Most listings are in the $50's per square foot per year. The East Cambridge submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $15 per sqft per year. That's a 42% increase in rent.
Compared to the rest of the Greater Boston market, the East Cambridge region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 7 listings have been made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 57% of the office spaces in the East 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,410 sqft. Most properties in this region are close to 5 stories. Most buildings in this region were built in 1942 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Professional services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst East Cambridge residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.