Coworking and shared offices in San Sebastián - Donostia

Office Rentals in San Sebastián: The Facts You Need

Office rentals in San Sebastián are a very interesting option when establishing a company's headquarters. The cosmopolitan city in the Basque Country is one of the country's most popular tourist destinations, hosting world-class events such as the San Sebastián Film Festival. Furthermore, Donostia is one of the cities with the highest satisfaction rate among its residents: 85% of San Sebastián residents believe that their city is "very good" to live in, and only 1% believe that it is "bad" or "very bad."

Tourism in the region has experienced significant growth in recent years, becoming one of the main drivers of its economy. Gipuzkoa broke tourism records in 2018, with visitor numbers growing in every month of the year, including the slowest months. Tourism growth in the Provincial Council was 7.1% compared to the previous year, but San Sebastián saw an even greater increase in visitors, receiving 9.5% more tourists than in 2017. Tourism is beginning to become a thriving economic force, but the Basque Country's potential lies in industry, as it is one of the most industrialized regions in the country. The Basque Country's industrial fabric exceeds the European average, contributing approximately 25% of the region's GDP. The forecasts for the Basque Country in the last two years exceeded the average for the rest of the Autonomous Communities, leading the economic growth estimated for 2019. The economic data support the forecasts and the Basque Country closed 2018 with a 9.58% unemployment rate, the lowest in the entire State and almost 5 points below the average, which stood at 14.5% at the end of that year.

Office rental in San Sebastián: tax advantages for companies

Both the Basque Country and San Sebastián offer numerous tax advantages when it comes to setting up a company, which explains the proliferation of office rentals in the city. Without going any further, in its latest tax reform, the Basque Country reduced corporate tax from 28% to 24% for large companies, one point below what this type of company pays in the rest of the country, and from 24% to 20% for small and medium-sized companies.

For its part, the Provincial Council of Gipuzkoa, of which San Sebastián is the capital, launched a special economic incentive plan for workers who start a company at the beginning of 2019. With this incentive, residents of Gipuzkoa who set up a company will be able to deduct 10% of the amount contributed to the new company from their personal income tax if they are men and up to 15% if they are women, with a maximum of 1,200 euros per year for men and 1,800 for women.

These figures make both the Basque Country in general and San Sebastián in particular two options to consider when establishing the headquarters of a company, hence the growth in office rentals.

Our offices for rent in San Sebastián

We currently have two office buildings for rent in San Sebastián, located in the Ibaeta neighborhood, one of the oldest in Donostia. Within Ibaeta is the Igara Business Park, home to a multitude of companies such as Repsol IPF, Euskaltel, Naturgas, and EDP.

The Igara Business Park is an ideal location for an office building, due to its good connections to the rest of Donostia, both by public transport, with two bus lines that stop there, and by road. Each office has around 100 parking spaces, in addition to an additional parking lot for the entire Business Park.

Why now is the time to rent and buy offices in San Sebastián

Office rentals in San Sebastián are going through a good moment. In addition to the city's unique appeal, one of the most beautiful on the entire peninsula, there has been a considerable increase in tourism in recent years, in an area already known for its industrial strength, making the region's economy and the city a powerhouse in its own right.

And these benefits of the region are complemented by a very favorable tax regime when deciding to set up a business. Quality and competitiveness are two defining features of San Sebastián, two traits to look for when renting an office in the capital of Gipuzkoa.