Most listings are in the $50's per square foot per year. The Cambridge region is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Greater Boston market, the Cambridge submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 32 listings have been listed, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 38% of the available leases in the Cambridge 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.
Even though the median size is 4,730 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 5 floors. Most buildings in this area were built in 1970 and are Class A.