Salesforce signs $45 million Tel Aviv office deal as it consolidates Israeli operations - CTech
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Salesforce has signed a five-year lease worth nearly NIS 140 million ($44.6 million) for 15,300 square meters of office space at Tel Aviv's ToHa 2 tower, in one of the city's larger recent commercial real estate deals. The agreement, covering five floors at an estimated monthly rent of NIS 150 per square meter, is expected to cost the company approximately NIS 27.5 million ($8.8 million) a year. The move will bring Salesforce's Israeli R&D center and local operations together under one roof, accommodating around 1,000 employees. The company, which currently operates development centers in Tel Aviv and Nazareth, expects to move into the new offices in the first half of 2028. The lease also includes an option to expand into two additional floors, giving the company room to increase its footprint. The new offices will be named "Salesforce Tower at ToHa 2." The agreement was signed with the tower's owners, Amot and Gav-Yam, and reflects the scale of Salesforce's Israeli operation, which has grown over 15 years through acquisitions and organic expansion. Its local R&D teams now contribute to global products including Agentforce and Slack, as well as the company's security, data privacy and AI-powered applications. The company established its local presence in 2011 through the acquisition of Israeli cybersecurity startup Navajo Systems. Over the past 15 years, it has expanded the...
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