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Office Rental Prices in Malta: What Businesses Should Expect
Office rent in Malta is about more than the advertised figure. It's easy to focus on a single number per square metre — but commercial property decisions rarely work that way.
Key takeaways
- €221 per m²/year is the current island-wide average asking rent for office space (2025), down from €234 in 2024.
- The spread is significant: North Harbour averages €263/m², the Central region €168/m², and the Southern region €134/m².
- Averages can mislead. Certain micro-locations comfortably exceed the regional average, so one island-wide figure is a poor budgeting tool on its own.
- Rent is the starting point, not the total cost — fit-out, parking, common charges and lease terms all affect the real cost of occupancy.
- Asking rent and agreed rent differ. Advertised prices leave room for negotiation, especially in current market conditions.
Who this guide is for
Average office rent by region (2025)
Advertised rate, € per square metre per year
These are averages — prices in specific streets and buildings can run well above the regional figure, so use them as a starting reference, not a quote. See our full listings of offices in Malta for current asking prices.
In this guide
Where should businesses investigate?
For companies that need a strong commercial presence, St Julian's, Sliema, Gżira and the wider North Harbour area are obvious places to investigate. Leading analysts identify North Harbour as the region with the highest average office asking rates and the largest share of office listings.
Businesses looking for central accessibility should explore Mrieħel and the Central region, while Floriana can appeal to companies that want proximity to Valletta. Locations around the airport are also worth considering, particularly where accessibility is a priority. Ta' Xbiex and SmartCity are two more established and emerging districts worth a look, alongside Naxxar, Mosta, Mellieħa and commercial areas in the south.
The point isn't to find one universally "best" location — a professional services firm, a growing tech company and a customer-facing business may all have very different priorities.
What should businesses budget for?
The rent is only the starting point. Before signing a commercial lease, assess the total cost of occupancy — not just the square-metre rate.
Before you sign, factor in:
- The condition of the premises and any fit-out work required
- Furnishings and equipment
- Parking requirements
- Common area charges
- Other lease-related costs
- How efficiently your business can actually use the layout
An office that looks inexpensive on a square-metre basis may be less economical if the layout can't be used efficiently.
There's also an important distinction between asking rent and agreed rent. Rental data reflects advertised prices, and negotiation may be substantial given current, more subdued market conditions — which makes local market knowledge particularly valuable when comparing properties rather than simply comparing listings. It's also worth understanding the fiscal side early; see our guide to business tax in Malta.
Beyond the search. Frank Salt Real Estate's Commercial Property Division is dedicated specifically to commercial transactions and supports clients through the wider process — including access to off-market properties not publicly advertised.
See office listings
Rita Schembri
Head of the Commercial Property Division
Rita leads the team behind every commercial deal in this guide — from first search to signed lease, including off-market opportunities.
View Rita's profile →Start with the business, then find the property. Office rental prices in Malta vary enough to make broad assumptions unhelpful. The right premises are the ones that make commercial sense for your business, not simply the ones with the lowest advertised rent — which means looking beyond price to location, usability, lease terms, future requirements and the support available throughout the process.
The relationship can extend beyond the office itself, too. Frank Salt's wider holistic circle of services includes short-lets for inspection trips, long lets and tenancy management, buying and selling, relocation support, concierge services, property management, home interiors, and coordinated assistance with tax and legal advisers — relevant whether you're leasing an office, relocating a team, or managing a broader commercial property portfolio.
What is the average office rent in Malta?
The Malta Development Association reports an average asking rent of around €221 per square metre per year for office space in 2025, down from €234 in 2024. These are advertised rates, so the final figure can differ following negotiation.
Which areas should businesses investigate for office space?
It depends on what the business needs from its location. North Harbour, the Central region, the Grand Harbour area and locations around the airport all deserve consideration, alongside established commercial areas such as St Julian's, Floriana, Naxxar, Mosta and other parts of Malta.
Does a lower rent always mean a better deal?
No. Access, parking, layout, building quality, fit-out requirements and the length and terms of the lease can change the real cost considerably.
Can businesses rent an office and later buy commercial property?
Yes. For some businesses, renting first provides a practical way to test a location before committing capital to a purchase. Frank Salt Real Estate also handles commercial property sales.
Can Frank Salt Real Estate help beyond finding an office?
Yes. Our wider service circle covers commercial property, short-lets, long lets, buying and selling, relocation, concierge services, property management, home interiors and coordinated assistance with tax and legal matters.
Speak to Frank Salt's Commercial Division
Whether you're searching for an office to rent, considering a commercial investment, or planning a wider move to Malta — get the market insight, property options and professional support to make your next decision with confidence.
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