Category Archives: Kendall Square Office Space

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 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.

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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
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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.

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Cambridge Commercial Real Estate

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
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