The typical asking rate per listing is in the $50's per square foot per year. The East Cambridge submarket is going through a an increase in rates. In the last 3 months, the median rate went up $15 per sqft per year. That's a 42% increase in rent.
Compared to the rest of the Greater Boston market, the East Cambridge submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 7 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 57% of the available space in the East Cambridge are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,410 sqft. Most buildings in this market are approximately 5 floors. Most buildings in this area were built in 1942 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst East Cambridge occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.