Office tower parking prices rise in Tel Aviv as rents fall
Parking prices have been rising even though office rents have been falling and the Tel Aviv light rail was due to start operations.
Source: globes.co.il
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Parking prices have been rising even though office rents have been falling and the Tel Aviv light rail was due to start operations.
The biggest fall in office rents over the past year was in the Yigal Alon Street district where rents fell 25%, Newmark Natam Real Estate Services reports.
Tel Aviv real estate experts say the market is at a crossroads with Israeli companies sitting on the fence over new deals.