Commercial Office Letting

With a very healthy commercial sector, Malta provides plenty of interesting office renting options, whatever your line of business might be due to its large network of agents both locally and abroad. It pays to entrust your needs to a reputable real estate agency such as JK Group, where specialised commercial agents can help you find just what you require.  However, on your part, you can keep in mind some key principles that can inspire you as you sift through the lists of properties you will be presented. Here are some questions you can start to ask yourself:

Questions to ask

  • Who shall be working inside these offices?
  • Is this is a one-man show or do you have several employees already? Do you plan to expand soon with 12-24 months?
  • Will you be receiving clients? If so, will these require a closed office to discuss business, will a cubicle style corridor be suitsble or will you just need one reception desk? Will you require a large waiting area?

Parking

What about parking? Whether you have several employees or anticipate a steady flow of clients through the day, you will need ample parking spaces to accommodate these people. If this is just about you, minus the visiting clients, then you may only need one parking slot for yourself, unless you go to work on foot.

Whats in it?

Do you want to rent an office space which already boasts all commodities  and furniture or will you be investing in these yourself?  You need to make sure the property owner accepts such interventions as may be necessary to create, for instance, specific furnishings or storage furniture, restrooms suitable for the disabled, ramps to allow wheelchair access, etc. If the premises you rent already include these commodities, then you may find the rental cost could be higher than others in order to reflect such costs.

Location

Offices vary in character and size namely due to the line of business they are targeted to tackle and also the kind of clientele they can welcome inside them. Some offices in Malta are older and may need more upkeep compared to recently built offices with latest technology.  The location will make a difference in the price per square metre.  For example if you rent an office in Sliema or St. Julian's, you will certainly pay top of market prices due to the high demand and the fact that most major iGaming, Finance and Software Companies amongst others are located there.  If you move to Birkirkara you will save in rent though your staff, if foreign expats, may not appeal to them. These questions should be asked to your estate agent of choice.

Keep in mind the kind of clients who might be visiting you and this will assist you in deciding the location you pick out. Ultimately, an efficient agent will give you a selection to sift through before going along for viewings and your guidance as to budget and location as well as commodities required, will most certainly help you downsize the list down to the very kind of office that meets your needs.

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