Offices for rent in Malaga

Málaga is the technology capital thanks to real estate investment. Many cities and towns are now aiming to attract technology companies. They have become a promise of wealth and well-being, leading mayors and other leaders to try to claim their attention. The competition is tough, but the Andalusian city has managed to emerge victorious.

When it comes to investing, you need all the information possible. The city of Málaga is quickly consolidating itself as a major business hub. The characteristics of the province and the city itself are very attractive. Furthermore, it has remained stable even during the pandemic. To give you a solid foundation, in this post you will discover why Málaga has become the technology capital. This way, you will be able to make your decisions more precisely and obtain better results.

Málaga, technology capital

The possibilities for technology companies are immense. They are dedicated to all kinds of activities, such as software creation or component manufacturing. Their growth, under the right circumstances, can be spectacular. Giants like Amazon and Microsoft started out as small companies. What city wouldn't want to host the headquarters of a future giant? These companies create highly qualified, high-quality jobs. Furthermore, creating a stable hub like a business center helps attract more companies, with the resulting economic growth. In 2021, Malaga managed to attract both Google and Vodafone. One of the reasons for this choice was its vibrant startup and business accelerator ecosystem. In this way, the foundations are laid for further growth. The business ecosystem enables the creation of new businesses that add significant value. This attracts technology companies from different fields, as they find favorable conditions. So far, more than 60 companies have settled in the city. They also have the human talent they need in the city itself, along with good services and adequate connections.

Therefore, the Andalusian city has managed to create excellent circumstances for economic growth. Given this fact, it is possible to find good investments, especially when renting or selling offices. Keep in mind that these companies need the best spaces in which to operate and house their administrative teams. This could be a golden opportunity that will never happen again.

Investment in Malaga

Investing in Malaga has become an attractive option, especially in the real estate sector. It has become the third largest hub in Spain, with aspirations to become the second most important. Offices are in high demand, so much so that they are experiencing a deficit of 40,000 square meters. This is related to the arrival of new companies, which will continue to come.

The positive outlook stands out compared to the situation imposed by the pandemic. Although it has meant a certain slowdown, once things return to normal, growth will be boosted. The fight for land is going to be tough, as there are projects in both housing and logistics. However, the city's goal is to challenge Barcelona for second place in economic importance. It also aims to compete with other European cities.

Although there was a drop in occupancy rates in 2020, they quickly recovered. The uncertainty did not seriously hinder new hires. Furthermore, rents remained constant despite the circumstances imposed by the pandemic. This shows that Málaga's situation is quite stable, even in one of the most complicated scenarios.

Various national and international funds are investing in the city's offices. Major real estate transactions are expected in the coming years. We are in a good time to invest, as there is still land available in key areas and demand is strong.