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Will the light rail revive the office industry? - Walla! Real estate

2023-01-01T09:57:49.150Z


Since the corona, more and more workers admit that they prefer to work from home; On the other hand, the light rail will soon leave for its first trip in Gush Dan. Faced with these factors, what does the future of the office industry hold?


Orbach Halevi Architecture, Nvidia offices (Photo: Yoav Peled)

Has the corona virus been left behind and its effect on the industry expired?

Is the light rail's impact on the industry already evident today?



We asked leading architects and interior designers who specialize in the office industry:



"The physical space of the office cannot be obtained at home. Our human nature is a talisman for contact, people and physical friction. This is something that has not changed and may not change," says Noam Moskal, architect-associate at the Orbach office Halevi, who is responsible, among other things, for the design and planning of some of the most important offices in the economy.

Orbach Halevi Architecture (Photo: Uzi Porat)

"Our memory is long-term and does not begin with Corona, but long before it. Israeli start-up companies are experiencing meteoric growth. The construction boom is not catching up with demand, many companies are having trouble finding office spaces that supply them. Despite the crazy construction, the supply is not catching up."

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Noam Moskal, architect associate at Auerbach Halevi Architects (Photo: Tomer Shemesh)

Furthermore, Moskal says, "In terms of the light rail, it is difficult to predict the future. On paper, of course, the train will make it easier and help employees get to their offices in Gush Dan and Tel Aviv. However, I believe that the train will also cause demand to rise dramatically, and they will only get stronger and we will once again reach a situation of undersupply." .

"The hybrid work has not proven itself"

Interior designer Karen Reuveni, from Reuveni Interior Architects, which specializes in medium-sized offices, claims that offices are making a comeback in a big way: "During the Corona virus, there was a fear that the office industry would come to a halt. However, in fact, offices continue as usual. This is a very strong market. The hybrid work has not proven itself, and there is a desire A dare on the part of the employee to go out."

TELMA TRAVEL offices - Reuben Design Interior Architects (Photo: Nitzan Hafner)

"As a result, the investment per square meter in medium-sized offices is increasing.

Hi-tech brought and continues to bring prosperity in investing in office design.

We are approached by companies that want to upgrade and design an up-to-date office with innovations and desires that usually come from the high-tech industry."

Karen Reuvani, Reuvani Interior Architects (Photo: Sharon Dotan)

Referring to the light rail, Reuvani explains, "The light rail will help with the areas that are near it, around which "strong" commercial and employment centers are located and will be located, they are probably also the most expensive."

The pendulum will return to its place

"In 2020 I was asked where I think the job market is going and I replied that in my opinion nothing will destabilize the sector and the pendulum will return to its place. I was not 100% right, in practice there is much more work from home and the yielding real estate is still at its peak, all the projects that were frozen at the time have been unfrozen and projects have even been added Many more," explains architect Tali Darel, a partner in V5 Architects.

Gindi Sales Office in the Park, Reuveni Architects (Photo: Nitzan Hafner)

"Following policy changes, many large companies allow their employees to work several days from home, but not all industries are suitable for hybrid work, and in any case it does not seem that these trends have harmed the industry. In my opinion, the great demand we feel in construction for employment needs is a product of growth."



"After a long period of uncertainty, the corona virus would have largely disappeared, many industries are experiencing a boost. The spikes in the last year surprised us too. Entrepreneurs who froze commercial and employment projects, thawed them and encouraged us to promote projects to meet the great demands."

Architect Tali Darel, V5 Architects (Photo: Sam Jacobson)

Furthermore, Darel says, "As an architectural firm, which plans a large variety of uses - residences, employment, infrastructure, and more - we are a sort of litmus test for the economy. During the Corona period, projects for employment buildings decreased and even stopped. On the other hand, infrastructure, education and community projects accelerated while In the residential sector, we hardly felt any change. Now the construction sector for employment, logistics warehouses and trade are thriving. At the same time, I believe that the train moving at record speed will slow down, and then the trend will return and moderate. It should be remembered that even before the Corona crisis there was a surplus of office space and we have already felt some kind of slowdown It is not impossible that we will return there, I am not a prophet but the simple truth is that everything is dynamic."

"The HOT SPOT model that is successful in the world did not succeed for the Israeli worker"

According to architect Marina Rechter Rubinstein, owner of ReMa Architects, if the thought was that even after the end of the corona crisis most companies would find it appropriate to continue to employ workers from home, then in retrospect this is simply not true: "There is no substitute for physical proximity, group discussion and brainstorming, and therefore the work environment The 2022 model is very similar to the one we knew before the crisis. Even the companies that switched to a hybrid model did not actually reduce office space, and even if they did, it was not a significant amount. In any case, it is important to remember that this is a model that is suitable for relatively few companies in the economy.

Rema Architects - Marina Rechter Rubinstein (Photo: Lior Teitler)

"The HOT SPOT model that is successful in the world has not succeeded for the Israeli worker. We all aspire to our own private corner, even if we use it three days a week and not five as in the past. The captains of the companies understand this, and this is another reason why office spaces have not actually been reduced, even in companies that keep on the full or partial hybrid model".

Architect Marina Rechter-Robinstein (Photo: Tal Ayalon (2))

"At the same time, there also seems to be a certain increase in the demand for working in shared spaces. During the crisis, quite a few small independent businesses were opened that are still building themselves. On the one hand, it is not a big enough business to rent an office, and on the other hand, the employees, even if it is 2 or 3, need a work space shared".

Rema Architects (Photo: Amit Gosher)

"We also see an increase in the percentage of companies that renovate and adapt their offices, those companies that renovated a decade or more ago and are now interested in creating an up-to-date, comfortable and inviting work environment for their employees - one of the best tools to retain a dedicated and professional workforce."

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Source: walla

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