Category Archives: cambridge ma office space

0 East Cambridge Office Market One of Hottest in the Country

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The office market in East Cambridge is one of the hottest in the country. Rental rates have increase by 15 – 20 percent in the last twelve months alone and don’t show any sign of letting up.

East Cambridge office vacancy and market stats graph

Photo Credit: SquarefeetJournalDotCom

At the CBA Event; Cambridge Looking Behind the Deals a question was asked, “Why don’t tenants look in alternate submarkets?”  The answer, “Because that’s where Harvard and MIT are.”  Truth be told, groups like Twitter, Microsoft and Google want to be there and can afford to be.  Those that get squeezed out are the real startups.

 

0 Boston Commercial Market Shows Full Recovery

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office space at 10 Langley Place in Newton MaThe recovery is well underway which is evident by the downtown vacancy rate dropping below 10 percent.

According to a Banker & Tradesman article, referencing  a Jones Lang LaSalle (JLL) report on commercial leasing, “Boston is officially in growth mode and has exceeded its pre-recession jobs peak…high-tech and life sciences continue to grow, at 9.8 percent and 5.9 percent year-over-year, respectively.”

Additional details on the commercial market recovery are available on the Banker & Tradesman website.

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0 Facebook Interested in Cambridge Office Space

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office_space_in_technology_sq_cambridgeIs Facebook returning to its roots?  The Kendall Square office market is vacancy rates at a record low with Class A rents in the $50’s per square foot.

An exclusive report on the Boston Business Journal quotes a source with knowledge of Facebook’s growing interest in Cambridge office space, “they want to have a larger footprint here…they want to be near MIT to recruit staff and they want to be next to similar firms.”

The article also notes that Facebook currently has four employees in a temporary office space at 711 Atlantic Ave. in Boston’s Financial District.

For additional details on Facebook’s search for Cambridge office space, click through to the BBJ exclusive.

0 Boston Commercial Real Estate Market Starts 2013 Strong

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Office building at 1 Financial Center in Boston massThe office market is strong within greater Boston and hasn’t this active with positive rent growth and absorption since 2007.  This is due to a couple of components; flight to quality, migration to Boston from suburban markets, new companies entering the market and companies within Boston expanding.

The Boston Business Journal notes, the strength of the market; “greater Boston’s office market achieved more than 2.8 million square feet of positive absorption last year, the strongest showing since 2007”

Specific areas of growth in the Boston office market are detailed on the Boston Business Journal’s article, here. Alternatively, follow the link to preview available office space for lease in Boston.

0 Boston Building Growth Strong in 2012

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office building in downtown bostonYes, our city as we know it is changing and by that, I mean growing. With 22 developments starting in 2012 we can expect to see 2,500 construction workers taking to the streets to build new offices and homes. So, take time to let them in our out of traffic so our city can continue to grow and prosper.

A report in Banker and Tradesman notes that “in 2012, projects broke ground in Allston/Brighton, Charlestown, Chinatown, the Innovation District, Jamaica Plain, the Longwood Medical Area, Mattapan, Roxbury and South Boston. These projects have housing, hotel, athletic, municipal, office and retail uses.”

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Available Commercial Real Estate in Boston

0 Bike Sharing Company Zagster Moves to Kendall Square

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Kendall Sq T-Stop in Cambridge, MA

Photo Credit: MIT.edu

Zagster is calling Kendall Square its new home after vacating Philadelphia. Zagster is one of the nation’s oldest bike sharing companies whose goal is to ensure shared or rentable bikes are easily and cost-effectively made available to businesses, universities, and property-management companies that desire to embrace the numerous benefits of biking.

The Harvard Crimson explains the impact of the former Philadelphia-based company’s move to the Cambridge neighborhood, noting, “with [its] new offices less than a mile from the pioneering car sharing company Zipcar, Zagster’s arrival earlier this year has continued to develop Cambridge as a center of sustainable urban living.”

Jump over The Crimson to view its full article.

Related Cambridge Commercial Real Estate Listings
Available Kendall Square Office Space for Lease

0 Office Space in Kendall Square Pricing Out Start-ups

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Kendall Square office building in Cambridge, MAQuestion, where do you put your office for your newly venture backed technology company?  Well, it might not be Kendall Square.  The Financial District of Boston has vacancy rates below 15 percent with prices in the Class B buildings around $30 per square foot.

The Boston Globe offers some perspective on this transformation, noting that “gentrification has made Kendall too expensive or too popular for the many, smaller, younger tech businesses that gave the area such cachet.”

Related Commercial Real Estate Availability
Kendall Square Office Space
Office Space for lease in Boston’s Financial District

 

0 Office Space at 400 Technology Square in Cambridge Filling Fast

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Office space for lease at 400 technology sq. in kendall square, cambridge

(Photo via Boston Business Journal)

East Cambridge/Kendall Square continues to push rents upward and vacancy down. 162,000 square feet of new leases have been signed at 400 Technology Square. Asking rents in the East Cambridge/Kendall Square submarket for Class A space will start in the low $50’s per square foot.

Among the new tenants, the Boston Business Journal reports, “The Ragon Institute, Massachusetts Institute of Technology, Harvard University, Epizyme, Warp Drive Bio and Aramco Services Co.”

More information is available on the BBJ website.

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Commercial Real Estate for Lease in Cambridge, Ma
Available Office Space in Kendall Square