The commercial real estate market had a significant boost in 2021 compared to the previous year. Gzira was one of our top locations for business owners looking to rent out commercial property in Malta. Here we will have a brief overview of the advantages of opening your business in Gzira in 2022.
 

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

A Bit About Gzira

Gzira is a town in central Malta, bordered by Sliema, Msida and Ta' Xbiex. The Gzira promenade or 'Xatt' has views of Valletta and also links to the entrance of Manoel Island. The main chunk of buses would pass through Gzira on the way in or out of Valletta going to Sliema, St. Julians, and off to the North, giving Gzira great accessibility. The population in Gzira in 2019 was 11,699, however, we have seen a sharp increase in people living there over the last two years due to the development the area has seen.

Renting an office in Gzira

Office space in Gzira starts from about a minimum of €225 per sqm per annum, for a finished office space. In contrast to the rest of the Island, there is not much office space available in Gzira. This is because companies that are very happy to stay in the location because of all the advantages that Gzira has to offer. Here are some advantages of renting office space in Gzira
 

 

1. Accessibility - Gzira is very accessible by bus, car and walk. Being situated on a main bus route and also right off the Kappara flyover.

2. Views - Gzira offers stunning views by night or by day. Malta's capital Valletta can be seen from the promenade, seperated only by some of the Island's beautiful sea.
3. Restaurants and Bars - Gzira offers some of the Islands best choices for lunch breaks and even afterwork 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 Gzira are that parking is an issue in the area and the rates are on the higher end compared to more central areas, however this is due to the high demand from businesses to open in Gzira.

 

Renting a catering establishment in Gzira

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

1. Foot-Traffic - Gzira is one of the locations with the most foot traffic on the Island. It boasts a high amount of expats, tourists, and locals that live in the area, providing an endless amount of new potential customers
2. Views - Again, Gzira provides great views for your staff and customers to admire. Not to mention the beach at Manoel Island if you'd like to escape for a quick dip!
3. Amenities - Anything you can think of is just a few minutes walk away, well-renowned catering and hospitality providers C&H Bartoli are situated just a couple of minutes away from anywhere in Gzira which is a BIG plus, a long with any pet stores, different supermarkets such as convenience stores, asian food stores and even local produce trucks.

4. Accessibility - Gzira is very accessible by bus, car, and walk. Being situated on the main bus route and also right off the Kappara flyover.

 

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 Gzira

 

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

 

1. Foot-Traffic - Gzira is one of the locations with the most foot-traffic on the Island. It boasts a high amount of expats, tourists and locals that live in the area, providing an endless amount of new potential customers

2. Accessibility - Gzira is very accessible by bus, car and walk. Being situated on a main bus route and also right off the Kappara flyover.

3. Companies in the area - there are a huge amount of businesses based in the are. From office spaces, to childcares, 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 1800 properties for rent in Gzira on our database which can be found here.