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Malden Office Space

Leasing and Buying Office Space

Malden only five miles to the north of Boston is a substantial enough city size-wise to offer a diverse selection of properties. The options available to investors and real estate developers include everything from industrial or retail complexes to professionals offices and suites in new or older, retrofitted buildings. The city is easy to get around by driving Routs 1, 28, 60, or 99. The MBTA subway has a central stop in the city center to reach any destination in Boston, and another in Oak Grove.

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The commuter rail system also has a stop in the city center. It's easy to access Route 93 just outside the borders of the city. High density in urban areas is one of the features successful commercial investors look for when choosing areas in which to build or expand. When commercial properties in this community become available for sale or lease, developers have the opportunity to create profitable projects in one of the most sought-after areas in Greater Boston.

Neighborhoods and Geographic Location

The borders of this Boston suburb are Melrose to the north, Saugus to the northeast, Stoneham to the northwest, Medford on the eastern side, and Everett to the south. The highest point in the city is Boojum Rock in Middlesex Fells Reservation. One of the closest cities is Winchester. The community has a lot of tree-shaded, green spaces, hiking trails, and brooks that cover approximately 2,200 acres, along with 30 parks.

One of the features of cities in New England that date back to the Colonial era and earliest years of the 19th-century, is that many neighborhoods and towns are constructed around squares. A lot of the neighborhoods in these cities and towns are named for the primary square. The primary squares in addition to the one named for the city are:

The most prominent neighborhoods include:

Leasing Office Space

Leasing office space in this community is a competitive proposition. Buildings in the center of the city feature classical architecture, attractive units at street level with skylights, atriums, and open-concept floor plans. The area gets a lot of foot traffic and is easily within walking distance of the MBTA Orange Line station. Another advantage is that more than 13,000 commuters use the T each day. A lot of new construction is on-going in the area, making it an attractive choice for investors.

Many of the spaces available for lease are suites on the ground level of these buildings. A lot of mixed-use development is proceeding in the square where Pleasant Street and Washington Street meet. The buildings here are close to public transportation and a garage designated for public parking. The suites in these buildings are highly visible and are accessible from Pleasant Street. Some units are available for $28 per square footage.

Buying Office Space

One of the best features of this city is the availability of historic buildings on the market that are ideal for professional suites, with access to the central business district and Route 1. Many of the available units are in buildings constructed in the early 1900s, are well maintained, and offer investors more than 35,000 square feet of leasable space. Amenities include buildings that are repointed, new, exterior lighting, new windows, and updated bathrooms for all tenants. Properties of this caliber are priced in the $3,500,000 range.

Another option for investors is to purchase properties formerly used as retail spaces. Buildings on more than an acre of land have gross leasable areas of more than 13,800 square feet, built as recently as 2000, in the $5,800,000 range. Construction of this type is excellent for conversion to a medical practice. An open concept at the front of the building allows for a spacious waiting area.

Listing Office Space For Lease and Sale

Finding that perfect commercial property in Malden is easier than you think when you have access to Boston City Properties comprehensive database of property or lease and sale throughout Massachusetts. Sign up on our website and you'll have immediate access to listings that are constantly being updated. You're assured of getting the most accurate listings when you input the criteria that's essential to you. When you find the property you want, we'll put you in touch with a real estate professional that will assist you every step of the way.

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