Category Archives: Cambridge Office Space

0 Marine Industrial Park to House New Spec Building

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6 Tide Street in Boston's Industrial Park

Photo Credit: Boston Business Journal

As rents have continued to rise and vacancy has dropped, landlords are becoming more bullish on the office market future.  Spec buildings, previously considered a thing of the past due to the high cost of construction (compared to the cost of renovating an existing structure) are reemerging in the Hub’s commercial landscape with a new addition to Boston’s marine industrial park.

The Boston Business Journal reported, “Danvers-based Kavanagh Advisory Group is expected to break ground by year’s end on the first new building in six years on the eastern edge of the Hub’s Innovation District.”

Details on the spec building are available on the BBJ’s coverage of the new development at Marine Industrial Park.

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.”

Related Office Space
Available Commercial Real Estate in Boston

0 Amazon Leases Office Space in Kendall Square

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Kendall square office spaceAmazon is on the move in Massachusetts; first, they agreed to collect Massachusetts sales tax from local customers which they have resisted for years, then they expanded their footprint in East Cambridge/Kendall Square.

An article in the Boston Globe notes, “the online retailing giant is leasing 105,000 square feet on several floors at 101 Main St., at the foot of the Longfellow Bridge, according to a person briefed on the deal. The company has already posted more than 30 local openings for software engineers and other tech professionals, another clear signal Amazon is speeding up efforts to establish a large presence in Massachusetts’ technology community.”

Continue reading the Boston Globe’s article on Amazon’s recent lease, or view available office space in Kendall Square.

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 Boston Set for Commercial Real Estate Recovery in 2013

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Boston office building near government centerBoston’s commercial real estate market will see office lease rates soar in 2013, and is one of 10 cities expected to experience significant growth. The growth is attributed to areas of high-technology and biomedical research & development, which attract highly-educated workforces.

Thomas Grillo, Real Estate Editor at the Boston Business Journal, noted that “Boston made the list of Top 10 U.S. cities where the commercial real estate recovery will soar next year with gains in leasing, rents and pricing across all property sectors”, citing an Urban Land Institute’s Emerging Trends in Real Estate Forecast.

More information on the Urban Land Institute’s forecast is available on the Boston Business Journal’s Real Estate section.

0 Cambridge Expansion for Merrimack Pharmaceuticals

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Office space at one kendall square cambridge As the market strengthens, companies are making long-term commitments by expanding their footprint and ensuring they have a place to grow. This is evident in Merrimack Pharmaceuticals’s announcement that its expanding its lease at One Kendall Square in Cambridge.

Additional details on the new long term lease in Cambridge are available on the Boston Business Journal.

Related Office Space Listings
Cambridge Commercial Real Estate

0 Growing Demand for Boston and Cambridge Office Markets

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office space at 1 kendall square in cambridge maThe Boston Office market continues to push rents up as the vacancy rates drops.

A recent office market overview by Newmark Grubb Knight Frank noted, “the paradigm is shifting in many submarkets from a tenant-favored market to a landlord-favored market.”

Read the complete report at Banker & Tradesman.