Tel Aviv is a Grade A real estate hotspot for offices, offering a dynamic business environment and top-notch infrastructure. Its strategic location, modern office spaces, and vibrant atmosphere make it an ideal destination for companies seeking a prestigious address in the heart of the Middle East’s innovation hub.
© Shridhar Gupta (Unsplash)
Co-working Spaces
Whether you are hoping to rent an entire office or find an affordable shared space, Tel Aviv offers plenty of options to choose from. These shared office spaces provide a quiet environment with like-minded people. They are perfect for freelancers on the go and are usually located in a convenient part of the city. For individuals and small business ventures a coworking space is a perfect option. It gives the ability to scale up or scale down in team members, there are low set up costs due to shared infrastructures and a wide in-house community to network with, quite often links to in-house expertise, mentors and funding options. Below is a list of some Municipality Centers.
Real Estate Agent
One way to find an office is to retain the services of a real estate agent who will help you find an office that meets your needs. There are many agents available, so you may want to get a few quotes and ask around for recommendations. Prices are negotiable but standard commissions usually stand at 2% + VAT for office sales and the equivalent of a month’s rent + VAT for a rental office. Different real estate agencies may have access to different properties in certain areas, depending on various exclusivity agreements with the property owners. Real estate agents in Israel are licensed and you may ask to see your agent’s licence as proof of credibility. Please note that as is customary elsewhere, customers should commit to the first agent who introduced a particular office. When renting an office, note that there may be additional costs and fees depending on what is or is not included within the specific contract, such as maintenance fees and parking. Another option is to rent a space in one of the many co-working spaces in the city. Co-working spaces have several benefits: they are usually based on an all-inclusive plug-and-play model, eliminating the need for additional payments, utilities and bureaucracy. These spaces are fully equipped and furnished and offer immediate occupancy. In the past few years Tel Aviv has seen an unprecedented boom in the construction of luxury office towers on the Ayalon, Begin and Southeast roads, close to major transportation routes, as a result of the influx of international companies moving into the local high-tech market. These areas will serve as the epicenter of the innovation industry in the near future.
© Assaf Pinchuk
