The typical asking rate per listing is in the $50's per square foot per year. The Cambridge Highlands submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $24 per sqft per year. That's a 66% increase in rent.
Compared to the rest of the Greater Boston market, the Cambridge Highlands region 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 listed, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the available space 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.
The standard measurement for office space in this area is around 320 sqft. Most properties in this region are around 2 floors. 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 area. Commute by public transit is the most popular way to get to work amongst Cambridge Highlands occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.