For rent

Industrial units for rent in the Canary Islands

Renting is the quickest way to land your operation without a large up-front outlay. We help you find the right unit and understand the lease, the deposit and the handover before you sign — and how it fits the 4% ZEC regime.

What to expect when renting

Industrial leases in the Canary Islands fall under Spain's Ley 29/1994 (LAU), in its rules for uses other than housing. That law leaves most terms to the parties, so the lease itself matters more than any statutory default. A deposit of two months' rent is the usual market practice, set by agreement rather than by a fixed rule.

Lease lengths for warehouses commonly run three to five years, often with a binding minimum period and a notice clause for early exit. The IGIC, the islands' indirect tax, applies to commercial rent at the general 7% rate set by Ley 20/1991 — lower than the 21% VAT charged on the mainland.

How the lease works for a foreign company

A company based abroad can be a tenant, but it needs a Spanish tax identity to trade: a NIE for individuals acting for it, or a CIF for the entity. Most incoming operations form a Canary company, which is also the usual route into the ZEC. The landlord will typically ask for a deposit, and may ask for a bank guarantee or additional security depending on the covenant.

Renting is different from a traspaso, the assignment of an existing business lease together with its fittings and, sometimes, its goodwill. A traspaso can save fit-out time, but it carries the prior tenant's terms and should be reviewed carefully before you commit.

What to check before signing

• Contracted power

  Confirm the available power supply. Many processes need three-phase and a contracted load that a standard unit may not carry.

• Activity licence

  Check that the unit’s licence covers your use. Changing the permitted activity means a new municipal procedure.

• Use & fit-out

  Confirm the unit suits your layout: clear height, floor loading, offices and any cold or clean-room needs.

• Loading & manoeuvring

  Check dock access, door height and the manoeuvring yard. Articulated lorries need room a small unit will not give.

Renting and the 4% ZEC

Renting does not put the ZEC out of reach. A registered company deducts its rent against the reduced 4% taxable base, and the scheme's minimum investment can be met through plant, equipment and fit-out rather than by buying the building. For the full picture, see our guide to the ZEC tax framework and the practical steps in the relocation guide.

General guidance only; not tax or legal advice. Lease terms, deposits and rates vary — confirm with a qualified adviser. Last reviewed: June 2026.