Tel Aviv Office MarketView Q4 2021

‒In this quarter, the first-tier cities led in the increase in rents in the office market: Tel Aviv - 13%, Herzliya - 6%, Ramat Gan - 5%.

‒A decrease in the quarterly and annual yields in the office and logistics markets was recorded.

‒Retail market rents remain stable over the course of a year: the restrictions we have experienced and the uncertainty about the future make it difficult for the market to recover.

‒The fact that the market has not yet returned to pre-COVID employment levels may indicate the potential for continued growth in the economy.