The office space market is recovering quickly after a five-year low, and prices are rebounding to the peak levels of 2000.
One extreme example of the this is the deal that Meshulam Levinstein Contracting and Engineering Ltd. is about to sign; Levinstein will lease the top two floors, the 30th and 31st, of the Levinstein Tower (also called Discount Tower) on the corner of Yehuda Halevi and Herzl Streets in Tel Aviv, to two US investment houses, for a record price of $27 per sq.m., per month, the likes of which have not been seen since the heady days of 2000.
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