Market Report -- Tel Aviv Israel

Market Research

Properties

Tel Aviv Israel

Metropolitan Area Economic Overview
Calculations for all indices were provided by SRC, LLC

Market Research provided by NAI Yair Levy Strategy
Last Updated: 26-Oct-2010

* Click on each category for a detailed definition.

	Rent/M2/Month			RENT/SF/Year
	Low	High	Effective Avg.	Low	High	Effective Avg.	Vacancy	Investment Yield
Downtown Office
New Construction (AAA)	NIS 100.00	NIS 130.00	N/A	$ 31.23	$ 40.60	N/A	10.0%	7.3%
Class A (Primary)	NIS 90.00	NIS 120.00	N/A	$ 28.10	$ 37.47	N/A	8.0%	7.3%
Class B (Secondary)	NIS 65.00	NIS 75.00	N/A	$ 20.30	$ 23.42	N/A	10.0%	8.0%

Suburban Office
New Construction	NIS 75.00	NIS 80.00	N/A	$ 23.42	$ 24.98	N/A	25.0%	8.2%
Class A (Prime)	NIS 65.00	NIS 70.00	N/A	$ 20.30	$ 21.86	N/A	14.0%	8.2%
Class B (Secondary)	NIS 45.00	NIS 50.00	N/A	$ 14.05	$ 15.61	N/A	15.0%	8.2%

Industrial
Bulk Warehouse	NIS 34.00	NIS 38.00	N/A	$ 10.62	$ 11.87	N/A	15.0%	8.5%
Manufacturing	NIS 28.00	NIS 30.00	N/A	$ 8.74	$ 9.37	N/A	15.0%	8.5%
High Tech / R&D	N/A	N/A	N/A	N/A	N/A	N/A	N/A	.0%

Retail
Downtown (High Street Shops)	NIS 130.00	NIS 160.00	N/A	$ 40.60	$ 49.96	N/A	5.0%	8.0%
Neighborhood Service Centers	NIS 140.00	NIS 170.00	N/A	$ 43.72	$ 53.09	N/A	N/A	8.0%
Community Power Center	NIS 80.00	NIS 90.00	N/A	$ 24.98	$ 28.10	N/A	N/A	8.2%
Regional Malls	NIS 80.00	NIS 100.00	N/A	$ 24.98	$ 31.23	N/A	N/A	8.3%
Solus Food Stores	N/A	N/A	N/A	N/A	N/A	N/A	N/A	.0%

Development Land	Low/ M2	High/ M2	Low/Acre	High/Acre
Office in CBD	NIS 3,000.00	NIS 3,500.00	$ 3,400,724.93	$ 3,967,512.42
Land in Office Parks	NIS 2,000.00	NIS 2,400.00	$ 2,267,149.96	$ 2,720,579.95
Land in Industrial Parks	NIS 1,200.00	NIS 1,600.00	$ 1,360,289.97	$ 1,813,719.96
Office/Industrial Land - Non-park	N/A	N/A	N/A	N/A
Retail/Commercial Land	N/A	N/A	N/A	N/A
Residential	N/A	N/A	N/A	N/A

Conversion 3.57NIS = 1 US$

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