Office rentals and coworking in Malaga

Office rentals in Malaga: things to keep in mind

Tourism and the Mediterranean Sea are some of the qualities that encourage office rentals in Malaga. Many companies have found this city an ideal location to establish their business, which is why, in recent times, office building rentals in Malaga have skyrocketed.

Malaga enjoys prestige within the business world as it includes such distinguished cities as Marbella, where some of the country's most affluent companies are concentrated. Therefore, for many companies, office and business rentals in Malaga are synonymous with luxury and distinction.

Given its prestige and select nature, office rentals in Malaga have slightly higher prices than in other parts of Spain such as Zaragoza or Seville, although they are still more competitive than in the two leading cities: Madrid and Barcelona.

The best areas for office rentals in Malaga

Malaga has many qualities that make it very suitable for office rentals. For example, it is the sixth most populated city in the country with 570,000 inhabitants, according to the latest data. This makes it a bustling and active city.

Furthermore, it is also one of the most touristic cities in Spain, so activity in areas related to the third sector intensifies in summer.

Tourist activity could be especially strong this summer as Malaga has been included in the European Best Destinations 2019, the 15 best European destinations to travel to this year, chosen by the votes of more than half a million internet users.

By area, we can find two key points for renting office buildings in Malaga:

• Office rental in Malaga city center. The downtown area of ​​Malaga is very conducive to establishing business. It has several advantages, among which its good connections to all points of the city stand out. Furthermore, the city center is where the vast majority of the city's activity is concentrated.
• Office rental in Malaga Carretera de Cádiz. Malaga Airport is one of the most important in the country, as it has connections to major European cities. Activity at this airport increases considerably, especially in the summer. For this reason, the Carretera de Cádiz area is home to a large number of companies and office buildings for rent.

Why is it a good time to rent offices in Malaga?

Malaga is a dynamic and lively city. The port and the sea make this city an ideal place for tourism and, therefore, it is a city that is attractive to many companies that want to establish their business there.

Office rental in Malaga is an option that is increasingly being considered by more companies that want to establish themselves in the south and that, in addition, want to add a seal of distinction and prestige to their business.

Reasons for the increase in demand for office rental and purchase in Malaga

Malaga is one of the main business centers in Spain and the main one in Andalusia, which is leading to an increase in office rentals.

Official figures show an increase in business activity in Malaga. Last April, Andalusia was crowned as the autonomous community with the most companies registered with social security, with a total of 248,633, employing 2.1 million workers and surpassing Catalonia and Madrid, which follow respectively in the ranking. And among the provinces of Andalusia, it is Malaga that stands out as the largest centre for business creation, with 56,191, ahead of Seville, which barely reaches 55,000.

Malaga is the only Andalusian province that today has more companies than at the beginning of the crisis in 2008, and is the only one capable of having restored its industrial fabric. Málaga has 73.5 companies per thousand inhabitants, thirteen points above the Andalusian average (59.9) and three above the national average (70.5), which has undoubtedly meant an increase in the demand for office rentals and purchases.

Office rentals and sales in Málaga will be affected by the project at Muelle de Heredia

Business growth in Málaga, which has emerged from the economic crisis faster and stronger than the rest of Andalusia, is causing high demand for office rentals and purchases in Málaga, chosen as the nerve center of many companies due to its good communications and central position on the Costa del Sol.

In the search for new land for the construction of offices in view of the high demand for sales and rentals, eyes have turned to the Muelle de Heredia, a space contemplated for two decades in the Special Port Plan for the integration of the old industrial areas now in disuse and which for various reasons has never been put into operation. march.

The main reason for this has been the conflict between Malaga City Council and the Port Authority over what to do with this land. The council advocated using it for office construction to meet this growing demand, while the Port Authority opted to turn the area into another large commercial space, similar to Muelle Uno.

Ultimately, the City Council will impose its criteria and the Muelle de Heredia area will be used for office construction for rent and sale. In fact, the Port Authority intends to launch a tender for the construction of three office buildings and an underground parking lot before the end of 2019. In principle, the specifications are expected to be ready this summer, with the idea that the tender could be published no later than next winter. Several investors have expressed interest in this project, although they are still waiting to see the exact specifications.