Monte-Carlo Business Center Expands with New Facility at Port Hercule
The Monaco-based company opens its third business center, enhancing facilities for local entrepreneurs.
Monte-Carlo Business Center has expanded its operations by launching a new business center located within the Luciana building at Port Hercule.
This extension marks the company’s third facility in Monaco since its establishment four years ago.
The new center offers an additional 250 square meters tailored for entrepreneurs and small businesses.
Mathieu Liberatore, the head of Monte-Carlo Business Center, highlighted the decision to open in this area, stating that the company seized a real estate opportunity in a part of the principality where it previously had no presence.
Liberatore noted the competitive nature of Monaco's market, which features approximately thirty business centers.
To distinguish itself, the company is focusing on high-end services that include modern offices and facilities.
The new center is equipped with various amenities, including a kitchen, a lounge area, and approximately twenty workstations, which can be configured as either open space or private offices.
Pricing structures within the center show that open space workstations are available for 450 euros per month, while private offices range from 2,800 to 3,200 euros per month, depending on size, which varies from 9 to 25 square meters.
Currently, five professionals have already taken up residence in the open space.
However, Liberatore acknowledged that the average occupancy rate in similar business centers across the region is around 30%.
In contrast, Monte-Carlo Business Center has achieved a 90% occupancy rate, although many companies utilize their facilities primarily for business registration purposes rather than full-time occupation.
In 2024, the company reported an annual revenue of 1.4 million euros.
Despite the new opening, Liberatore suggested that this could be the final site added to their portfolio for the foreseeable future, as the firm is not actively pursuing further expansion unless a compelling opportunity arises.
This extension marks the company’s third facility in Monaco since its establishment four years ago.
The new center offers an additional 250 square meters tailored for entrepreneurs and small businesses.
Mathieu Liberatore, the head of Monte-Carlo Business Center, highlighted the decision to open in this area, stating that the company seized a real estate opportunity in a part of the principality where it previously had no presence.
Liberatore noted the competitive nature of Monaco's market, which features approximately thirty business centers.
To distinguish itself, the company is focusing on high-end services that include modern offices and facilities.
The new center is equipped with various amenities, including a kitchen, a lounge area, and approximately twenty workstations, which can be configured as either open space or private offices.
Pricing structures within the center show that open space workstations are available for 450 euros per month, while private offices range from 2,800 to 3,200 euros per month, depending on size, which varies from 9 to 25 square meters.
Currently, five professionals have already taken up residence in the open space.
However, Liberatore acknowledged that the average occupancy rate in similar business centers across the region is around 30%.
In contrast, Monte-Carlo Business Center has achieved a 90% occupancy rate, although many companies utilize their facilities primarily for business registration purposes rather than full-time occupation.
In 2024, the company reported an annual revenue of 1.4 million euros.
Despite the new opening, Liberatore suggested that this could be the final site added to their portfolio for the foreseeable future, as the firm is not actively pursuing further expansion unless a compelling opportunity arises.
