Most listings are in the $50's per square foot per year. The North Cambridge submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $28 per sqft per year. That's a 36% decline in rent.
Compared to the rest of the Greater Boston market, the North Cambridge region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 6 listings have been made available, which means listings are probably going fast. 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.
Even though the median size is 4,730 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are around 4 stories. Most buildings in this area 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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.