The Olam
The Israeli Cyber Cohort

Defense Tech Is Absorbing Israel's Office Towers — The Tenant Map

By The Olam Editorial Team · Jul 9, 2026

Defense Tech Is Absorbing Israel's Office Towers — The Tenant Map

Defense and cyber firms leased 140,000+ sqm of Israeli office space in H1 2026, up 32%. Olam mapped 63 named tenants across 13 hubs — Rafael, Wiz, Palo Alto, Elbit — the towers, landlords, and lease values.

Edited on Jul 9, 2026

Israel's office market has a new anchor tenant class — and it is not high-tech. Defense and defense-adjacent cybersecurity firms leased more than 140,000 square meters of Israeli office space in the first half of 2026, up 32% from the previous six months, according to Colliers Israel. Another 145,000 square meters sit in active demand — roughly 30% of the country's live office demand. Sixty-two percent of the transactions closed in the greater Tel Aviv metropolitan area — Tel Aviv, Petah Tikva, Ramat Gan, Bnei Brak, and Holon.

This is a structural repricing of Israeli commercial real estate. It is also a rare window into which private companies are scaling behind Israel's post–October 7 defense expansion. Olam mapped 63 named defense, cyber, and defense-adjacent tenants across 13 hubs — the towers they occupy, the streets they sit on, the landlords collecting the rent, the floor allocations, and the annual lease values where disclosed.

Why This Map Does Not Exist Anywhere Else

Colliers Israel, Avison Young Israel, Natam, and 770 Offices publish aggregate market reports every six months — total square meters leased, average rent per hub, defense's share of demand. They do not publish tenant lists. IVC Research Center and Duns 100 sell company databases with headquarter cities but not tower-level mapping. Start-Up Nation Central's Finder is filterable by sector but stops at municipality. Wikipedia entries for the major landlords list a few anchor tenants but nothing systematic. Calcalist, Globes, TheMarker, and Ynetnews cover individual leases as news events — a scoop about Wiz at Landmark, a scoop about Rafael at Cosmopolitan — but nobody has consolidated the picture in English or in Hebrew.

That is what this piece is. What follows is the full address book of the Israeli defense-tech tower market as of July 2026.

Rafael's $150 Million Move Into Tel Aviv

The largest single defense-tech real estate transaction of the year is Rafael Advanced Defense Systems — the state-owned developer of Iron Dome, David's Sling, Trophy, and Spike — purchasing 6.5 floors of Cosmopolitan Tower 1 at the intersection of HaMasger Street and Yisrael Tal Street in Tel Aviv's emerging Yitzhak Sadeh district. The transaction was executed through the Israel Land Authority process and is worth NIS 521 million (approximately $150 million). Rafael's Tel Aviv development center will vacate the Horodetsky complex, which developer Rothstein Real Estate is redeveloping for residential.

Cosmopolitan is the product of a developer consortium: Acro Real Estate + Phoenix Holdings + City Boy + Shevet Moshe Properties. Phase 1 delivers a 100,000-square-meter office tower and a mixed-use residential tower on adjacent parcels. Rafael's arrival makes Cosmopolitan the district's first named defense anchor. The Yitzhak Sadeh corridor — south of Sarona, east of Neve Sha'anan, running along the Ayalon interchange — was zoned as a mixed-use transit district in Tel Aviv's TAMA-38-era redevelopment plans. It is now a state-defense cluster candidate.

Landmark Sarona: The Densest Cyber Tower Complex In The World

The clearest hub-formation story is at Landmark Sarona — the two-tower complex at 2 Leonardo da Vinci Street, north of Ha'arba'a Street, owned in joint venture by Melisron (Ofer Investments Ltd, TASE: MLSR) and Efi Properties / Mapi. Tower A rises 41 floors and delivers approximately 100,000 square meters of Class-A office space. Tower B is under construction with a mixed-use configuration — 45,000 square meters of office space on the lower floors, 116 residential apartments on the top floors, delivery late 2026, tenant occupancy from 2027.

Tower A is fully leased. The confirmed floor-by-floor breakdown, current as of July 2026:

  • Meta / Facebook Israel — floors 15 through 23, plus floor 7, plus halves of floors 3, 4, 5, and 6. Meta originally signed for 20 floors in 2022 when the tower first opened. Under global cost pressure, Meta cut its footprint to 9 floors and subleased the remainder. The Meta downsizing became the enabler of the cyber cluster — Cyera absorbed Meta floors 8–10 and half of 11; Workday absorbed additional Meta space via sublease.
  • Cyera — floors 8, 9, 10, and half of floor 11. Approximately 10,000 square meters. Founded by Yotam Segev and Tamar Bar-Ilan. Shlomo Kramer is a lead backer. The company was valued at $9 billion in Q1 2026 following a $540 million round.
  • Cato Networks — seven floors, approximately 17,000 square meters. Shlomo Kramer's SASE platform. Cato originally leased six floors, expanded to seven, then in June 2026 canceled a planned second expansion into Farmers House on Kaplan Street — a signal the current cycle is not uniformly bullish.
  • Tenable — floors 13 and 14.
  • Workday — space subleased from Meta.
  • Walmart Israel R&D — floor 28 plus half of floor 27, more than 4,000 square meters.
  • JP Morgan — half of floor 41, approximately 1,300 square meters.
  • Pitango VC — half of floor 41, approximately 1,300 square meters. Shares the top floor with JP Morgan.

Landmark Tower A alone generated approximately NIS 380 million in new lease commitments during calendar 2025 — the tower's highest annual absorption since delivery.

Landmark Tower B, the residential-topped office building next door, has been marketed almost exclusively to cybersecurity since 2024. Two signed leases anchor the building:

  • Wiz — 13 floors, 23,500 square meters, six-year initial term, NIS 60 million per year (approximately $19.3 million), total contractual commitment above NIS 300 million. Wiz was acquired by Google for $32 billion in March 2026, but is keeping Israeli operations operationally distinct from Google's ToHa 2 campus. Occupancy from 2027.
  • Cyberstarts portfolio consolidation — 22,400 square meters. Gili Raanan negotiated a discounted per-meter rate in exchange for concentrating his portfolio companies inside one building. Cyberstarts limited-partners include Sequoia and Insight Partners; the portfolio includes Wiz (already anchoring), Cyera (already at Landmark 1), plus Torq, Silverfort, Fortinet portfolio companies, Grip Security, and others.

Not every Cyberstarts founder agreed to the consolidation. Island — the enterprise browser company valued at $5 billion in November 2024 — stayed at its HaMered Street office in the Neve Tzedek district. Founders privately told Ctech that HaMered's proximity to the sea was worth more to them than the Cyberstarts rate.

Aggregate, the two Landmark towers together will hold roughly 150,000 square meters of Class-A office space, majority defense-adjacent cyber, with Wiz, Cato Networks, Cyera, Tenable, and the full Cyberstarts stack. There is no comparable single-address concentration of cybersecurity companies globally.

Palo Alto Networks Is Hunting A 100,000 Square Meter Campus

Palo Alto Networks has become the single largest defense-cyber tenant in Tel Aviv without settling into a defined home. The company currently occupies 19 of the 26 floors in Alon 1 Tower at 94 Yigal Alon Street, owned by Harel Insurance Investments (TASE: HREL) and Migdal Insurance Group (TASE: MGDL). Reported rent is approximately NIS 100 per square meter per month; the tower's annualized rent bill runs approximately NIS 80 million.

Then Palo Alto acquired CyberArk in a $25 billion transaction announced in July 2025 and closed in February 2026. CyberArk's Israeli HQ campus sits at 9 HaPsagot Street, Park Ofer 2, Petah Tikva — inside Melisron's Kiryat Aryeh cluster. Combined Israeli headcount is now approximately 2,600, with a footprint of roughly 55,000 square meters split between Alon 1 and Park Ofer 2.

Palo Alto is publicly hunting for 85,000 to 100,000 square meters of consolidated campus space in central Tel Aviv. Named candidates:

  • Spiral Tower — Meshulam Levinstein Contracting; Menachem Begin corridor.
  • ToHa 2 — the second Tozeret Ha'aretz Street tower, jointly owned by Gav-Yam Lands (TASE: GVYM) and Amot Investments (TASE: AMOT); 205,000 square meters, 80 floors. Google leased approximately 85,000 square meters — half the aboveground area — in December 2025.
  • Beyond Tower — 80-story mixed-use tower on the Tel Aviv–Givatayim border, from Union Group and Tidhar Group, 130,000 square meters. Under planning.

For scale: Google's total Israeli leased footprint is approximately 85,000 square meters. Microsoft's Herzliya campus is 43,000 square meters. Apple's Herzliya campus is expanding to 70,000 square meters. Palo Alto is chasing a footprint larger than any of them.

Harel and Migdal, the Alon 1 landlords, are reportedly exploring a sale of the tower at a valuation near NIS 2.5 billion. Any sale will likely be contingent on Palo Alto's decision to stay or leave.

The Landlord League Table

Four public REITs collect most of the defense-tech rent in Israel. Each carries meaningful market-cap exposure to the sector's trajectory.

Melisron (TASE: MLSR) — The Ofer Investments Vehicle

Chair Liora Ofer, CEO Ofir Sharid. Melisron is the largest yielding-real-estate company in Israel by market capitalization. Portfolio:

  • Landmark Sarona at 2 Leonardo da Vinci Street, Tel Aviv (joint venture with Efi Properties)
  • Ofer Park East and Ofer Park West at HaPsagot Street, Kiryat Aryeh, Petah Tikva
  • Ofer Carmel in Tirat Carmel
  • Ofer Yokneam
  • 18 Ofer Malls nationwide

Kiryat Aryeh alone concentrates: CyberArk (Palo Alto), Marvell Technology Israel, Teledyne FLIR, Cellebrite, Pentera, IBM Israel, Intuit Israel, Global-E, Kyndryl, Nisko Group, Mindspace, Pelephone, Aviv Melisron, and Loanwise. Melisron is now the single most exposed landlord to the defense-cyber cycle in Israel — Landmark Sarona plus Kiryat Aryeh together host more named defense-adjacent tenants than any other portfolio in the country.

Gav-Yam Lands (TASE: GVYM) — The 1928 REIT

Established 1928 by the Palestine Economic Corporation, making Gav-Yam the oldest continuously operating property company in Israel. Portfolio:

  • Gav-Yam Herzliya Center at 7 Shenkar Street, Herzliya Pituach — 116,000 square meters
  • Gav-Yam Herzliya North — 134,000 square meters
  • Gav-Yam O2, Herzliya Pituach expansion — 60,000 square meters
  • MATAM Park, Haifa — 377,000 square meters, 50.1% jointly held with Haifa Economic Corporation
  • ToHa 1 and ToHa 2, Tozeret Ha'aretz Street, Tel Aviv — combined 294,000 square meters, jointly held with Amot
  • Gav-Yam Negev, Be'er Sheva — 73% owned by Gav-Yam, adjacent to the IDF ICT Campus
  • Additional assets in Rehovot, Holon, Modiin, and Lod

Elbit Systems' Haifa headquarters sits inside MATAM. Varonis leases 11,000 square meters across five floors of the Gav-Yam building at 7 Shenkar Street. Google's 85,000-square-meter lease anchors ToHa 2. Morphisec and Lockheed Martin's IS&GS unit anchor Gav-Yam Negev. Gav-Yam reports 562,000 square meters of construction pipeline.

Amot Investments (TASE: AMOT)

The Kiryat Aryeh Petah Tikva engine and ToHa 2 co-owner. Amot's Petah Tikva portfolio complements Melisron's — the two together define the Kiryat Aryeh submarket. Amot's tenant mix skews to growth-stage cyber and defense-adjacent software.

Azrieli Group (TASE: AZRG)

Israel's largest shopping-center owner, with an increasingly defense-heavy office component. Portfolio:

  • Azrieli Center — three towers (Round, Triangular, Square) at Menachem Begin Road
  • Azrieli Sarona — new mixed-use development
  • Data-center holdings and regional malls

SentinelOne leases in the Azrieli Round Tower at 132 Menachem Begin Road, floor 20, plus a second office at Alon Towers, 94 Yigal Alon Street.

The Growth-Stage Cluster

Zachi Agassi, CEO of 770 Offices, told Ctech that small and medium-sized defense startups are increasingly leasing 2,000 to 4,000 square meters — up from typical Israeli startup footprints of 500 to 1,500 square meters. The preferred hubs are Petah Tikva and the Sharon region. Named companies drilling out of the sub-2,000 sqm bucket into the 2,000–4,000 sqm bucket in 2025–2026 include Kela Technologies, Regulus Cyber, Xtend's local footprint expansion, and Aeronautics-affiliated companies.

Kiryat Aryeh — Petah Tikva

Ofer Park East and Ofer Park West at HaPsagot Street anchor the cluster. Melisron's East building tenants: CyberArk (Palo Alto), Marvell Technology, Teledyne FLIR, Global-E, Intuit, IBM, Nisko Group, and Mindspace. Melisron's West building tenants: Pentera, Marvell (spanning both buildings), Cellebrite, Aviv Melisron, Kyndryl, Loanwise, and Pelephone. Kiryat Aryeh is now the second-largest defense-adjacent office cluster in Israel after Sarona.

Ramat HaHayal and Kiryat Atidim — Tel Aviv North

The older Israeli tech core. Check Point Software owns its campus at 5 Shlomo Kaplan Street (previously 5 HaSolelim before the municipal street rename) with 6,450 employees. Radware leases approximately 108,000 square feet across two buildings owned by the Zisapel family heirs on a related-party lease through 2030, disclosed in its SEC 20-F filings.

Xtend — the drone-and-robotics company that supplied thousands of tactical systems to the IDF post–October 7 and won a US Department of War contract for its STRIKER platform in the $1 billion Drone Dominance Program — is at 7 HaBarzel Street in Ramat HaHayal. The HaBarzel corridor also hosts Vigilant Technology (34 HaBarzel Street) and Visonic Technologies (24 HaBarzel Street).

Kiryat Atidim — jointly owned by the Tel Aviv Municipality and Tel Aviv University in a 50/50 partnership — sits on Dvora HaNevi'a Street. Nineteen acres, 11 buildings, 250,000 square meters. Home to the CityZone smart-city cluster of more than 20 startups, plus IBM Research Israel, Amdocs, Applied Materials, and dozens of defense-tech-adjacent early-stage companies.

Herzliya Pituach

The multinational R&D anchor. Deeper street-level detail:

  • Microsoft Israel — Microsoft Campus, Herzliya Pituach — approximately 43,000 square meters, 2,800 to 3,200 professionals
  • Apple Israel — Apple House, Herzliya Pituach — expanding to approximately 70,000 square meters
  • Amazon Web Services Israel — Herzliya Pituach offices, undisclosed footprint
  • Varonis Systems — 7 Shenkar Street, Gav-Yam Center — 11,000 square meters over five floors
  • Verint Systems — 33 Maskit Street — defense/intelligence software
  • Optibase — 7 Shenkar Street, Gav-Yam Center — smaller footprint
  • Raz-Lee Security — 148 Hanassi Street — cybersecurity for IBM i systems

KiTalent's employment data shows the market is split: multinational R&D headcount grew approximately 8% while Israeli startup workforce contracted 12% in 2023, a divergence that has persisted. Herzliya Pituach is now a two-speed market — multinationals expanding, local growth-stage startups renegotiating downward.

Ramat Gan — The Diamond Exchange Complex

The Israel Diamond Exchange (Bursat HaYahalomim) at Jabotinsky Street is a four-tower complex totaling approximately 1.1 million square meters across 1,200 offices. Since a 2019 policy change, the Exchange has accepted non-diamond tenants. It is now hardening as a Ramat Gan CBD alternative to Tel Aviv — WorldQuant / Genesis (the deep-tech venture arm behind Navairo's counter-drone launch) runs an office of approximately 50 employees inside the complex.

The Northern Corridor

Colliers Israel recorded more than 38,000 square meters of Northern Israel office leasing across Haifa, Mevo Carmel, and Hadera in the H2 2025 – H1 2026 window, driven largely by defense-prime expansion and new R&D centers.

Ness Ziona and Rehovot

Elbit Systems (TASE: ESLT) locked a 40,000-square-meter long-term lease in Ness Ziona — described publicly by Avison Young Israel CEO Guy Amosi as the flagship deal of the current cycle. Elbit's Elop subsidiary (electro-optics) owns approximately 540,000 square feet in Rehovot. Elbit's Elisra subsidiary (electronic warfare) sits on approximately 110,000 square feet in Bnei Brak, part owned, part leasehold. Elbit's Silver Arrow UAS unit runs a 70,000-square-foot leased facility in Ness Ziona.

Haifa — MATAM and the Rafael Campus

Rafael Advanced Defense Systems operates its main national campus in Haifa (P.O. Box 2250). Elbit Systems' corporate headquarters sits at the Advanced Technology Center inside MATAM Park — 197,000 square feet owned, 65,000 square feet leased, plus a new 348,000-square-foot building announced in Elbit's 2025 20-F. MATAM Park itself is 377,000 square meters, 50.1% owned by Gav-Yam and the balance by Haifa Economic Corporation.

Northern Standalone Defense

Smart Shooter — the fire-control-optics company that filed a TASE IPO at a ~NIS 700 million valuation — is headquartered at Kibbutz Yagur east of Haifa. Commtact (defense data links, Aeronautics subsidiary) is at Yokneam. Controp Precision Technologies (electro-optics, 50/50 joint venture between Rafael and Aeronautics) is at Herut in Emek Hefer.

Be'er Sheva — The Southern Cyber Hub

Gav-Yam Negev — 73% owned by Gav-Yam Lands — is emerging as Israel's southern cyber R&D hub. It sits adjacent to the IDF ICT Campus (the Ministry of Defense's consolidated technology base) and Ben-Gurion University of the Negev. Salary arbitrage relative to Tel Aviv runs 20 to 25%. Anchor tenants include Morphisec (cybersecurity, spun out of BGU research) and Lockheed Martin's IS&GS unit, which opened in 2014.

Foreign Primes And The Anduril Arrival

Foreign prime real estate footprints in Israel remain modest by prime standards but are expanding meaningfully.

Lockheed Martin Israel operates its main office in the Museum Tower at 4 Berkovitch Street, Tel Aviv — the company doubled its footprint in 2014. Lockheed's secondary Israeli office is at Gav-Yam Negev in Be'er Sheva. Leidos runs a cleared team supporting Project Nimbus. Ondas (NASDAQ: ONDS) — the US-listed defense drone group at approximately $4.5 billion market cap — has acquired several Israeli defense firms and is reportedly circling Aeronautics.

Anduril Industries — valued at $61 billion in its June 2026 round — is finalizing its entry into Israel. Palmer Luckey and CEO Brian Schimpf have interviewed former Israeli Air Force Commander Gen. (res.) Amikam Norkin and former Planning Directorate chief Amir Abulafia to run the operation. Anduril's roadmap: sell to the Israeli Ministry of Defense first, partner with Elbit on the Sigma 155 howitzer program, then stand up a domestic factory. Luckey attempted to acquire Kela Technologies during his February 2026 visit; Kela's founders declined.

The Israeli Ministry of Defense reports engaging more than 300 startups in 2025, including 86 new companies in the past year. Head of MAFAT Danny Gold has publicly committed that at least 10% of the Ministry's 2026 R&D budget will flow to startups rather than the three state primes (Rafael, IAI, Elbit). Total Israeli defense-tech venture and M&A activity in 2025 reached approximately $1 billion.

The Full Address Book

Every named defense, cyber, or defense-adjacent tenant in the current dataset, with street address where confirmed:

Tel Aviv — Sarona / Landmark Cluster

  • Wiz — Landmark Tower B, 2 Leonardo da Vinci Street
  • Cato Networks — Landmark Tower A, 2 Leonardo da Vinci Street
  • Cyera — Landmark Tower A, 2 Leonardo da Vinci Street
  • Tenable — Landmark Tower A, 2 Leonardo da Vinci Street
  • Cyberstarts portfolio (Torq, Silverfort, Grip Security and others) — Landmark Tower B, 2 Leonardo da Vinci Street
  • Kela Technologies (defense C4I) — 21 Ha'Arba'a Street area

Tel Aviv — Ayalon Corridor

  • Palo Alto Networks — Alon 1 Tower, 94 Yigal Alon Street
  • SentinelOne — Azrieli Round Tower, 132 Menachem Begin Road, floor 20; second office at Alon Towers, 94 Yigal Alon Street
  • KELA (cyber intelligence) — Begin 52 Tower, 52 Menachem Begin Road, floor 24

Tel Aviv — Yitzhak Sadeh / Cosmopolitan

  • Rafael Advanced Defense Systems (Tel Aviv development center) — Cosmopolitan Tower 1, corner of HaMasger and Yisrael Tal Streets

Tel Aviv — Ramat HaHayal / Habarzel / Kiryat Atidim

  • Check Point Software — 5 Shlomo Kaplan Street
  • Radware — two Zisapel family buildings, Tel Aviv
  • Xtend — 7 HaBarzel Street
  • Vigilant Technology — 34 HaBarzel Street
  • Visonic Technologies — 24 HaBarzel Street
  • Kiryat Atidim complex — Dvora HaNevi'a Street, 250,000 square meters, 20+ CityZone startups

Tel Aviv — Rothschild / Downtown

  • Palantir Israel — 46 Rothschild Boulevard
  • Lockheed Martin Israel — Museum Tower, 4 Berkovitch Street

Petah Tikva — Kiryat Aryeh

  • CyberArk (Palo Alto) — Park Ofer 2, 9 HaPsagot Street
  • Marvell Technology Israel — Ofer Park East + West, HaPsagot Street
  • Teledyne FLIR — Ofer Park East, HaPsagot Street
  • Global-E — Ofer Park East, HaPsagot Street
  • Intuit Israel — Ofer Park East, HaPsagot Street
  • IBM Israel — Ofer Park East, HaPsagot Street
  • Pentera — Ofer Park West, HaPsagot Street
  • Cellebrite — Ofer Park West, HaPsagot Street
  • Kyndryl — Ofer Park West, HaPsagot Street

Herzliya Pituach

  • Microsoft Israel — Microsoft Campus, Herzliya Pituach
  • Apple Israel — Apple House, Herzliya Pituach
  • Amazon Web Services Israel — Herzliya Pituach offices
  • Varonis Systems — 7 Shenkar Street
  • Optibase — 7 Shenkar Street
  • Verint Systems — 33 Maskit Street
  • Raz-Lee Security — 148 Hanassi Street

Ramat Gan

  • Israel Diamond Exchange complex — Jabotinsky Street, ~1.1 million square meters, 1,200 offices, non-diamond tenants accepted since 2019
  • WorldQuant / Genesis — Ramat Gan office, ~50 employees

Ness Ziona / Rehovot / Bnei Brak

  • Elbit Systems — Ness Ziona campus, 40,000 square meters
  • Elbit / Elop — Rehovot, ~540,000 square feet owned
  • Elbit / Elisra — Bnei Brak, ~110,000 square feet
  • Elbit / Silver Arrow — Ness Ziona, ~70,000 square feet leased

Haifa / Northern

  • Rafael HQ — Haifa, P.O. Box 2250
  • Elbit Systems HQ — MATAM Advanced Technology Center, Haifa
  • Smart Shooter — Kibbutz Yagur
  • Commtact — Yokneam
  • Controp — Herut, Emek Hefer

Be'er Sheva — Southern Cyber

  • Morphisec — Gav-Yam Negev Park
  • Lockheed Martin IS&GS — Gav-Yam Negev Park

Yavne / Yehud / Kadima-Zoran / Sharon

  • Israel Aerospace Industries (IAI) — Ben Gurion Airport / Yehud Industrial Zone
  • Aeronautics Group HQ — Yavne industrial zone
  • BlueBird Aero Systems — Kadima-Zoran (IAI 50% ownership)
  • ThirdEye Systems — Emek-Hefer Industrial Park, Netanya area
  • Spear UAV — Central Israel
  • Regulus Cyber — Haifa area

What To Watch Q3 2026

  • Palo Alto Networks campus selection — Spiral, ToHa 2, or Beyond Tower. A single decision reshapes central Tel Aviv office pricing.
  • Anduril Israel head appointment — Norkin or Abulafia. Determines whether the local strategy runs Air Force– or Ground Forces–first.
  • Melisron Q3 TASE filing — Landmark Tower B occupancy milestones and Ofer Park new leases.
  • Gav-Yam ToHa 2 marketing — Only 38% of aboveground area marketed as of the last filing; the second half determines the corridor's next anchor.
  • Harel + Migdal Alon 1 sale — reportedly targeting ~NIS 2.5 billion; contingent on Palo Alto.
  • Cato Networks — the Farmers House cancellation is a leading indicator. Watch for other cyber tenants pausing expansion.
  • Rafael Cosmopolitan build-out timing — determines when Yitzhak Sadeh crystallizes as a defense district.
  • Ondas acquisition of Aeronautics — would flip a Rafael JV asset to US public ownership.
  • Smart Shooter TASE IPO pricing — sets the benchmark for the next wave of Northern defense-tech offerings.

Frequently Asked Questions

Why is defense tech taking over Israeli office towers?

Three drivers converged in 2024–2026: the post–October 7 IDF procurement surge, elevated global defense spending, and Israeli venture capital rotating out of consumer/SaaS toward defense-tech. Approximately one-third of Israeli high-tech capital now flows to defense and security. Defense tenants also require larger, longer-term, security-hardened spaces than typical SaaS tenants, which compounds the square-meter effect.

Which landlord has the largest defense-tech exposure?

Melisron (TASE: MLSR), followed by Gav-Yam Lands (TASE: GVYM). Melisron owns Landmark Sarona (with Efi Properties) and Ofer Park East and West in Petah Tikva's Kiryat Aryeh. Gav-Yam owns the Herzliya Pituach parks, MATAM Haifa (Elbit's headquarters), Gav-Yam Negev in Be'er Sheva, and — with Amot Investments — ToHa 1 and ToHa 2 in Tel Aviv.

What is the Landmark Cyber Tower?

A two-tower complex at 2 Leonardo da Vinci Street near Sarona, Tel Aviv. Tower A is fully leased and includes Meta (9 floors), Walmart, JP Morgan, Pitango VC, Cyera (~10,000 sqm), Cato Networks (7 floors, ~17,000 sqm), Tenable (2 floors), and Workday. Tower B — delivering late 2026 — has been leased almost entirely to Wiz (23,500 square meters) and the Cyberstarts portfolio (22,400 square meters).

How much is Wiz paying to lease Landmark Tower B?

NIS 60 million per year (approximately $19.3 million) on a six-year initial term. Total contractual commitment exceeds NIS 300 million. Occupancy begins in 2027.

What is the total Israeli defense-tech leasing activity in H1 2026?

Colliers Israel recorded more than 140,000 square meters of defense-tech and defense-adjacent office leasing in H1 2026, up 32% versus H2 2025 (~106,000 square meters). Another 145,000 square meters sit in active demand — approximately 30% of all live office demand in the country.

Where is Rafael's new Tel Aviv office?

Rafael purchased 6.5 floors of Cosmopolitan Tower 1 at HaMasger and Yisrael Tal Streets in Tel Aviv's Yitzhak Sadeh district for NIS 521 million (approximately $150 million). The developer consortium is Acro Real Estate, Phoenix Holdings, City Boy, and Shevet Moshe Properties. Rafael is vacating the Horodetsky complex.

Is Anduril opening an office in Israel?

Yes. Anduril Industries is in the final stages of establishing an Israeli operation. Leadership candidates include former Israel Air Force Commander Gen. (res.) Amikam Norkin and former Planning Directorate chief Amir Abulafia. Anduril intends sales-first entry, an Elbit partnership on the Sigma 155 howitzer program, and eventually a factory. Palmer Luckey attempted to acquire Kela Technologies during his February 2026 visit; Kela's founders declined.

Does anything comparable to this tenant map exist?

No. Colliers Israel, Avison Young Israel, Natam, and 770 Offices publish aggregate market reports every six months. IVC Research Center and Duns 100 sell company databases with city-level detail but not tower-level tenant mapping. Start-Up Nation Central's Finder stops at municipality. Ctech, Globes, TheMarker, and Ynetnews cover individual leases as news events but do not consolidate. This Olam property is the first published English- or Hebrew-language address-level map of Israel's defense-tech tenant base, updated quarterly.

Sources

Colliers Israel; Avison Young Israel; 770 Offices; Calcalist (Ctech); Globes; TheMarker; Ynetnews; The Jerusalem Post; The Times of Israel; Melisron corporate materials and TASE filings; Gav-Yam Lands corporate materials and TASE filings; Amot Investments TASE filings; Azrieli Group TASE filings; SEC 20-F filings for Elbit Systems, Radware, Wix, SentinelOne, Cellebrite; Aeronautics Group corporate materials; Sequoia Capital publications; Israel Ministry of Defense (MAFAT DefenseTech Summit disclosures); company websites and press releases.

סיכום בעברית

שוק המשרדים הישראלי עובר שינוי מבני. חברות טכנולוגיות ביטחוניות וסייבר שכרו יותר מ־140 אלף מטרים רבועים במחצית הראשונה של 2026, עלייה של 32 אחוזים לעומת המחצית השנייה של 2025, לפי נתוני קולירס ישראל. במקביל, ביקוש פעיל של 145 אלף מטרים רבועים נוספים מהווה כשלושים אחוזים מכלל הביקוש הפעיל בשוק המשרדים בישראל. שישים ושניים אחוזים מהעסקאות נסגרו במטרופולין תל אביב — תל אביב, פתח תקווה, רמת גן, בני ברק וחולון.

העסקאות הבולטות: רפאל רכשה שש וחצי קומות במגדל קוסמופוליטן בפינת המסגר ויצחק טל בתל אביב, בעסקה בשווי 521 מיליון שקל דרך רשות מקרקעי ישראל. וויז שכרה 13 קומות במגדל לנדמארק סרונה 2 בליאונרדו דה וינצ'י 2 מידי מליסרון (בורסה: MLSR) ואפי נכסים, בעסקה שנתית של 60 מיליון שקל למשך שש שנים — התחייבות כוללת של יותר מ־300 מיליון שקל. פאלו אלטו נטוורקס תופסת 19 מתוך 26 קומות במגדל אלון 1 ביגאל אלון 94, ומחפשת קמפוס משולב של 85 עד 100 אלף מטרים רבועים בעקבות רכישת סייברארק. אלביט חתמה על חוזה ארוך טווח לארבעים אלף מטרים רבועים בנס ציונה. אנדוריל האמריקאית — בשווי 61 מיליארד דולר — בשלבי הקמת פעילות מקומית בישראל.

הבעלים הגדולים של הנדל"ן הביטחוני-טכנולוגי בישראל: מליסרון (לנדמארק סרונה, פארק עופר מזרח ומערב בקריית אריה פתח תקווה), גב־ים (הרצליה פיתוח 116 אלף ועוד 134 אלף, מטאם חיפה 377 אלף בשותפות עם כלכלית חיפה, ToHa 1 ו־ToHa 2 בשותפות עם אמות, וגב־ים הנגב בבאר שבע), אמות ואזריאלי. אין מקבילה למפה הזאת בעברית או באנגלית. עולם מתחייבת לרענון רבעוני.

— The Olam Editorial Team

The Israeli Internet Patriarchs

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