletting/Assignment Notes:
In some cases, the landlord needs to approve the tenantStatutory Subletting/Assignment
Landlord Consent: The Landlord's consent is still required.
Blend & Extend Strategies
Statutory Early Termination
Negotiated Early Termination
Section 1. Fit Cost Data
Section 2. Scope of Work Description
Business Climate Business Climate data provided in partnership with Hickey & Associates. Rankings reported on a scale of 1 (least favorable) to 10 (most favorable). Please refer to the full report Explore 2017 for additional details.
Incentives and Labor Market
Incentives
Value potential, diversity/number of programs
Job Saturation
Competition for workers
Wage Inflation
Rise in wages (past 10 years, local currency)
Educational Attainment
HS Ed Eq
Proportion of population attaining this level
University Ed
Proportion of population attaining this level
Overall
Composite average of HS Ed Eq & University
Composite
Additive sum of incentives, saturation, overall ed attainment, and wage inflation