JLL Israel Says Shared-Space Loading in New Office Towers Often Nears 30%

JLL Israel CEO Yaniv Lotringer said the area billed to office tenants generally includes shared-space loading of 20–25% in older buildings and often approaches 30% in new towers. He put loading at roughly 35% in some ToHa 2 spaces in Tel Aviv, 23% in some new Haifa towers and 20% at InGreen in Petah Tikva. The loading concerns the difference between usable and billable area, rather than a percentage of rent. Lotringer said Israel lacks a completely uniform gross-to-net measurement method, and management fees and some other charges may also be calculated using gross area.