The typical asking rate per listing is in the $70's per square foot per year. The North Cambridge submarket is seeing a a boost 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 more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 6 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 listings below 2,000 sqft. Most buildings in this area are around 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 area. Commute by motorcycle is the most popular way to get to work amongst North Cambridge folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.