History of office rental prices in Malta, 2005 to today
Published office rent observations show what advertisers asked at different points in time. The timeline starts in 2005, with the earliest verified price observations in July 2012. All rates are nominal euros per square metre per year.
Download the observations as CSV See regional rent trends · 2012 survey pie chart · Current catalogue pie chart
2005–2011 · Early evidence and gaps
We did not verify a comparable Malta-wide office rent figure for these years. DHI Periti’s retrospective study tracks an individual office block, with index observations in 2007 and 2012. Its office section describes relatively flat growth around the early 2000s and stronger growth from 2014. This is context from a single property rather than a national rent series. DHI Periti study · Chart 5
2012 · Standard offices by size
Malta Enterprise recorded materially different median rates by size. Standard offices over 110 m² had a median of €120/m²/year across 293 observations, compared with €188/m²/year for offices up to 40 m². The survey reported a separate €340/m²/year median for offices it classified as luxurious. The spread illustrates why floor area and building grade matter when comparing rents over time. Malta Enterprise · Tables 41–43
| Advertised size | Median €/m²/year | Observations |
|---|---|---|
| Up to 40 m² | €188 | 89 |
| 41–70 m² | €120 | 86 |
| 71–110 m² | €93 | 110 |
| Over 110 m² | €120 | 293 |
July 2012 survey mix by office size
Share of standard-office observations by floor-area band.
- Over 110 m² · 293 (50.7%)
- 71–110 m² · 110 (19.0%)
- Up to 40 m² · 89 (15.4%)
- 41–70 m² · 86 (14.9%)
2013–2025 · Published office asking rents
KPMG reported about 11% growth from €142 in 2013 to about €158 in 2016. Later reports recorded a decline from €196 in 2021 to €183 in 2022, followed by €214 in 2023 and €234 in 2024. The 2025 report put the average at €221, roughly 5.6% below 2024. Changes in the locations, sizes and quality of listings sampled can influence these averages. 2017 report · 2022 report · 2024 report · 2025 report
| Year | €/m²/year | Measure | Source |
|---|---|---|---|
| 2013 | €142 | Average advertised rent | KPMG 2017 report, §5.5.2 |
| 2016 | ≈ €158 | Approximate average advertised rent | KPMG 2017 report, §5.5.2 |
| 2021 | €196 | Average advertised rent | KPMG 2022 report, p. 30 |
| 2022 | €183 | Average advertised rent | KPMG 2022 report, p. 30 |
| 2023 | €214 | Average advertised rent | KPMG–MDA 2024 report, §2.8.1 |
| 2024 | €234 | Average advertised rent | KPMG–MDA 2025 report, §2.8.1 |
| 2025 | €221 | Average advertised rent | KPMG–MDA 2025 report, §2.8.1 |
Years without a verified printed value are omitted. The observations are not joined into a continuous index.
2018–2025 · Asking rent trends by region
North Harbour led throughout the eight years shown. Grand Harbour also ended above its 2018 level, despite falling after 2024. Central and South remained below both harbour regions. The values are approximate readings of Figure 2.27 and can differ slightly from figures in the report text. These regions follow KPMG’s geography, and changes in the mix of offices advertised can affect averages. KPMG–MDA 2025 report · Figure 2.27
| Year | North Harbour | Grand Harbour | Central | South |
|---|---|---|---|---|
| 2018 | ≈ €220 | ≈ €167 | ≈ €138 | ≈ €121 |
| 2019 | ≈ €231 | ≈ €167 | ≈ €153 | ≈ €147 |
| 2020 | ≈ €243 | ≈ €189 | ≈ €151 | ≈ €144 |
| 2021 | ≈ €236 | ≈ €206 | ≈ €148 | ≈ €132 |
| 2022 | ≈ €208 | ≈ €231 | ≈ €112 | ≈ €129 |
| 2023 | ≈ €251 | ≈ €216 | ≈ €147 | ≈ €137 |
| 2024 | ≈ €273 | ≈ €256 | ≈ €166 | ≈ €135 |
| 2025 | ≈ €262 | ≈ €240 | ≈ €167 | ≈ €134 |
Latest Office Malta catalogue snapshot
The median asking rent was €215/m²/year across 490 conventional office rental references of at least 50 m², checked . The sample uses the OfficeSpace.Rent catalogue and can include future starts.
Current catalogue mix by locality
Share of qualifying office rental references by advertised locality.
- Sliema · 57 (11.6%)
- St Julians · 56 (11.4%)
- Mriehel · 40 (8.2%)
- Gzira · 38 (7.8%)
- Birkirkara · 33 (6.7%)
- All other locations · 266 (54.3%)
The current catalogue median and the historical KPMG averages use different sources and measures. Use the current rent index for comparisons by zone, and rental history for successive Office Malta catalogue observations.
How to cite a figure
For a historical number, cite its original publisher, observation year, measure and unit. For example, KPMG–MDA, Construction Industry and Property Market Report 2025, §2.8.1, average office asking rent, €221/m²/year. For the current median, cite Office Malta, the catalogue check date and sample size. Asking rents describe advertised terms. Signed rents, incentives, taxes and service charges can differ.
Office market statistics by location · Malta and EU office price comparison