Renting premises in Mallorca has become a truly attractive alternative for entrepreneurs and companies that are looking for opportunities for growth and expansion.
If you are thinking of renting a commercial space in Mallorca, there are many reasons why it can be a good investment. The island is a recipient of tourism throughout the year, which means that there is a great demand for commercial premises for shops, restaurants, bars and any other business.
In addition, Mallorca is a center for business and events, with many fairs and conferences that attract professionals and businessmen from all over the world.
It also has excellent infrastructure and access to international markets, which facilitates product transportation and logistics.
The Current Situation of the Rentals of Premises in Mallorca
Mallorca offers a wide variety of rental options available. From small shops in the old town of Palma to large stores in the island's shopping centers, there are options for all types of businesses and budgets.
This town has experienced steady economic growth in recent decades, especially driven by its tourism industry. The service sector, including tourism, hospitality and retail, has been one of the main drivers of the local economy.
Regarding the commercial premises rental market, availability and prices may vary depending on the location and specific demand at any given time.
Analysis of Rental Prices in Mallorca
There are different types of commercial premises available for rent, depending on your needs and the type of business you want to establish. Prices to rent premises in Mallorca vary depending on the type of premises and its location. Below, we offer you a general idea of the prices of premises per square meter (m²) in different areas:
- Palma center: they can vary between €50 and €150 per square meter, depending on the size and specific location of the business premises.
- Turistic zones: are generally high, with rents ranging from €30 to €80 per square meter.
- Residential areas: they are usually lower than in tourist or commercial areas, between €15 and €30 per square meter.
- Malls: These vary according to the location and the size of the premises, their price are between €20 and €50 per square meter.
These prices are only a general guide and may vary depending on the location, size and quality of the premises.
Requirements and Procedures to Rent a Premises in Mallorca
The requirements and procedures necessary to rent premises in Mallorca, or rent offices in Mallorca, may vary depending on the nature of the lease. Some of the general requirements and procedures requested are:
- Documentation: The owner may request your personal identification, such as a passport or identity document, personal and/or business references.
- Rental contract: This should include detailed information about the premises, such as size, location, rental price, and length of contract.
- Down Payment: This deposit is usually equivalent to one or two months' rent and is returned at the end of the contract if there is no damage to the premises.
- Rent payment: The form, term and method of payment of the rent must be agreed.
- Licenses and permits: Depending on the type of business you want to run on the premises, you may need to obtain additional licenses and permits from the local government.
- Tax payment: As a tenant of a commercial premises, you will have to pay taxes, such as the Real Estate Tax (IBI) and the Economic Activities Tax (IAE).
- Insurance: It is advisable to take out civil liability insurance and content insurance to protect your business and your assets in case of accidents or theft.
It is important to highlight that these are some of the most common procedures and requirements for renting premises in Mallorca. It is advisable to seek expert advice to ensure compliance with all legal and tax requirements before signing the rental agreement.
Benefits of Renting a Premises in Mallorca
Renting premises in Mallorca offers the opportunity to establish yourself in a prosperous and dynamic environment, where you can take advantage of economic growth and the presence of tourists .
With a privileged location and a welcoming atmosphere, Mallorca presents itself as an ideal destination for those looking to establish or expand their business in an attractive and promising environment.
Future Trends in the Rental Premises Market in Mallorca
In the local rental market in Mallorca, several future trends are being observed that may influence the profitability and demand for commercial premises on the island. Some of these are:
- Flexible workspaces, such as coworking centers and shared office spaces.
- Increased demand for commercial premises that use sustainable materials and renewable energy.
- Companies are placing more emphasis on creating unique and engaging customer experiences, which is why there is greater demand for venues with innovative designs and welcoming spaces.
- Increased demand for locations with advanced technology, such as mobile payment systems, augmented reality, and automation.
In short, the market for local rentals in Mallorca is evolving to adapt to future trends and the changing demands of consumers and companies.
We recommend reading the articles: Rental situation in Spain and Real Estate Situation in the Balearic Islands.
How to find the commercial premises you need in Mallorca
If you are looking to rent a local in Mallorca, at AMJ Business Lounge we can advise you. We guide you on the different types of premises available, the most suitable areas for your business and the rental prices on the market.
By working with us, you can save time and effort searching for commercial premises, and have peace of mind knowing that you are receiving professional and expert advice. Don't wait any longer and start looking for the perfect commercial premises for your business in Mallorca!
