The typical asking rate per listing is in the $50's per square foot per year. The Cambridge Highlands region is going through a an increase in rates. In the last 3 months, the median rate went up $59 per sqft per year.
Compared to the rest of the Greater Boston market, the Cambridge Highlands submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 25 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 320 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this area were built in 1978 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Professional services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Cambridge Highlands folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Cambridge Highlands.
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