A religious and historical epicenter of the world, Jerusalem is an ancient city of the Middle East, which, since 1967, has been wholly under the rule of the State of Israel. One can not underestimate the religious and historical significance of the region. Still, beyond it, Jerusalem nowadays represents itself as the capital of modern Israel and as an advanced and vibrant city. If you are in for business in this part of the world, the commercial real estate in Jerusalem is an asset to have, and here is why. The rent of the business premises puts you to the political and scholarly hub of the country and the area that boasts a growing tech community. The city has recently become a thriving center of the biomed and cleantech industries, mobile startups, accelerators, etc. The development of the service-based economy has significantly boosted the growth of interest in commercial real estate in Jerusalem. Many statistics indicate the economic growth of the city. Here belong the relatively steady and low unemployment rates, the increase of income, diversification of the job market, etc. Since the establishment of the State of Israel, the major player of the local economy is the governmental sector. Nowadays, it doesn't only generate a large number of jobs but also supports new business initiatives and offers subsidies to startups. Thus, if you are in businesses such as hi-tech, tourism, education, public services, etc. - the rent of the commercial real estate in Jerusalem may become a pretty good decision to take in this rapidly developing world.
