Malden Retail Space - For Rent & Sale
Typical Properties
This area is split between refurbished historic structures and contemporary redevelopments. Because of its urban density, the area favors complexes that are located close to other businesses.
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Retail Space
The property at 295 Canal Street was completed in 2018, and features 55,231 square feet of leasable area. Located near the heart of downtown, this steel and brick construction building has five floors and is located next to a variety of transit options, including the MBTA Commuter Rail line and the Orange Line. It is also only five miles from Logan International Airport. The building purposefully has open floor plates to encourage and aid tenant customization of the space, which features ample suites on the ground floor that are lit by enormous windows. Located along the Malden River, this building has suites ranging in size from 1,869 square feet to 14,416 square feet, and has a number of manicured trees and hedges along the perimeter of the structure.
Those seeking a bustling downtown locale with a roomy lot will enjoy the property at 11 Charles Street, which is located near numerous other businesses in a highly walkable area. With 16,533 square feet of leasable space, the building is seeking a single tenant to inhabit the single story unit. For interested parties, the building could also be transformed into a build to suit opportunity, which would expand the total area to 32,000 square feet. Uses could include industrial, food production, flexible zoning, research and development, office, or standard commercial retail purposes. The property is within walking distance of the Malden Orange Line, and is also reachable from Interstate 93 and Route 60.
Built in 1951, the two properties for sale at 100 Hospital Road have a combined landmass of 36.82 acres and a square footage of 300,000 square feet. The properties are divided into an 18 acre parcel of land and the existing structure, which features six floors of suites in a brick building that has an undulating, rectangular exterior that faintly recalls the massing at the Salk Institute in terms of its grandeur and scope. Located 1.0 mile from the Malden Center Station, the property is accessible by both public transit and the interstate.
Housed within an enormous residential structure, the ground floor commercial suites at 480 Main Street offer a built-in audience as well as the promise of customers from the adjoining busy street. Built in 2015, the 214,337 square foot complex spans six stories and occupies the majority of a city block. The ground floor suites distinguish themselves from the resdiential portion of the structure by way of tan stone that forms a distinct frame around each unit. In addition to an onsite fitness center, pool, and lounge, the commercial suites benefit from being only 0.5 miles from the Malden Center Station.
Built in 2017, the complex at 100-150 Exchange Street offers the ideal mix of retail and residential units, with six stories of suites overlooking the center of the city. The 211,000 square foot complex has suites of 1,830 square feet available on the ground floor, which provides a bustling environment in which to conduct commercial ventures. Located one block from the Malden Center station, this building offers a high traffic locale with a built-in customer base. Signage is available on both sides of the building, which features an undulating color pattern of red and white and tan, as well as an interior courtyard for relaxation and connection among residents. Landscaping is provided along the perimeter of the building in the form of trees and manicured hedges.
Average Renting and Buying Prices
The average rent in this neighborhood for a commercial suite is $2.00 per square foot per month, while the purchase price ranges from $60 to $150 per square foot.
The property at 67 Maplewood Street is located near the center of downtown, and was built in 1900. The two story structure is surrounded on all sides by banks of elegant arched windows, and has been beautifully maintained. With 35,200 square feet of leasable area, the building has recently added a new tar and gravel roof, and as well as a first level rubber roof. The adjoining street is heavily trafficked by both pedestrians and vehicular traffic, and is located 1.7 miles from the Malden Center Commuter Rail. Logan International Airport is 7.5 miles away. The floor plan is highly configurable, and ideal for business display and commercial activities. The interiors feature exposed brick and freshly refurbished floors. The sale price for this property is $3,500,000, or $99.43 a square foot.
The property at 5-13 Pleasant Street is located in the heart of downtown. The sidewalk out front is made of brick, and has wide apertures opening to the street that welcome pedestrians and encourage vehicular traffic to slow down. The structure has a total of 7,860 square feet, and was built in 1910. It has a curving storefront which occupies a corner lot, making it visually memorable. A bank of windows is positioned along the top floor, and the ground floor suite has enormous display panes as well as several glass-paneled entryway doors. Signage can be mounted directly below the bank of windows on the second floor. The floor plan is open, and can be easily configured to suit specific tenant needs. Suites of 2,640 square feet are available, and the rent for this structure is $2.65 a square foot per month.
The building at 350 Main Street has a stately appearance on its prominent corner lot. With six stories of suites, the building has a total of 169,800 square feet available for lease. Suites of 8,824 square feet to 11,435 square feet are available, depending on the tenant’s desired amount of room. In addition to a fitness center, the building also has a dedicated food court, and is only 0.4 miles from the Malden Center Station. Built in 1989, the structure has a prominent ground floor series of suites that are easily accessible to passerby on the sidewalk outside. The rent for this property is $2.33 per square foot per month.
The beautiful green facade of the structure at 1 Salem Street occupies a corner lot, and offers suites with inspiring views of the surrounding city. Located near the center of downtown, this building was originally built in 1900, and possesses stunning period details that make it immediately visually identifiable. With 15,825 square feet of leasable space, the property has suites ranging in size from 720 square feet to 5,275 square feet. High ceilings are featured on all three floors, from the sumptuous ground floor commercial area to the lofty environments of the office suites on the top floor. Drop tile ceilings and carpeted floors are available, while the numerous windows provide a soothing supply of natural light and ventilation. The rent for this property ranges from $1.67 to $2.50 a square foot per month.
Real Estate News
Several properties in this city have recently become targets for redevelopment, including the properties at 263 and 277 Commercial Street. Formerly the sites of daily newspapers, the properties are now host to a new development. This structure consists of a one story 14,000 square foot building with 76 parking spaces. A six story development with residential units was ultimately not approved partly due to concerns about height restrictions. The new property will primarily be dedicated to health care, although the property will have suites that could be used for commercial purposes.
The new development at 200 Exchange Street will bring 315,000 square feet of mixed used space to the neighborhood, featuring an abundance of ground floor retail as well as a data center with the latest technology. The purpose of this structure is to foster innovation and create the opportunity for a small city within the city. The existing structure currently has flexible floor plates, high ceilings, and very sturdy floors that can handle relatively heavy equipment or furniture. The redevelopers intend to preserve the infrastructural capabilities of the building while adding an atrium-like two story light well that will derive its illumination from an enormous skylight, simultaneously creating a central gathering space and beautiful aesthetic feature. The building will also add a two story lobby, bicycle storage, and an onsite fitness center to accommodate employee health concerns. The ground floor will be dedicated to commercial suites, many of which will feature floor to ceiling display windows to better showcase both the interiors and the goods for sale. Located close to an MBTA Commuter Rail line station, the structure will provide 16,000 square feet of retail space. The property was sold in June 2017 for $21,686,000, or $69.02 per square foot.
The emphasis on the capabilities of the data center in the press materials for 200 Exchange Street is indicative of the area’s larger appeal to technology companies that rely heavily on processing, storage, and interaction with other technologically minded companies. Many of the neighborhoods surrounding the center core of Boston have recently begun to see tremendous growth in the number of technological tenants moving to their area. Likewise, the focus on innovation mirrors the trends in other sectors of the city that have rebranded themselves as hubs to attract greater talent and corporate headquarters. Several recent housing projects have added units to the overall stock of the city, creating a nearby supply of talented, trained employees who are ready to take on whatever new projects may come their way.
In addition to being located close to the Malden Center line, this development is also accessible via Interstate 93 and route 1. This ease of access bodes well for other future redevelopment projects in the area. Unlike other suburbs or neighboring cities that have already been identified as hot markets, this area has all of the best amenities of a dense urban core without the high prices. Investors who possess a keen vision are advised to secure properties here, as the future portends an enormous return on every dollar spent in this town.
Sign Up Benefits
With so many new projects opening up and so many older structures being freshly renovated, there are an almost endless number of units to see. Many investors make a point of monitoring the listings to determine when new properties hit the market, but this can become overly time consuming. Instead of spending hours scrolling through listings, the efficient way to handle this process is to sign up for our customized viewing service.
With this service, our clients can immediately begin viewing the properties they most want to see when they most want to see them. We have worked hard to cultivate a list of excellent contacts within the local industry. From brokers to agents to property owners, we can supply you with contact information for virtually any property and arrange a viewing appointment almost immediately. Our clients don’t have to worry about missing a great opportunity because of an unread email or a missed phone call. We take the difficulty out of viewing, and give our clients unprecedented access to the hottest properties in the market.
We are particularly excited about this area due to its incredible potential as a site for profitable redevelopment. Numerous sites that were once host to a particular industry are now being reconfigured for use in a twenty-first century context. However, unlike neighborhoods like the Seaport District, investors have the opportunity to get in on the ground floor of what will likely be a massively profitable wave of development without spending a tremendous amount of money. The prices in this area are still relatively low compared to the larger region. With an established public transit system and easy access from a variety of points, the area is primed to develop into a highly profitable center of commerce.
By signing up for our viewing service, clients will be able to view those properties that best suit their needs. Many of the buildings that are currently on the market in this city feature highly flexible floor plates that are perfect for a variety of different purposes. We recommend viewing some of the historic structures that are located close to the center of town to get a feel for the highly adaptable units this city offers.
However, we are also able to rapidly arrange appointments in the newest developments, and help our clients get in touch with the designers who are creating custom rooms and suites for individual tenants. If you represent an organization that is seeking a particular build out or long term lease option, we can speed up the process between your initial interest and the unveiling of the contract. Best of all, with our service you’ll save time with the logistics of viewing properties. We line up appointments not only to suit your schedule, but also to save you time between travel destinations. Instead of wasting valuable time trekking from one side of the city to the other, we make it possible for you to view properties in a given area all at once, thereby speeding up the time it takes to make an informed decision about the property you’d most like to lease or buy.
Whatever configuration you may be seeking, by signing up with our service today you’ll be able to see the best this city has to offer.
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Retail Space