Should You Buy or Rent an Office in Malta?

Should you buy or rent an office in Malta or Gozo? Thanks to this blog, here are some reasons why you, as a businessman, should buy or rent an office on the Maltese islands. Listen to what the real estate experts have to say about this hot current topic.

Buying or renting an Office in Malta

Need an office space to run your business? The team at RE/MAX Commercial is dedicated to making your search smooth and hassle-free.

Are you a local startup on the hunt for your first office? Perhaps you’re a foreign business owner tempted to relocate to our shores? Whether you’re planning to rent or buy, we’re confident you’ll find what you’re looking for in our wide-ranging commercial property database. Let’s get started. 

Why Malta? 

Many countries have experienced an unstable economic climate in the past few years, but Malta has remained resilient, making it an attractive base for businesses. Malta’s accessibility via air and sea has further strengthened the tourism sector and it’s only a few hours away from mainland Europe, with its convenient CET time zone.

Malta’s size

Think that Malta’s small size is a drawback? Think again. With offices galore all over the island, you’re never far from any amenities. You may opt for a central, urban area that gives you easy access to other businesses, or you could choose a less commercial spot to save money while never being far from the action. Explore the best localities for an office on the Maltese islands.

Business authorities

Local authorities, like Business First and the MGA, also offer financial assistance, technical support and tax benefits as incentives to attract younger and smaller businesses to Malta’s islands. The success of the iGaming industry in Malta is testimony to this, has generated plenty of employment opportunities for locals and ex-pats alike – and a demand for office space!  

Buying an office in Malta

The obvious advantage of buying an office in Malta is that you are the owner. Even if you use a loan to finance the purchase, the monthly repayments go towards a space that will be entirely yours. This means greater freedom when decorating and altering the property and the option of renting it out in the future. Learn more about some tips on decorating an office to your requirements.

Where is the first place to start when buying an office in Malta? Sorting out the permits and licences to ensure the premises are in line with your business needs. You’ll need to consider the location, size and finish of your desired space – all of which influence the price point.

Ask yourself what desk space you require and consider the space you’ll want for other areas, like a reception space and seating for clients. In terms of interior finishes, you may be spared some of the work if you choose a space that has previously been used (and registered) as an office. Some offices can come ready with desks and other furnishings; this will definitely be reflected in the price but having the office set-up taken care of is often half the battle! 

Commercial property in Malta

Buying your own commercial space on the Maltese islands may not be a feasible option for you. This is understandable and not uncommon, which is why RE/MAX Commercial is here to help you find the best deal. 

Renting commercial real estate

Why rent an office space in Malta? The first thing we recommend for renters searching for commercial property in Malta for lease is to compile a list of things to discuss with the landlord. This should include the security deposit, the amount you’d need to pay upfront and the schedule for rental payments. These factors vary from one commercial property owner to another, so you can negotiate your terms before settling on an agreement that suits you both. 

Don’t forget that you’ll also need a clear ‘yes’ for any changes you wish to make to the premises, so raise your plans as early as possible with the owner so you know if you’ll need to look elsewhere. Since you’ll have to finance the changes yourself, you’re probably better off finding a commercial property that’s already more or less as you want it; especially considering that some structural changes require a permit from the local authorities. 

You may also have to pay ‘key money’ to use any pre-existing parts of the interior, like furniture, tech devices or accessories. It’s vital you factor these costs into your rental budget too, along with the all-important electricity, gas and water costs you’ll incur to keep the office running.

RE/MAX Commercial

Whatever your business needs, our experienced sales and letting associates are here to help you find the perfect commercial property like an office in Malta for rent or for sale that will support your business. As commercial property specialists, RE/MAX Commercial have spaces to suit all budgets, all of which are finished to modern standards.

You can count on our extensive commercial market knowledge to guide you through the steps involved in buying or renting an office. From setting you up with a bank for a loan, to settling permits, to handling health and safety requirements and insurance matters – we’ve got you covered. 

Want to begin your search for the ideal office space in Malta? Get in touch with our commercial property team and we’ll get started today!