Just as the Lebanon arrangement agreement faces its test, so does Elon Musk's recent Wall Street Journal op-ed calling for U.S. federal workers to return to offices. Both situations are about to face reality checks in the coming days.

Musk argues that remote work is a "COVID-era privilege" and that workers should return to a five-day office week to reduce waste and increase efficiency. But here's where it gets interesting…

Remote work has become deeply rooted in industry since the COVID outbreak in 2020, and those who've discovered its "magic" are resistant to returning to a full office week. Moreover, from my meetings with Chief People Officers in Israel, and conversations with Avison Young professionals worldwide, it's clear that the office return challenge requires constant creative thinking. What works to bring employees back today (chef-prepared lunches, sunset yoga, kickboxing classes) quickly becomes tomorrow's standard, creating a never-ending need for innovation.

I'd like to think that returning to the office depends on leadership abilities and company management charisma, but realistically? That train has left the station. Returning to 2019's work patterns seems unlikely, and we need to adapt accordingly.

Commercial real estate in Israel

A subsidiary of Mahadrin Ltd. in negotiations for the sale of 40% of its rights in real estate in an area of approximately 32 thousand square meters in Netanya for NIS 82.4 million. In the first phase, the parties will work to establish a joint project with an area of approximately 106 thousand square meters.

A subsidiary of Zvi Zarfati and Sons Investments and Construction (1992) Ltd. entered into an agreement for the sale of office units with an area of approximately 1,419 square meters in the "Metro Rishon LeZion Ayalon Complex" project for approximately NIS 16.3 million.

Commercial real estate overseas

Hertz Properties Group Limited entered into an agreement to sell the company's property located in Lake Charles, Louisiana, for approximately $2.9 million.

A foreign subsidiary owned by Lahav El. R. Real state Ltd. has completed a transaction for the purchase of an 8,900 square meter yielding real estate property in Eching, Germany.

Real estate in the headlines

Heartfelt congratulations to our friend Ron Avidan on his appointment as CEO of the Azrieli Group (Themarker).

From Leora Ofer to Yitzhak Tshuva Answer: Everyone wants to buy residential real estate and they have a good reason (Globes)

Elon Musk's first decision in the administration "We will eliminate remote work" (Calcalist)

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