info@officemarket.mt 18 May 2023 0

When Should I Start Searching For A New Office To Rent?

Rental Office Size-Related Recommendations

Whether you are searching for a small office or a large office space to rent in Malta, it’s always good to know when the right time is to start looking for it. Our recommendations below depend on the office size. Larger offices usually involve more planning, preparation, and other time-consuming steps. This strategic approach allows you to navigate the complexities of the rental process with confidence. It ensures that your chosen office space aligns perfectly with your business objectives and operational requirements.

Renting a Smaller Office (up to 150 sq m)

For smaller offices (up to 150 sq m), we recommend initiating the search three to one month before your current lease expires or before the new office is needed. This will give you enough time to conduct the viewings, evaluate your options and negotiate the lease agreement. However, if you are looking for a larger office or an office space for rent with some specific requirements, it is best to start searching at least six months in advance to ensure you find the right fit.

Renting a Medium-Sized Office (150 to 500 sq m)

For medium-sized offices (under 500 sq m), it’s advisable to start your search ideally between 3 and 6 months before your intended move-in date. If you currently hold a contract for another office, it’s essential to check the notice period required before starting search. This preliminary period offers a strategic window to consider important factors, including location, accessibility, amenities, and lease terms.

In sought-after locations such as Sliema, Gzira, or the CBD (Mriehel), you should expect a broader range of options. Allocating additional time to the process gives more flexibility to your team and better negotiation power. Similarly, if your office requirements include specific amenities like dedicated parking or any other distinctive features, allocating ample time to the search process becomes crucial. This ensures securing a space that aligns seamlessly with your business needs.

Renting a Large Office Space (150 to 500 sq m)

For larger offices (500+ sq m) we recommend to initiate your research ideally between 6 and 12 months before your intended move-in date. This time is particularly crucial for larger spaces, as they often require finishing or alterations. These processes consume a significant amount of time.

Therefore, starting the research well in advance provides the necessary buffer to navigate through regulatory requirements and ensure all legal aspects are in order before the actual move-in date. By allowing yourself more time, you can organise the physical preparation of the space better. This also contributes to a smoother transition into your new office space.

If you are uncertain about the optimal size of your new office space feel free to use our Office Size Calculator

Whether you are seeking a small office or a large commercial space to lease, OfficeMarket.mt offers their expertise and resources to assist your search. With Office Market assistance you can discover your ideal commercial space, establish your business, and commence operations in Malta.