Most listings are in the $50's per square foot per year. The Cambridge region is experiencing a decline in rates. In the last 3 months, the median rate decreased $36 per sqft per year. That's a 42% decline in rent.
Compared to the rest of the Greater Boston market, the Cambridge region 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 made available, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 22% of the available space in the Cambridge are subleases, so you might be able to snag a great spot on a short term. 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 4,730 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 5 stories. Most buildings in this region were built in 1970 and are Class A.