Find Commercial Space or Office in Monaco

Published on October 21, 2025 and written by Cyril Jarnias

Monaco, this small Mediterranean principality, is a premier economic and financial hub that attracts numerous companies from around the world. However, finding the ideal commercial space for your business in this limited and sought-after area can prove to be a real challenge. This article will guide you through the essential steps to find the perfect space for your business in Monaco, whether it’s an office, retail store, or warehouse.

The Secrets to Finding Hidden Gems in Monaco

Finding commercial space or an office in Monaco requires a strategic and well-informed approach. Here are some tips to optimize your search:

1. Precisely define your needs: Before starting your search, determine the required square footage, type of space (office, retail, warehouse), and essential characteristics for your business.

2. Explore different neighborhoods: Monaco is divided into several districts, each with its specific characteristics. La Condamine is ideal for retail, Monte-Carlo for prestigious offices, and Fontvieille for light industrial activities.

3. Use online resources: Platforms like Monaco-Commercial.com or ImmoMonaco.com regularly list professional spaces for rent or sale.

4. Consult a specialized real estate agent: Local professionals have thorough knowledge of the Monegasque market and can save you valuable time.

5. Be responsive: The real estate market in Monaco is very dynamic. When you find a space that meets your criteria, don’t hesitate to act quickly.

Key Players in Monaco’s Commercial Real Estate

To maximize your chances of finding the ideal space, it’s essential to contact the right agencies. Here’s a selection of the main players in Monaco’s commercial real estate:

• Agence de la Costa: Specialized in luxury real estate and high-end commercial spaces
• John Taylor Monaco: A reference for prestigious offices and retail spaces
• Miells & Partners: Offers a wide range of professional spaces in all districts
• Dotta Immobilier: Recognized expertise in office leasing and sales
• Monaco Commercial: Online platform dedicated to commercial real estate

These agencies typically have diverse portfolios and can assist you through all stages of your search, from viewing to lease signing.

Don’t hesitate to contact multiple agencies to increase opportunities. Each may have exclusive properties that match your criteria.

The Perfect File: Essential Documents to Convince

To lease commercial space in Monaco, you’ll need to prepare a strong application. Here are the documents typically required:

• Commercial Registry extract (less than 3 months old)
• Company bylaws
• Balance sheets and income statements for the last three fiscal years
• Identification of the manager or legal representative
• Bank guarantee or personal guarantee from the director
• Detailed business plan for new businesses
• Authorization to operate in Monaco (for certain regulated activities)

Meticulous preparation of your file is crucial. A complete and well-presented file will significantly increase your chances of obtaining the desired space.

For foreign companies wishing to establish themselves in Monaco, additional documents may be required, including certified translations of official company documents.

The Price of Excellence: Understanding Rental Costs in Monaco

Monaco is renowned for its high-end real estate, and commercial spaces are no exception. Prices vary considerably depending on location, size, and quality of the property. Here’s an overview of price ranges for leasing professional spaces in Monaco:

• Offices: From €500 to €1,500 / m² / year
• Retail: From €1,000 to €3,000 / m² / year for premium locations
• Warehouses: From €200 to €400 / m² / year (mainly in Fontvieille)

It’s important to note that these prices are indicative and can vary significantly. The most sought-after locations, such as Avenue de Monte-Carlo or Boulevard des Moulins, can command much higher rents.

In addition to rent, you should budget for: – Maintenance fees (typically between 10% and 15% of rent) – Security deposit (often equivalent to 3 months’ rent) – Agency fees (typically one month’s rent excluding taxes) – Lease registration fees (approximately 1% of annual rent)

Emerging Neighborhoods: Where to Establish at Lower Cost?

Although Monaco is a limited territory, some areas offer more affordable opportunities for businesses:

1. Fontvieille: This recent district, reclaimed from the sea, hosts numerous business spaces and offices at more competitive prices than the historic center.

2. La Condamine: This traditional commercial district still offers some opportunities for small shops and offices, with rents slightly lower than Monte-Carlo.

3. Moneghetti: Located on Monaco’s border, this district offers office spaces at more accessible rates while remaining close to the center.

4. Les Moulins: Although central, this district sometimes offers interesting opportunities for small commercial or office spaces.

5. La Rousse: This developing residential district is seeing new office spaces emerge, often at more attractive prices than in the center.

To optimize your budget, also consider coworking spaces or business centers developing in Monaco. They offer flexibility and included services that can be advantageous for small structures or businesses in the launch phase.

Principality Support: Assistance and Incentives for Establishment

Although Monaco is known for its advantageous tax environment, the Principality also offers specific measures to encourage business establishment and development:

1. Corporate tax exemption: Companies generating over 75% of their revenue in Monaco are exempt from corporate tax.

2. Installation assistance: The government can, in some cases, provide financial aid for new business establishment, particularly in sectors deemed strategic.

3. Employment subsidies: Hiring assistance is available for companies recruiting Monegasque residents or people living in neighboring municipalities.

4. Innovation support: Monaco Boost, the state incubator, offers moderately priced workspaces and support for innovative startups.

5. Credit facilities: The Principality has implemented guarantee schemes to facilitate business access to bank credit, particularly for acquiring or leasing professional spaces.

To benefit from these aids, it’s recommended to contact Monaco’s Welcome Office, which can direct you to programs suited to your situation.

Finding the ideal space for your business in Monaco may seem challenging, but with a methodical approach and the right partners, it’s an entirely achievable goal. The Principality offers a dynamic business environment and unique opportunities for companies ready to invest in this prestigious market.