0 New Greenline Stops Bode Well for Cambridge Real Estate

map of the greenline extension project

Credit: Bostinno.Streetwise.co

The city of Boston is growing its daytime and nighttime population and with that comes infrastructure, who steps in?  The T.  Well yes, it has been discussed for years, but the Greenline is adding six stops in Cambridge, Somerville and Medford.  While some might argue that the Greenline is slow and clunky, yes it’s the old subway in the country, is still performs.  By adding these stops commuters will gain affordable timely access to the city.

Bostinno.Streetwise notes the MBTA’s Green Line Extension project or GLX, calls for “a total of six new Green Line stops added in Cambridge, Somerville and Medford, as well as the relocation of the existing Lechmere Station. One of those planned stops is Union Square – a location which is due to receive its own billion dollar makeover.”

For more info on the GLX, jump over to Bostinno.Streetwise.

0 Cambridge Office Rents Continue to Climb

Boston from Cambridge over redline T

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.