Quick Answer: The best areas for office space in Malta depend on your budget, industry, and team size. As of 2026, Sliema and St Julian’s are Malta’s premium office locations (EUR 250–450/sqm/yearly), favoured by iGaming and financial services companies. Mriehel serves as Malta’s central business district with modern Grade A offices at EUR 180–380/sqm/yearly. Valletta, the capital, offers prestigious heritage addresses at EUR 200–250/sqm/year. For affordable options, Gzira (EUR 240–400/sqm), Birkirkara (EUR 150–180/sqm), and Naxxar (EUR 150–190/sqm) offer excellent value. Malta has over 3,800 offices for rent across 53 locations, according to OfficeSpace.Rent data.
Malta punches well above its weight as a commercial hub. An island just 316 square kilometres in size hosts thousands of international companies — from global iGaming operators and fintech firms to legal practices and maritime businesses. For any company entering or expanding in Malta, one of the first decisions is where to set up an office. In this guide, we explore the best areas for offices in Malta to help you choose the right location for your business.
Unlike larger countries where a single city dominates, Malta’s business landscape is spread across a dozen distinct areas, each with its own character, price point, and industry mix. This guide compares every major office location to help you choose with confidence. All pricing data is current as of Q1 2026 and drawn from the latest market data published by OfficeSpace.Rent.
How to Choose the Right Office Location in Malta
Before diving into individual locations, consider the six factors that matter most when selecting an office address in Malta.
Budget and Rent Levels
Office rents in Malta vary by up to three times depending on location. Premium seafront addresses in Sliema or Portomaso command EUR 300–450 per square metre per annum, while inland areas such as Naxxar or Qormi start from EUR 150/sqm/annum. For a detailed breakdown, see our pricing guide.
Your budget should account for total occupancy cost — not just headline rent. Factor in communal maintenance fees, utilities (electricity in Malta is significant due to air-conditioning demand), and parking costs. A useful rule of thumb: office rent should not exceed 10–15% of revenue for early-stage companies. If spending more, consider a more affordable area or a serviced office that bundles costs into a single monthly fee.
Industry Clusters and Networking
Malta has distinct industry clusters by area, and being near your peers matters. Proximity helps with talent recruitment, facilitates meetings with clients and partners, and keeps you close to sector-specific regulators.
The major clusters as of 2026 include iGaming in Ta’ Xbiex and St Julian’s, legal and financial services in Valletta, technology in Gzira and Smart City, and large corporate operations in Mriehel. Being within your industry cluster also signals legitimacy — regulators and investors view it positively when a company is based alongside its peers.
Transport and Accessibility
Malta has no metro, tram, or rail system. Malta’s public bus network covers all major business areas with a hub-and-spoke model from the Valletta terminus, though services can be infrequent on secondary routes. Most professionals drive to work, making road access and parking critical factors.
For client-facing businesses, proximity to Malta International Airport matters — it is a 15–25 minute drive from most business districts. The Valletta–Sliema ferry is a useful alternative for commuters between these two hubs.
Prestige and Client Perception
Address prestige matters in Malta’s relationship-driven business culture. Sliema seafront, Portomaso in St Julian’s, and Valletta carry the highest prestige. Mriehel is increasingly respected for large-footprint tenants in Grade A buildings such as Trident Park. Some companies maintain a prestigious registered address (often through a serviced office in Malta) while operating from a more affordable location.
Parking Availability
Parking is one of the most underrated factors in Malta office selection. With over 770 cars per 1,000 people, Malta has one of Europe’s highest vehicle ownership rates. The situation varies dramatically:
- Valletta: Virtually no private parking. Staff rely on Park & Ride or the MCP car park.
- Sliema: Very limited street parking. Large car parks available in most of the areas. Some buildings offer basement parking at EUR 75–150/space/month.
- Mriehel: Purpose-built car parks within most developments. Allocated parking typically included.
- Naxxar, Birkirkara, San Gwann: Generally ample on-street parking.
Building Quality and Class 4A Permits
All commercial offices in Malta require a Class 4A use permit from the Planning Authority. Operating without the correct permit exposes tenants to fines and potential lease invalidation. Before signing any lease, confirm the property holds a valid permit. Our Class 4A office permit guide explains the process in detail.
Building quality ranges from converted residential apartments (common in Valletta and parts of Sliema) to purpose-built Grade A towers (Mriehel, Portomaso). Key considerations include lift access, central air conditioning, backup generator, fibre internet, and disability access.
Premium Locations — Sliema and St Julian’s
Sliema — The Seafront Business Address
Sliema is Malta’s most prestigious commercial address outside the capital. The Strand and Tower Road seafront host headquarters of major iGaming operators, financial services firms, and international companies. Office stock ranges from converted period buildings on interior streets to modern high-specification blocks along the waterfront. Browse available offices in Sliema to see current stock and pricing.
| Attribute | Detail |
|---|---|
| Average Rent | EUR 22–35/sqm/month |
| Typical Office Sizes | 350–2,000 sqm |
| Parking | Limited; some buildings offer basement parking |
| Public Transport | Excellent bus connections; ferry to Valletta |
| Internet | Fibre available in most commercial buildings |
| Best For | iGaming HQs, financial services, international companies |
| Prestige Rating | 5/5 |
| Notable Developments | Tigne Point, The Strand offices, Fort Cambridge area |
Companies based in Sliema tend to be well-funded and client-facing — iGaming brands, payment providers, fund administrators, and international consultancies. The address carries immediate recognition. Beyond business, Sliema’s promenade, restaurants, and proximity to top residential areas help with talent retention. Many employees walk to work from nearby Gzira, Ta’ Xbiex, or Sliema itself.
The downsides are cost and congestion. Sliema commands the island’s highest rents, parking is a persistent challenge, and rush-hour traffic can add 20–30 minutes to commutes. Companies prioritising value may find better options in Mriehel or Gzira. For Sliema office space at more accessible prices, look at interior streets rather than the seafront.
Sliema’s commercial market remains robust. Demand outpaces supply for quality stock, and rents have held steady or risen year-on-year per the Q1 2026 market report. New developments at Fort Cambridge are adding limited modern stock, but Sliema will remain a premium, supply-constrained market. See all current Sliema offices.
St Julian’s — Tech, Entertainment, and Portomaso
St Julian’s is Malta’s entertainment and technology hub, anchored by the Portomaso Business Tower — one of the island’s most recognisable commercial addresses. The area attracts iGaming companies, tech firms, and hospitality-adjacent businesses, drawn by modern office stock and a marina-side setting. Explore St Julian’s offices for the full range.
| Attribute | Detail |
|---|---|
| Average Rent | EUR 18–35/sqm/month (Portomaso premium: EUR 28–35) |
| Typical Office Sizes | 50–3,000 sqm |
| Parking | Moderate; Portomaso has dedicated parking; street parking difficult |
| Public Transport | Good bus connections |
| Best For | iGaming, tech, entertainment, companies wanting marina/hotel adjacency |
| Prestige Rating | 5/5 (Portomaso), 4/5 (general St Julian’s) |
| Notable Developments | Portomaso Business Tower, Pendergardens, Paceville area |
Portomaso is a distinct micro-market. The tower offers Grade A space with dedicated parking, concierge services, and a marina-front address at EUR 28–35/sqm/month. Outside Portomaso, St Julian’s offers broader stock at EUR 18–28/sqm/month — Pendergardens provides modern mixed-use space, while smaller blocks cater to mid-size companies.
The vibrant after-work scene (restaurants, bars, Paceville nightlife) makes St Julian’s popular with younger teams and international staff. However, Paceville proximity means noise in some areas, and traffic congestion along Spinola Bay is significant during peak hours.
For companies seeking prestige with a dynamic environment, St Julian’s is hard to beat. Browse office space in St Julian’s for current opportunities, and compare St Julian’s listings alongside Ta’ Xbiex and Sliema for a full view of Malta’s premium market.
Central Business District — Mriehel
Mriehel is Malta’s designated Central Business District (CBD), transformed from an industrial zone into a modern corporate hub. Developments such as Trident Park, The Quad Central, and Centre Point have brought Grade A office space at prices significantly below Sliema and St Julian’s. See available offices in Mriehel for current listings.
| Attribute | Detail |
|---|---|
| Average Rent | EUR 15–22/sqm/month |
| Typical Office Sizes | 200–5,000 sqm |
| Parking | Good; most developments include multi-storey car parks |
| Public Transport | Moderate; improving with new bus routes |
| Best For | Large corporates, back-office operations, companies needing large floorplates |
| Prestige Rating | 4/5 (and rising) |
| Notable Developments | Trident Park, The Quad Central, Centre Point, JB Business Centre |
The cost advantage is substantial. A company leasing 500 sqm in Mriehel at EUR 18/sqm pays EUR 9,000 monthly — the same footprint in Sliema at EUR 30/sqm costs EUR 15,000. That EUR 72,000 annual saving can fund several additional hires. Modern buildings here offer large open floorplates of 500–5,000 sqm, integrated car parks, high-speed lifts, 24/7 security, and backup generators — features older blocks in Sliema and Valletta cannot match.
The trade-offs are streetscape and amenities. Mriehel lacks the dining and retail density of Sliema or St Julian’s, though this is improving. Some areas are still transitioning from industrial use. For companies prioritising functional workspace over lifestyle, Mriehel CBD offices represent the island’s strongest value proposition.
Capital and Heritage District — Valletta
Valletta, Malta’s UNESCO World Heritage capital, combines historic 16th-century architecture with restored modern interiors. It is home to government institutions, embassies, legal firms, and financial services companies that value tradition and unmatched prestige. Explore available offices in Valletta.
| Attribute | Detail |
|---|---|
| Average Rent | EUR 18–25/sqm/month |
| Typical Office Sizes | 50–500 sqm (limited by building stock) |
| Parking | Very limited; Park & Ride recommended; MCP car park available |
| Public Transport | Excellent; bus terminus is the national hub; ferry to Sliema |
| Best For | Legal firms, government-facing businesses, financial services, embassies, consultancies |
| Prestige Rating | 5/5 |
| Notable Constraints | Heritage restrictions on external modifications; narrow staircases in some buildings; limited large floorplates |
Businesses that thrive here benefit from proximity to Malta’s centres of power. The law courts, government ministries, and the Malta Financial Services Authority (MFSA) are all in or adjacent to the capital. Legal firms, notaries, and licensed financial services companies find genuine operational advantages in this proximity.
The practical challenges are significant: virtually no parking within the city walls (most workers use Park & Ride or the MCP car park at City Gate), historic buildings with narrow staircases and heritage restrictions, and limited large floorplates. Most available units are 50–300 sqm.
Many international companies choose Valletta for their registered office address even if operating elsewhere — the capital-city address carries considerable weight in regulatory communications. Valletta offices range from restored palazzo suites to more modest converted spaces, and the limited supply means stock moves quickly.
Seafront Business Strip — Ta’ Xbiex and Gzira
Ta’ Xbiex — Malta’s iGaming Hub
Ta’ Xbiex has become synonymous with Malta’s iGaming industry. This small seafront town along the Marsamxett Harbour houses dozens of Malta Gaming Authority-licensed operators and service providers. Browse Ta’ Xbiex office space currently available.
| Attribute | Detail |
|---|---|
| Average Rent | EUR 16–24/sqm/month |
| Typical Office Sizes | 100–2,000 sqm |
| Parking | Moderate; some street parking, limited building parking |
| Public Transport | Good; on the Sliema–Valletta bus corridor |
| Best For | iGaming operators, sports betting companies, affiliate marketing |
| Prestige Rating | 4/5 |
The concentration of iGaming companies creates a powerful cluster effect. Compliance consultancies, payment processors, gaming-law advisors, and marketing agencies have all established offices nearby, creating a self-reinforcing ecosystem. For a newly licensed operator, being within walking distance of your entire supply chain provides genuine operational advantages.
Ta’ Xbiex offers a more relaxed environment than Sliema with rents typically 20–30% lower, while still providing a prestigious waterfront address on the main Sliema–Valletta bus corridor. For current availability, see offices in Ta’ Xbiex.
Gzira — The Affordable Seafront Alternative
Gzira sits between Sliema and Msida, offering seafront offices at significantly lower rents than its more prestigious neighbour. The area is increasingly popular with mid-size companies, tech firms, and startups seeking a central location without Sliema pricing. View current Gzira offices.
| Attribute | Detail |
|---|---|
| Average Rent | EUR 14–20/sqm/month |
| Typical Office Sizes | 50–1,000 sqm |
| Parking | Limited but better than Sliema |
| Public Transport | Good; on main bus routes |
| Best For | Startups, mid-size companies, tech firms, companies outgrowing co-working |
| Prestige Rating | 3/5 |
Gzira’s value proposition is straightforward: a central, seafront location at 30–40% less than Sliema. A 200 sqm office here at EUR 16/sqm costs EUR 3,200/month; the equivalent in Sliema would be EUR 5,400–6,000. The area is particularly popular with technology and SaaS companies that prioritise practical workspace over prestige.
Proximity to the University of Malta in neighbouring Msida gives Gzira an edge for companies recruiting graduates. New commercial developments are improving stock quality, and dining options have expanded. While it lacks Sliema’s cachet, Gzira is increasingly recognised as a smart choice for growth-phase companies. Explore office space in Gzira for current listings.
Growing Business Areas — Birkirkara, Naxxar, Pieta, and San Gwann
Several growing areas offer excellent value for companies that do not need a seafront or capital-city address. These locations suit local businesses, back-office operations, and cost-conscious international firms.
Birkirkara
| Attribute | Detail |
|---|---|
| Average Rent | EUR 12–18/sqm/month |
| Best For | Back-office operations, local businesses, cost-conscious companies |
| Parking | Good |
| Prestige Rating | 3/5 |
One of Malta’s largest towns, Birkirkara sits at the geographical centre of the island with excellent road access in every direction. The office stock mixes purpose-built commercial units and converted properties at genuine savings versus coastal areas. Its central position suits companies whose staff and clients are spread island-wide. See available offices in Birkirkara.
The trade-off is prestige — Birkirkara does not carry the cachet of Sliema or Valletta. But for back-office operations, customer service centres, and local professional practices, it delivers solid value with good parking and central accessibility.
Naxxar
| Attribute | Detail |
|---|---|
| Average Rent | EUR 10–15/sqm/month |
| Best For | Companies needing space and parking, northern Malta businesses |
| Parking | Excellent |
| Prestige Rating | 2/5 |
Naxxar offers the most affordable rents in this guide. Newer developments provide modern units with ample on-site parking — increasingly rare in central areas. For companies needing large amounts of space at the lowest cost per square metre, Naxxar office space is worth serious consideration.
The trade-off is distance: a 20-minute drive from Sliema with limited public transport. Best suited to manufacturing support, distribution, IT back-office teams, and businesses serving northern Malta.
Pieta
| Attribute | Detail |
|---|---|
| Average Rent | EUR 14–20/sqm/month |
| Best For | Healthcare-adjacent, education sector, small professional firms |
| Parking | Moderate |
| Prestige Rating | 3/5 |
Pieta occupies a waterfront position between Msida and Valletta. It is home to several government agencies (including the Malta Gaming Authority) and benefits from proximity to the University of Malta and Mater Dei Hospital. These anchors make Pieta natural for education-sector companies, healthcare-adjacent businesses, and professional services firms.
Commercial stock is growing but more limited than larger business areas. Rents are comparable to Gzira, with a pleasant, less frenetic working environment. An underrated option for small firms wanting a waterfront address at mid-range pricing.
San Gwann
| Attribute | Detail |
|---|---|
| Average Rent | EUR 12–16/sqm/month |
| Best For | Tech companies, creative agencies, companies wanting central but affordable |
| Parking | Good |
| Prestige Rating | 2/5 |
San Gwann sits adjacent to Birkirkara within easy reach of Sliema, St Julian’s, and Mriehel. It has become popular with tech companies, creative agencies, and SMEs that want a central location at affordable rents with good road connectivity and adequate parking.
Like Birkirkara, San Gwann trades prestige for practicality. Proximity to St Julian’s and Sliema means employees can access those areas’ amenities within a short drive — the best of both worlds.
Master Location Comparison Table
The table below compares Malta’s 12 principal office locations side by side. All pricing reflects Q1 2026. For the most current figures, refer to the full pricing guide.
| Location | Avg Rent (EUR/sqm/mo) | Prestige | Parking | Public Transport | Best Industries | Office Sizes Available | Walk to Seafront |
|---|---|---|---|---|---|---|---|
| Sliema Seafront | 25–35 | 5/5 | Poor | Excellent | iGaming, Finance, International | 100–2,000 sqm | On seafront |
| Portomaso, St Julian’s | 28–35 | 5/5 | Good (building) | Good | iGaming, Finance, Tech | 100–3,000 sqm | On marina |
| St Julian’s (general) | 18–28 | 4/5 | Moderate | Good | Tech, iGaming, Entertainment | 50–1,500 sqm | 5 min |
| Valletta | 18–25 | 5/5 | Very Poor | Excellent | Legal, Finance, Government | 50–500 sqm | On harbour |
| Ta’ Xbiex | 16–24 | 4/5 | Moderate | Good | iGaming, Betting, Affiliates | 100–2,000 sqm | On seafront |
| Mriehel CBD | 15–22 | 4/5 | Good | Moderate | Corporates, Large teams, BPO | 200–5,000 sqm | 15 min drive |
| Gzira | 14–20 | 3/5 | Limited | Good | Startups, Mid-size, Tech | 50–1,000 sqm | On seafront |
| Pieta | 14–20 | 3/5 | Moderate | Good | Professional services, Education | 50–500 sqm | On seafront |
| Birkirkara | 12–18 | 3/5 | Good | Moderate | Back-office, Local businesses | 100–1,000 sqm | 10 min drive |
| San Gwann | 12–16 | 2/5 | Good | Moderate | Tech, Creative, SMEs | 50–500 sqm | 10 min drive |
| Naxxar | 10–15 | 2/5 | Excellent | Limited | Space-intensive, Northern Malta | 100–2,000 sqm | 20 min drive |
| Qormi | 10–14 | 2/5 | Excellent | Limited | Warehousing/office, Back-office | 200–3,000 sqm | 15 min drive |
Prices as of Q1 2026. Source: OfficeSpace.Rent. Actual rents vary by building specification, floor level, and lease terms.
Best Location by Industry
Different industries gravitate toward different parts of Malta for practical reasons. Below is a breakdown for Malta’s five most prominent business sectors.
iGaming and Online Betting
Recommended: Ta’ Xbiex (primary), St Julian’s/Portomaso (premium), Sliema (headquarters)
Malta is one of the world’s leading regulated iGaming jurisdictions, with over 300 companies licensed by the Malta Gaming Authority. The vast majority are concentrated in Ta’ Xbiex, St Julian’s (particularly Portomaso), and Sliema — driven by proximity to the MGA, an established talent pool, and prestigious addresses that support licensing applications.
Financial Services and Fintech
Recommended: Valletta (regulatory proximity), Sliema (client-facing), Portomaso (premium)
Financial services firms benefit from proximity to the MFSA and Central Bank of Malta, both in Valletta. Fund administrators and payment institutions often choose Valletta for regulatory convenience and prestige. Sliema is popular for firms prioritising modern, client-facing environments. Companies relocating to Malta may benefit from incentives offered by Malta Enterprise, the national development agency.
Legal and Professional Services
Recommended: Valletta (primary), Sliema (secondary), Floriana (value alternative near Valletta)
Valletta is the traditional home of Malta’s legal profession. The law courts, government offices, notarial archives, and key regulatory bodies are all within the capital. For firms needing regular court and government access, a Valletta address is both prestigious and practical. Sliema serves as a secondary hub for larger commercial law firms.
Technology and SaaS
Recommended: Gzira (affordable central), St Julian’s (lifestyle), Mriehel (large teams), Smart City (tech-focused)
Tech companies prioritise talent-friendly locations, scalable space, and cost efficiency. Gzira’s proximity to the University of Malta, affordable rents, and growing tech community make it popular for software and SaaS firms. Larger operations favour Mriehel for big floorplates, while St Julian’s attracts companies using lifestyle as a recruitment tool.
Startups and Early-Stage Companies
Recommended: Gzira (affordable seafront), co-working spaces island-wide, Birkirkara (value), San Gwann (central affordable)
For startups, flexibility and cash conservation are paramount. Co-working spaces and serviced offices in Malta offer the lowest barrier to entry, from EUR 150/month for a hot desk to EUR 325/month for a small private office. Gzira is the most popular traditional-lease location for startups at EUR 14–20/sqm. Birkirkara and San Gwann offer further savings.
Industry-Location Match Table
| Industry | Top Location | Alternative | Avg Budget/sqm | Key Requirement |
|---|---|---|---|---|
| iGaming | Ta’ Xbiex | St Julian’s, Sliema | EUR 18–30 | MGA proximity, prestige |
| Financial Services | Valletta | Sliema, Portomaso | EUR 20–35 | MFSA proximity, client-facing |
| Legal | Valletta | Floriana | EUR 18–25 | Court access, government offices |
| Tech / SaaS | Gzira | Smart City, St Julian’s | EUR 14–22 | Talent-friendly, scalable |
| Professional Services | Sliema | Valletta, St Julian’s | EUR 18–30 | Client-facing, accessible |
| Startups | Gzira | Birkirkara, Co-working | EUR 12–18 | Affordable, flexible |
| Maritime | Ta’ Xbiex | Valletta | EUR 16–24 | Port proximity, tradition |
Best Location by Budget
Your monthly budget is often the most practical starting point. Below is what each level secures as of 2026.
Under EUR 500/month
Traditional leases are not realistic at this level. Instead, look at co-working hot desks (EUR 150–250/month) or dedicated desks (EUR 250–400/month) in Sliema, St Julian’s, or Gzira. Small serviced offices start from EUR 325/month with providers such as SOHO Malta. This lets freelancers and solo startups obtain a prestigious address and meeting facilities without a private lease.
EUR 500 — EUR 1,000/month
This opens up small serviced offices (one to three desks) in most locations, or small traditional-lease offices in affordable areas. Look at Gzira, Birkirkara, Naxxar, San Gwann, and Qormi for 25–60 sqm traditional leases. Best for small startups, two-to-four person teams, and sole practitioners.
EUR 1,000 — EUR 2,000/month
Access mid-size serviced offices or traditional leases in Gzira, Mriehel, Birkirkara, Pieta, and San Gwann, with typical sizes of 60–150 sqm. Entry-level Sliema is within reach at the upper end. The sweet spot for growing companies with five to ten staff transitioning from co-working.
EUR 2,000 — EUR 5,000/month
All of Malta’s major locations become accessible. This secures 100–300 sqm across Sliema, St Julian’s, Valletta, Mriehel, and every other area in this guide. Premium serviced offices with high-end fit-outs are also available. Suits established SMEs with 10–25 staff needing client-meeting facilities.
EUR 5,000+/month
Headquarter-grade space: large premium offices, full-floor leases, or multi-floor setups in Malta’s best buildings. Look at Sliema Seafront, Portomaso, Trident Park in Mriehel, and prime Valletta buildings. Typical sizes from 300 sqm upward. Serves corporate headquarters, iGaming operators, financial services firms, and companies with 25+ staff.
Frequently Asked Questions
What is the cheapest area to rent an office in Malta?
As of 2026, Qormi and St.Venera are the most affordable areas, with rents starting from EUR 10/sqm/month. These areas offer excellent parking and generous floor areas but are further from the seafront business districts. For a 50 sqm office, expect EUR 500–750/month. Refer to our pricing guide for a full breakdown.
Where do most iGaming companies have their offices in Malta?
The majority of Malta’s 300+ licensed iGaming operators are based in Ta’ Xbiex, St Julian’s (particularly Portomaso), and Sliema. Ta’ Xbiex has become Malta’s “iGaming hub” due to its concentration of MGA-licensed operators along the seafront. The Malta Gaming Authority itself is in nearby Pieta. Browse iGaming offices in Ta’ Xbiex for current availability.
Is Valletta a good location for a startup office?
Valletta offers unmatched prestige and excellent public transport, but is generally not the most practical choice for startups. Parking is very limited, building stock is older with heritage restrictions, and rents (EUR 18–25/sqm/month) are above mid-range. Startups typically find better value in Gzira, Birkirkara, or co-working spaces.
How important is parking when choosing an office in Malta?
Very important. Malta has one of Europe’s highest car ownership rates (over 770 vehicles per 1,000 people), and most employees drive. Mriehel, Naxxar, and Birkirkara offer good parking, while Sliema and Valletta present significant challenges. Factor in dedicated spaces at EUR 50–150/month per space, or choose a location with on-site parking from the outset.
Can I rent an office in Malta on a short-term basis?
Yes. Serviced offices and co-working spaces offer contracts from one month to 24 months. Providers such as SOHO Malta (from EUR 325/month), Regus, and various independent operators offer flexible terms in Sliema, St Julian’s, Valletta, and Mriehel. Traditional leases typically require one-plus-one or two-plus-two year commitments, making serviced offices better for short-term needs.
