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"20 percent of the built-up area in offices must be studio apartments"
Jackie Mukamel, chairman of CBRE Israel, comments on the growth of high-tech and biotech companies: "Local authorities, the Ministry of the Interior and the Ministry of Employment must approve for developers who build the new office towers 20% of the area for building studio apartments for workers."
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Thursday, 02 December 2021, 08:58
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The large recruitment of high-tech companies from Israel and abroad requires a new reality, in which some of the workers will live close to the workplace, especially in the Tel Aviv and Gush Dan areas, according to Jackie Mokmel, chairman of CBRE Israel.
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"Local authorities, the Ministry of the Interior and the Ministry of Employment must approve the developers who build the new office towers that about 20% of the built-up area will be studio apartments for workers," said Mukamel. Some of the employees will live close to the workplace, especially in the Tel Aviv and Gush Dan area.
"The integration of residential apartments for employees in office towers is the booster that will give high-tech companies to rent offices in peripheral areas as well, and will give great impetus to the construction of office towers outside Tel Aviv."
According to Mukamel, this move will also lead to a reduction in rents for the residential units in the office towers, and many companies will also participate in the rents for employees, thus strengthening the employees' relationship with the companies: "In order to give a significant boost to bringing thousands of apartments to the rental market and significantly reduce the demand for apartments for rent. "
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