Average Office Rental Prices in Malta (2026): Market Forecast and Trends

TL;DR

This article examines average office rental prices in Malta for 2026, expressed in euros per square metre per year (€/sqm/year). It explores how rental levels vary by location, office quality, and long-term planning strategy, and what this means for people working in offices across Malta. Insights are based on real leasing activity observed by MaltaOffices.com, specialists in office space in Malta. To understand how current office rental pricing levels are formed, it is useful to look at recent market behaviour. Our overview of average office rental prices in Malta (2025) outlines the location-based pricing structure and office quality factors that continue to influence the market today.

Understanding Average Office Rental Prices in Malta

Average office rental prices in Malta represent the annual rent companies pay for commercial office space, typically quoted in €/sqm/year. Pricing is influenced by location, building quality, layout efficiency, and market demand.

Although office workers are not directly involved in lease negotiations, rental pricing decisions affect:

• Where offices are located
  
• The quality of buildings companies occupy
  
• Office comfort, layout, and facilities
  
• The long-term stability of workplace locations
  

From a market perspective, rental pricing determines which offices remain competitive and which fall out of demand.

Location-Based Office Rental Prices in Malta (2026)

Location is one of the strongest drivers of office rental pricing in Malta. In 2026, clear pricing differences exist between established business districts, central commercial zones, and emerging office areas.

St Julian’s & Sliema

St Julian’s and Sliema remain among the most established office locations in Malta, particularly for client-facing and international businesses. In 2026, rental levels in these areas are strongly influenced by building quality and presentation, with high-spec offices outperforming older or less efficient stock.

Demand in these locations increasingly favours offices that justify their positioning through usability, accessibility, and professional image, rather than location alone.

Gżira & Ta’ Xbiex

Gżira and Ta’ Xbiex continue to appeal to businesses seeking proximity to established commercial hubs without the intensity of core coastal districts. Office pricing in these areas reflects a balance between location, building quality, and accessibility.

Well-specified offices perform strongly, while more functional buildings attract occupiers prioritising value and practicality.

Mrieħel CBD and Central Business Areas

Mrieħel and other central business districts remain a value-driven alternative in 2026. These areas are increasingly selected by businesses prioritising efficient layouts, ease of access from across the island, and long-term operational suitability.

Office quality plays a decisive role, with modern, adaptable buildings clearly outperforming older stock in terms of demand and rental positioning.

Central & Peripheral Office Areas

Peripheral and secondary office locations continue to serve cost-conscious occupiers or businesses with less reliance on a central address. In these areas, rental positioning is closely tied to functionality and condition, with quality upgrades having a direct impact on occupier interest.

While location remains an important factor, office rental pricing in Malta in 2026 is increasingly defined by building quality and specification rather than area alone. Offices within the same locality can differ significantly in rental levels depending on grade, layout efficiency, sustainability features, and long-term usability.

The table below provides a structured overview of indicative office rental ranges by location cluster and office grade, expressed in €/sqm/year, offering a clearer comparison of how quality influences pricing across the market.

Office Quality, Rental Pricing, and Workplace Performance

In 2026, office rental prices increasingly reflect how effectively a space supports daily work. Offices achieving stronger rents typically offer:

• Efficient and flexible layouts
  
• Good natural light and ventilation
  
• Comfortable acoustic conditions
  
• Professional shared areas
  

Many businesses are willing to pay €20–€40 more per sqm/year for offices that improve productivity and reduce operational friction.

Key Office Market Trends Shaping 2026

Smaller, More Efficient Offices With Capacity for Growth

While space efficiency remains a priority, companies are not simply downsizing. Many are selecting right-sized offices that allow for future expansion, even if this means leasing slightly more space than immediately required.

This forward-looking approach helps businesses manage long-term rental costs per sqm/year while avoiding repeated relocations.

Longer-Term Planning and Greater Workplace Stability

Office leasing decisions now involve longer planning cycles. Businesses are:

• Assessing rental commitments over multiple years
  
• Evaluating total occupancy cost, not just headline €/sqm/year
  
• Prioritising stability over short-term savings
  

This behaviour supports more stable rental pricing across Malta.

Clear Differentiation Between Modern and Outdated Office Space

Offices that no longer meet modern working standards often face:

• Pressure to reduce asking rents below €180–€190 per sqm/year
  
• Longer vacancy periods
  

By contrast, modern and adaptable offices continue to attract demand within their pricing brackets.

Broader Commercial Real Estate Trends and Their Relevance to Malta Offices

Broader commercial real estate trends highlight the growing importance of flexibility, technology readiness, and long-term usability. These themes align closely with what we see locally when advising businesses on office space in Malta.

As a result, office rental prices in 2026 remain stable, with value clearly linked to quality and functionality rather than speculative growth.

Rental Price Behaviour and Market Outlook

Looking ahead, average office rental prices in Malta in 2026 are expected to:

• Remain broadly stable on a €/sqm/year basis
  
• Continue differentiating strongly by location and quality
  
• Reflect real operational demand rather than short-term speculation
  

What These Trends Mean for Office Workers

For people working in offices across Malta, rental pricing trends result in:

• Better-quality work environments
  
• Offices chosen with greater attention to accessibility
  
• Fewer relocations driven purely by cost pressure
  

Higher rents increasingly correlate with better daily working conditions, not just prestige.

Why Specialist Office Market Insight Matters

As a real estate company specialising exclusively in office space in Malta, MaltaOffices.com helps businesses interpret rental prices accurately and choose offices that remain suitable as teams evolve.

Featured Listings – Office Space in Malta

At MaltaOffices.com, we advise businesses on renting and acquiring office space in Malta, with a focus on usability, location, and long-term cost alignment. Take a look at our featured listings:

• Unfurnished Gzira Office To Let
• Small Gzira Office For Rent
• Furnished Office Space For Rent In St Julian’s
• Full Floor St Julian’s Office To Let
• Luxury Office For Sale

To discuss office rental prices, availability, or market trends, contact +356 7942 3033.

Conclusion: Interpreting Office Rental Prices in Malta in 2026

In 2026, average office rental prices in Malta, expressed in €/sqm/year, reflect a mature, value-driven market. Clear pricing differences exist between locations, with accessibility and office quality playing a greater role than ever.

This results in more stable pricing and better workplaces across the island.

For professional guidance on office rental prices and availability in Malta, speak with our team on +356 7942 3033.