Understanding the Office Rent Costs
The office rent costs in Malta varies depending on the location, size, and amenities.
Usually, commercial real estate agencies display prices per month, which do not include VAT. To be able to compare the prices of different offices, we recommend calculating the price per square meter ( (office price/month x 12) / total sq m.). This will give you a more accurate comparison of the cost of each office space you consider. The square footage that you need mainly depends on the number of employees you have. We created an Office Size Calculator to identify the approximate size in square meters of office space required.
Additionally, it’s important to know all additional fees or charges (if any) that may be associated with the office, such as maintenance or parking fees, a required deposit, and so on.
Examples Of Office Rent Costs For Different Areas In Malta.
As mentioned before, cost to rent office depend on the location.
The most popular areas for offices in Malta include:
- Sliema
- St Julian’s
- Gzira
- Ta’ Xbiex
- Msida
- Birkirkara & Mriehel
Here are few examples of office rent costs per square meter for main areas in Malta:
- Central – €150 to €200 per sqm
- East – €200 to €350 per sqm
- Other parts of Malta – €100 to 150 per sq m.
It is also important to understand the payment terms, which vary depending on the agreement; usually, it is between 3 and 6 months’ rent in advance, but some landlords accept monthly payments while others want payments every year (which is rare).
Office Prices And Terms Are Subject To Negotiation
We suggest you try our Office Space Price Calculator to find out the approximate pricing by size and area.
Need help finding the right office in Malta or revising your rental agreement? Contact us via email at info@officemarkelt.mt or by phone at +356 7949 5969.
