The typical asking rate per listing is in the $50's per square foot per year. The Cambridge Highlands submarket is going through a a boost in rates. In the last 3 months, the median rate increased $59 per sqft per year.
Compared to the rest of the Greater Boston market, the Cambridge Highlands submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 7 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 14% of the office spaces in the Cambridge Highlands 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.
The standard measurement for office space in this area is around 320 sqft. Most properties in this market are close to 2 stories. Most buildings in this area were built in 1978 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Professional services is the dominant industry in this region. Commute by public transit is the most popular way to get to work amongst Cambridge Highlands folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.