The typical asking rate per listing is in the $70's per square foot per year. The North Cambridge submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $30 per sqft per year. That's a 64% increase in rent.
Compared to the rest of the Greater Boston market, the North Cambridge submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 7 listings have been posted online, 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 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 spaces below 2,000 sqft. Most buildings in this area are close to 4 floors. 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 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.