1、MarketOutlookH1 2023ISRAELCBRE RESEARCHREPORTNational Outlook 2023 CBRE,Advisory Ltd.Real Estate Market Outlook 2022|IsraelContentsOverview of The Commercial Real Estate Market in Israel01The Economic and Business Conditions in Israel02Capital Market03The Hi-Tech Sector04Income Producing Real Estate

2、06Storage and LogisticsRegional Overview LogisticsAshdodModiin/ShohamCaesareaHaifa07Retail Market05Office MarketRegional Overview Office SpaceTel AvivRamat GanPetach TikvaHerzliyaRaananaBnei BrakHolonJerusalem01National OutlookThe Economic and Business Conditions in Israel0.002.004.006.008.0010.0012

3、.0001-202003-202005-202007-202009-202011-202001-202103-202105-202107-202109-202111-202101-202203-202205-202207-202209-202211-202201-202303-202305-2023Medium-Sized BuisnesesBig-Sized BuisnesesMicro-Sized BuisnesesSmall-Sized BuisnesesOther ConsumersThe Economic and Business Conditions in Israel4 2023

4、 CBRE,Advisory Ltd.CBRE RESEARCHTheKeyStory:The ProtestAgainstJudicialReformThroughout the first 6 months of 2023,a social protest against the Governments proposed judicial reform,has been taking place.This protest movement has produced a number of effects on macro conditions in Israel,for example:r

5、eports of a drop in the scope of investments by foreign investors,the transfer of money out of Israel,publication of warnings by credit rating agencies,regarding the possible consequences to the local economy and so forth.During the first half of the year,the Israeli shekel weakened vis-vis the Doll

6、ar and the Euro,from a rate of 3.5 and 3.75 year end 2022 to the rate of 3.7 and 4.01 respectively in the month of July 2023 and foreign exchange trade in these currencies has been characterized by great volatility.Market Outlook H1 2023|ISRAELChange in the Average Interest Rate on Bank Credit-in th