0 Cambridge Office Rents Continue to Climb

Posted on December 30, 2014 by Wil Catlin

Credit: Banker and Tradesman

The torch gets passed to Kendall Square with office rents in Cambridge skyrocketing, and one market expected to climb even higher. Kendall is the spot to be for blue chip tech companies, but why – is it the view of the Boston Skyline? No, simply put it’s Harvard and MIT that are the attraction. Companies want to attract top talent and want to associate with these prestigious institutions any way they can.

Banker and Tradesman is reporting “building owners in the lab- and office-packed Cambridge neighborhood [of Kendall Square] are quoting $80 a square foot for prime space…[while] the vacancy rate for office space in the Cambridge neighborhood is a practically air-tight 0.6 percent.”

More information on the demand trends of Kendall Square office space is available on B&T’s website.

0 Cambridge Innovation Center at 15 Years Old

Posted on December 18, 2014 by Wil Catlin

Credit: Boston.About.com

Creating a community for innovators to innovate might be one of the most valuable innovations in Boston. Yes, the deals that are brought to market through CIC are what the VC’s are looking for, but without Tom Rowe’s platform — the Cambridge Innovation Center — some of these ideas may have been kept on the shelf and not made it to market.

A Boston Globe article offers some insight on CIC’s direction for the future:

“In April, [founder, Tim Rowe] opened the CIC Boston, a 60,000-square-foot shared office space downtown, and it has been just a few weeks since he opened CIC St. Louis, his first out-of-state venture and the largest startup space that is not on the East or West coast. Rowe was keen to cozy up to the Midwestern city’s startup scene: He saw promise in Washington University’s health care colossus and was tickled when Boeing opened offices in the 120,000-square-foot space — one of its first occupants. Lately, he has been shuttling to and from the Netherlands as he looks to take CIC global.”

Additional details and photos from the CIC’s 15th anniversary, are available on the Globe’s website.

0 Entrepreneurial Demand at MIT Outgrows Space

Posted on December 15, 2014 by Wil Catlin

Credit: The Boston Herald

Our up and coming innovators are being told to wait at MIT! The demand for some of the innovative classes is outpacing the school’s ability to service students along with listing seats for alums looking to join the MIT Innovation Lab. This is a sign that our economy still has a long runway ahead of innovative ideas from some of our creative thinking individuals.

From the Boston Herald:

“We’re bursting at the seams,” said Vladimir Bulovic, associate dean for innovation in the School of Engineering and co-author of the preliminary report. “There is a tremendous drive by students for more and more entrepreneurial activity.”

“[A report commissioned by the university] recommends a number of solutions, including a co-working space for recent MIT graduates, the construction of two “Innovation Hubs” on campus, and the creation of the Laboratory for Innovation Science and Policy, a department that would study the innovation process and how to foster it.”