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The Malin opens first Boston coworking location in Seaport

The Malin opens first Boston coworking location in Seaport

Built World Boston, MA local

The hospitality-driven workspace network opened a 20,000-square-foot space at 115 Autumn Lane on Oct. 5, and its CEO says the company is cash-flow positive with about 11 more sites under construction

November 3rd, 2026: The Malin discloses $6.8M raised and cash-flow-positive status

Overview

Updated 6 days ago

The Malin opened its first Boston location on Oct. 5, a 20,000-square-foot space on the second floor of WS Development's 115 Autumn Lane in the Seaport. It has 12 private offices, 32 dedicated desks, four meeting rooms, 12 phone booths and a library that doubles as an event room.

Founder and CEO Ciarán McGuigan told Observer on Nov. 3 that The Malin has raised $6.8 million, is cash-flow positive and remains majority-owned by him. His team put first-half 2026 revenue at $13.4 million, up 68 percent from a year earlier, with 12 locations open and about 11 under construction. Founding memberships in Boston cost $299 a month for shared space and $640 for a dedicated desk.

Why it matters

Seaport workers and startups gain a design-led workspace alternative, while The Malin tests whether its hospitality model can thrive in a competitive Boston market.

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Key Indicators

12
Locations open
The Malin locations open nationwide as of Nov. 3, 2026, including Boston
$13.4M
First-half 2026 revenue
Company-reported revenue for the first half of 2026, up 68 percent from a year earlier
$6.8M
Total capital raised
Equity raised over four and a half years, per CEO Ciarán McGuigan
$299
Founding membership (monthly)
Introductory monthly rate for founding members of the shared membership; a dedicated desk is $640 a month

Voices

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People Involved

TN
Todd Norley
Vice President of Leasing, WS Development
Active
MM
Mark Monroe
General Manager, The Malin Seaport
Active
CM
Ciarán McGuigan
Founder and CEO, The Malin
Active

Organizations Involved

The Malin
The Malin
Coworking network
Operating 12 locations, including its first Boston site

Hospitality-driven coworking network with locations in New York, Tennessee, Texas, Georgia, Washington, D.C., and Boston.
WS Development
WS Development
Real Estate Developer / Landlord
Landlord of 115 Autumn Lane

Developer of Boston's Seaport District, including 115 Autumn Lane, where The Malin leases the second floor.
Corderman & Company
Corderman & Company
Construction firm
Built out The Malin Seaport

Build-out contractor for The Malin Seaport, responsible for the interior construction.

Timeline

November 2025 November 2026

6 events Latest: November 3rd, 2026 · 1 week ago
Tap a bar to jump to that date

  1. The Malin discloses $6.8M raised and cash-flow-positive status

    Latest Financial

    CEO Ciarán McGuigan told Observer the company had raised $6.8 million in four and a half years, was cash-flow positive and had 12 locations open with about 11 under construction.

  2. BostonYPA coworking day listed at The Malin Seaport

    Event

    BostonYPA listed a day of coworking at the space, with lunch and coffee included for attendees who RSVP in advance.

  3. The Malin Seaport opens

    Opening

    The Malin opens its first Boston location at 115 Autumn Lane, with private offices, dedicated desks, and meeting rooms.

  4. Mark Monroe named General Manager of The Malin Seaport

    Leadership

    Mark Monroe announced he joined The Malin as general manager of the Seaport location, leading the Boston team and its membership community.

  5. Construction begins on The Malin Seaport

    Construction

    Corderman & Company starts build-out of the 20,000-square-foot space, including private offices, desks, and a terrace.

  6. Malin announces Boston Seaport location

    Announcement

    The Malin reveals plans to open a 20,000-square-foot coworking space at 111 Harbor Way, in partnership with WS Development. The plan was reported in November 2025.

Scenarios

1

Malin announces second Boston location by 2028

Possible Resolves by End of 2028

Discussed by: Analysts watching coworking expansion in the Northeast

If the Seaport location attracts steady membership, The Malin may open a second site in Cambridge or Back Bay to capture different submarkets. The company's rapid growth since 2021 suggests it moves quickly when a model works.

2

Malin Seaport closes within three years

Unlikely Resolves by Oct 11, 2029

Discussed by: Coworking industry observers recalling WeWork and The Wing failures

Hospitality-driven coworking spaces can struggle to cover high rent in prime districts if occupancy lags. If The Malin fails to fill its 12 private offices and 32 dedicated desks, it could exit the lease early.

3

All planned 2026 Malin locations open by year-end

Possible Resolves by End of 2026

Discussed by: The Malin's own expansion promises

With Boston open as its 12th location, The Malin said in October 2026 that five more were planned in New York, California, Texas and Utah. CEO Ciarán McGuigan told Observer in November that about 11 locations were under construction.

Historical Context

2 moments from history that rhyme with this story — and how they unfolded.

2010-2023

WeWork's rise and fall (2010-2023)

WeWork expanded aggressively, offering cushy, amenity-filled workspaces backed by SoftBank. At its 2019 peak, it was valued at $47 billion, then its IPO collapsed and it filed for bankruptcy in 2023.

Then

WeWork's overexpansion and governance problems led to a valuation crash and eventual bankruptcy.

Now

The coworking industry learned that growth without profitability is fragile.

Why this matters now

The Malin's hospitality-driven model resembles WeWork's premium approach, but on a smaller scale. The cautionary tale highlights the risk of expanding too quickly.

2016-2020

The Wing's closure (2016-2020)

The Wing built a network of women-focused, design-forward coworking spaces. It grew to over a dozen locations, but the pandemic emptied offices and the company shut down in 2020.

Then

COVID-19 and financial strain forced The Wing to liquidate.

Now

Boutique coworking operators face high operating costs and dependence on membership renewal.

Why this matters now

The Malin shares The Wing's emphasis on aesthetics and community. The Wing's failure shows why such models need resilient demand and tight cost control.

Sources

(13)
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Banker & Tradesman The Malin Connect CRE High-Profile Monthly Eventbrite LinkedIn Boston Real Estate Times BostonYPA CoworkingMag NBC Boston Palaner Observer BostonYPA