If everything is shared then let's share something else

The planning and construction regulations limit by law the number of parking spaces for a new office building located up to 300 square meters from a high-passenger public transportation system, to one parking space per 240 square meters. In other words, an office floor of 1,200 square meters will receive only 5 parking spaces (today about 35), usually for the benefit of the CEO, his personal assistant and 3 VPs.

The HR departments are crying

With the goal of encouraging the use of public transportation (TAHBAC), the regulations preempted reality and created a situation of a shortage of parking spaces, before the creation of transportation solutions and caused tension between tenants and property owners. In almost every rental transaction, especially for areas over 5,000 square meters, the main challenge is providing A solution to the issue of parking and parking management, a challenge that burdens and extends the duration of the negotiations. (Also the issue of a sign on the building, but that's for another post).

The hybrid work / from home has created an interesting reality in the matter of parking as well. Basically, a company that works 3 days from the office does not use its garages 2 days a week.

A relatively simple application, an LPR system (smart parking lot control) and an initiative, will create co-parking in parking lots and will practically make the parking lot work more efficiently and increase the "ideal supply" of parking lots in a way that is enjoyable and not lacking.

The municipalities, for their part, recognize the problem and the delay in the implementation of the law and are building large public parking lots in the centers of the industrial areas that serve as a substitute for the parking lots in the towers and are a profitable asset for the municipality.

Commercial real estate in Israel

Rani Zim Shopping Centers Ltd. agreed in the memorandum of understanding for the sale of a project in Paradis, with a total area of approximately 6,100 square meters, approximately NIS 13.8 million (for reporting).

Commercial real estate overseas

A subsidiary of Isrotel Ltd. has signed an agreement to purchase a hotel property in Rome with 130 guest rooms, approximately €68,00,000 (to be reported).

Real estate in the headlines

Alto leased a logistics center in Dallas to the Japanese motorcycle giant Kawasaki for NIS 45 million for five years (Themarker).

Reit 1 will invest NIS 300 million in a commercial and industrial park in Ashkelon (Calcalist).

Guy is sure: after the war ends there will be a "boom", and this is the sector that will be positively affected (Globes).