Market Size of Israel Commercial Real Estate Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 6.12 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Israel Commercial Real Estate Market Analysis
The demand for real estate sector in Israel remains relatively stable and was growing at a decent pace during the historic period of 2015-2018. According to the data by Israel’s Central Bureau of Statistics of Israel, the construction area for commercial properties involving varied business services had maximum approval compared to hotels. Israel REITs – REITs are yet to make an impact on the commercial space demand, unlike that in residential area.
- In the industrial segment, hi-tech and biotech industries areexpanding at a rapid rate every year.
- Israel is second only to the US Silicon Valley in the hi-tech sector, and has the largest number of NASDAQ-listed companies outsideNorth America.
- Israel is considered to be the leader of the world's high tech developments, with the presence of multiple hi-tech companies that excel in computer technologies, semiconductors, and communications.
- Retail real estate segment registered a moderate NOI growth of about 0.5-1% lower than that of previous years, owing to the rise in the ecommerce sales shifting from the traditional brick and mortar set ups.
