Should you rent a property in Valletta for your business??

 

The commercial real estate market had a significant boost in 2021 compared to the previous year and seems to be growing still in 2022. Malta's Capital, Valletta, was one of our most souhgt after locations for business owners looking to rent out commercial property in Malta. Here we will have a brief overview of the advantages to opening your business in Valletta in 2022.

 

• A bit about Valletta
• Renting an office in Valletta
• Renting a catering establishment in Valletta
• Renting a retail outlet in Valletta

 A bit about Valletta

Malta's Capital City, Valletta is a hub for commercial activity sorrounded by the sea and boarded by Floriana. The main streets such as Republic Street, Merchant's Street and Strait Street are constantly bustling with life. The Island's main bus terminal is also located just outside of Valletta's City Gate and is home to many industry leaders on the Island such as Iniala Harbour House, Tratoria Romana Zero Sei and many , many more. Vealletta also hosts many attractions such as St John's Co Cathedral, The Grand Harbour and both Upper and Lower Barraka Gardens, amost others. According to all-populations.com, the population in  in 2021 was 6,315, however many apartments in the city are starting to be used more widely for shortlets. This, coupled with the many hotels and boutique hotels and the cruise-liner stops gives Valletta a constant and steady flow of tourists, especially during the summer time.

 

Renting an office in Valletta

Office space in Valletta starts from about a minimum of €180 per sqm per annum, for a finished office space, however prices spike depending on which street the property is located on. Valletta has a very limited amount of space so new developments are few and far between. Here are some advantages of renting office space in Valletta:

 

 

1. Accessibility - Valletta is very accessible as most bus routes either start or finish from the main terminal outside the City Gate
2. Views - Valletta's boarders offer sublime views of Sliema and the Three Cities
3. Restaurants and Bars - Valletta has some of the country's best catering establishments and bars making it the perfect place for out of office meetings and after work drinks
4. Companies in the area - the local companies boast a vibrant atmosphere due to the variety of the many different compnaies that are situated in the locality

 

It should be important to note that the two biggest issues that our clients find with renting in Valletta are that parking is an issue in the area and the rates are on the higher end, for both commercial and residential, compared to more central areas, however this is due to the high demand from businesses to open in Valletta.

 

Renting a catering establishment in St Julians

Whether you are looking to rent a bar, or to rent a coffee shop or to restaurant in Malta, Valletta should definitely been one of the top locations on your list.

 

1. Foot-Traffic - Valletta is one of the locations with the most foot-traffic on the Island. It boasts the largest amount of tourists providing an endless amount of new potential customers
2. Views - Again, Valletta provides great views for your staff and customers to admire
3. Amenities - Anything you can think of is just a few minutes walk away
4. Accessibility - Valletta is very accessible by bus, car and walk being situated on a main bus route

 

An important thing to keep in mind is that the competition in the area is very great. So you will need to make sure your concept stands out from the crowd to succeed in this bustling town.

 

Renting a retail outlet in Valletta

Renting a shop in Valletta has its perks. Whether you are looking to open a clothing store, convenience store and so on, Valletta is the place for you! 

 

1. Foot-Traffic - Valletta is one of the locations with the most foot-traffic on the Island. It boasts the largest amount of tourists providing an endless amount of new potential customers

2. Accessibility - Valletta is very accessible by bus, car and walk being situated on a main bus route

3. Companies in the area - there is arguably the largest amount of businesses based in Valletta. From office spaces to retail soaces to restaurants, there are a great many potential opportunites for new customers.

 

Should you need any more information about where you should look to open up your business, get in touch with us on +356 7937 1629 or send an email to [email protected]. At QLC, we have over 800 properties for rent in Valletta on our database which can be found here.