Marios Tannousis wants companies to grow in Cyprus: what that means for offices

In a Cyprus Profile interview dated 25 October 2026, Invest Cyprus CEO Marios Tannousis argues for judging investment by businesses that grow locally, create skilled jobs and remain connected to the economy. For property owners, that invites a practical shift: look beyond company registrations to the people and operations that actually need space.

A strategy statement is not a signed lease

The interview describes an economic ambition. It does not establish how much office space has been leased in any particular city, or that nearby apartment rents have risen. Those property-market questions need their own evidence.

Cyprus Profile · 2026-10-25

From growing teams to usable premises

A business that expands locally may need more workstations, meeting rooms or specialist space. Its employees may also need housing. But the timing and location depend on actual hiring, working arrangements and operating requirements, rather than the company’s registration address alone.

• Ask a prospective business tenant about current local staff, planned occupancy and the required move-in date.
• Check whether the floor plan can accommodate growth without expensive repeated alterations.
• Clarify fit-out responsibilities, power, connectivity and the use permitted for the premises.
• Assess commuting and housing needs around the actual workplace, not a country-wide investment headline.

What a landlord should measure

Useful indicators include occupied desks, a documented space requirement, a realistic fit-out schedule and a lease backed by a viable operating business. An enquiry is an early signal; it is not the same as committed occupancy.

For residential owners, the corresponding question is whether people are actually relocating to the relevant neighbourhood and what accommodation they seek. Do not assume every technology company requires the same housing or office format.

Tannousis’s emphasis on businesses that stay and grow therefore offers a way to ask better questions. It does not supply a rent forecast. Match the property to an evidenced use and test the costs before pricing in future demand.

Invest Cyprus · 2026-10-31

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Explore more market analysis and practical property guides in the Lebanon Property journal.

Prepared by Lebanon Property on 31 October 2026. Source dates and data periods are stated above. Practical implications are editorial analysis, not a valuation, individual legal or credit advice, or a guarantee of prices or returns.