On average, listings lease in the $20's per square foot per year. The Cambridge Highlands region is seeing a an increase in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 15% rise in rent.
Compared to the rest of the Greater Boston market, the Cambridge Highlands submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 7 listings have been made available, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 14% of the available leases in the Cambridge Highlands are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,110 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 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 region. Commute by public transit is the most popular way to get to work amongst Cambridge Highlands residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.