Urban Focal Points and Design Quality Influence Rents: The Tel Aviv Office Market
Israel is steadily shifting towards a services-heavy economy. The city of Tel Aviv, which specializes in commercial, business and financial services, is the countryâ€™s office-space capital. This study aims to reveal the factors influencing rent levels within Tel Avivâ€™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.
Volume (Year): 16 (1998)
Issue (Month): 2 ()
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