Most listings are in the $70's per square foot per year. The North Cambridge submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $78 per sqft per year.
Compared to the rest of the Greater Boston market, the North Cambridge submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 6 listings have come on the market, which means leases 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 49,020 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 4 stories. Most buildings in this market were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst North Cambridge residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.