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| Urban Focal Points and Design Quality
Influence Rents: The Tel Aviv Office Market Author: Daniel Gat Start Page: 229 Abstract: Israel is steadily
shifting towards a services-heavy economy. The city of Tel Aviv, which specializes in
commercial, business and financial services, is the country’s office-space capital.
This study aims to reveal the factors influencing rent levels within Tel Aviv’s
expanding office market. The research confirms that important contributors are access to
any of three major urban foci and the quality of building design. Lesser contributors are
building height and floor area. Age of building and area-wide density of manufacturing are
detractors of value. Density of services was originally intended to stand in for
face-to-face facilitation. However, its estimation power is disappointing when compared to
foci access. |
