Published on and written by Cyril Jarnias
Spain offers numerous opportunities for entrepreneurs looking to establish themselves in its territory. Whether you’re looking for commercial space, an office, or a warehouse, the country has a dynamic and diverse real estate market to meet business needs. This article will guide you through the key steps to find the ideal space for your business in Spain.
The Secrets to Finding the Perfect Space for Your Business
Finding the ideal space for your business in Spain requires a strategic and methodical approach. Here are some tips to optimize your search:
- Clearly define your needs in terms of space, location, and budget
- Use specialized real estate portals like Idealista, Fotocasa, or Habitaclia
- Consult local real estate agencies specializing in commercial property
- Explore industrial and commercial areas in cities that interest you
- Contact local chambers of commerce for information about the real estate market
Don’t hesitate to visit multiple properties and compare offers before making your decision. Competition can be fierce in certain areas, so it’s important to act quickly once you’ve found a space that meets your expectations.
Good to Know:
Commercial lease agreements in Spain are typically signed for a minimum duration of 5 years, with the possibility of extension. Make sure you fully understand the contract terms before committing.
Key Players for Renting Your Professional Space
To facilitate your search for space in Spain, several specialized agencies can assist you:
- CBRE: Global leader in commercial real estate, present in major Spanish cities
- Cushman & Wakefield: Offers in-depth expertise of the Spanish real estate market
- JLL: Provides comprehensive services for office and commercial space rentals
- Savills: Specialist in high-end real estate, including for businesses
- Aguirre Newman: Renowned Spanish agency for its local expertise
These agencies have extensive property portfolios and can help you find the space that perfectly matches your needs. They can also assist with negotiations and administrative procedures.
Good to Know:
Some agencies offer customized “property finding” services for foreign companies looking to establish themselves in Spain. Don’t hesitate to inquire about these personalized services.
The Winning Application to Convince Property Owners
To rent commercial space in Spain, you will typically need to provide the following documents:
- ID or passport of the company’s legal representative
- Spanish tax identification number (NIF) for the company
- Commercial registry extract (less than 3 months old)
- Company bylaws
- Balance sheets and income statements for the last two fiscal years
- Business plan for new companies
- Bank guarantees or deposits
A complete and well-prepared application will increase your chances of securing the desired space, especially in high-demand areas. Don’t hesitate to consult a lawyer or manager to help you prepare your application.
Good to Know:
Spanish legislation provides special protection for commercial tenants. Make sure you understand your rights before signing a lease agreement.
Budget to Plan for Your Professional Space
The cost of renting commercial space in Spain varies considerably depending on location, size, and property type. Here are some average estimates:
- Downtown offices (Madrid/Barcelona): €20-35/m²/month
- Suburban offices: €10-20/m²/month
- Commercial spaces (premium locations): €50-150/m²/month
- Warehouses/industrial zones: €3-8/m²/month
In addition to rent, budget for utilities (electricity, water, internet) and local taxes. A security deposit equivalent to 2-6 months’ rent is typically required.
Good to Know:
In some areas, it’s common to pay an entry fee (traspaso) to take over an existing commercial lease. This amount can be negotiated with the property owner or outgoing tenant.
Spanish Cities to Establish Your Business at Lower Cost
If you’re looking to optimize your establishment costs, certain Spanish cities offer interesting opportunities:
- Valencia: Spain’s third-largest city, offering a good balance between quality of life and moderate costs
- Seville: Economic center of Andalusia with attractive rental prices
- Zaragoza: Strategic location between Madrid and Barcelona, with competitive real estate costs
- Malaga: Emerging technology hub with affordable cost of living
- Bilbao: Industrial center undergoing transformation, offering opportunities in various sectors
These cities often offer tax incentives and establishment aid to attract businesses. Check with local economic development agencies to learn about specific benefits in each region.
Good to Know:
Technology parks and business incubators in these cities often offer spaces at preferential rates for startups and innovative SMEs.
State Support for Your Establishment
Spain offers various aids to facilitate business establishment in its territory:
- ICEX (España Exportación e Inversiones): Provides support services for foreign investors
- Regional establishment assistance programs: Grants and tax benefits depending on the region
- Tax incentives for R&D and innovation: Tax reductions for innovative companies
- Hiring assistance: Social charge reductions for job creation
- Preferential financing: Advantageous rate loans for SMEs through the Official Credit Institute (ICO)
These aids can significantly reduce your establishment and operating costs. Don’t hesitate to contact the relevant organizations to learn about programs you may qualify for.
Good to Know:
Some municipalities offer local tax reductions or land at preferential prices to attract businesses. Check with the economic services of cities that interest you.
Conclusion
Finding the ideal space for your business in Spain requires time and preparation, but opportunities are plentiful. By following the advice in this article and working with professionals, you’ll maximize your chances of successfully establishing your business.
Spain offers a business-friendly environment, with a dynamic market and modern infrastructure. Whether you choose a major metropolis or a medium-sized city, you’ll find solutions adapted to your needs and budget.
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Cyril Jarnias is an independent expert in international wealth management with over 20 years of experience. As an expatriate himself, he is dedicated to helping individuals and business leaders build, protect, and pass on their wealth with complete peace of mind.
On his website, cyriljarnias.com, he shares his expertise on international real estate, offshore company formation, and expatriation.
Thanks to his expertise, he offers sound advice to optimize his clients' wealth management. Cyril Jarnias is also recognized for his appearances in many prestigious media outlets such as BFM Business, les Français de l’étranger, Le Figaro, Les Echos, and Mieux vivre votre argent, where he shares his knowledge and know-how in wealth management.
