How did the situation of office tenants improve following the entry of new players into the field?

[:he]Until 2007, most of the office buildings were owned by entrepreneurial companies. The entry of new investors into the industry changed the balance of power and improved the status of office tenants. Why and how? Yair Levy on a change that improved the situation of tenants in office buildings In the last decade following a revolutionary change in the nature of the ownership of the office buildings, the position of the tenants in the process of negotiating the terms of the lease was strengthened. What was the change and who is the main beneficiary of it? The monopoly of entrepreneurial companies in office buildings Until 2007, most of the office buildings in Israel were owned by entrepreneurial companies – that is, each building was fully owned by one company, and the rent for a square meter of office space in building x was set at a certain price and without much flexibility, And this is to maintain the value of the building. Changes following the entry of private investors The change in the industry began with the entry of private investors into the field. These investors began to join purchasing groups, and set up office buildings – each investor has office space according to his investment, and he manages it as he sees fit. And so, instead of a fixed price per square meter in a certain building, the tenant faces more possibilities. The competitive market created due to the entry of the private investors, an investor who is forced to rent his property, will offer a lower price since he can afford to wait until he finds a tenant who is willing to pay more. And the tenants, come out hired from all directions since the multitude of alternatives gives them a significant advantage when conducting negotiations. Remember, renting offices in a building owned by a suitable purchasing group gives an advantage to companies that need an area of up to 1,000 square meters, those who need larger areas will find it difficult in these buildings to get a succession of space and a single owner.[:]