The typical asking rate per listing is in the $70's per square foot per year. The North Cambridge region is seeing a an increase in rates. In the last 3 months, the median rate increased $30 per sqft per year. That's a 64% rise in rent.
Compared to the rest of the Greater Boston market, the North Cambridge region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 7 listings have been listed, which means new availabilities are probably 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.
Even though the median size is 41,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 4 stories. Most buildings in this region 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 region. 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.