Cambridge Office Space

Locating suitable office space in Cambridge, MA, has never been easy. These days, though, it's trickier than ever. In addition to being home to MIT, Harvard and other prestigious institutes of higher learning, Cambridge has a flourishing biotech and life science economy, so demand for office space, including lab space, is at an all-time high. Still, if you need office space in Cambridge, you aren't out of luck; you just need access to the right resources. Boston City Properties is happy to provide you with everything that you need to identify top-notch office space in this bustling city just across the Charles River from Boston.

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Office Space in Cambridge

So, what's going on with office space in Cambridge? A quick look at recent news reveals that vacancy rates are near historic lows. In 2015, for example, the vacancy rate for office space in Cambridge was 4.2 percent. Odds are that that figure will be lower still for 2016. An influx of major corporate tenants has made things even more difficult for "little guys" like startups. In addition to snatching up much of the best space, big companies drive up rent prices with their deep pockets. This is why it's more important than ever to connect with Boston City Properties.

Over the last few years, rent prices for office space in Cambridge have been rising by almost 9 percent annually. The most recent available information states that average office space in Cambridge is currently leasing for an average of $75 per square foot. Meanwhile, premium office space is leasing for an average of $90 per square foot. To say that office space is getting pricey in Cambridge would be a huge understatement. However, affordable space is out there--it just isn't very easy to find. With access to our searchable database and help from our experts, though, you'll get what you need before you know it.

About Cambridge Office Space

For a number of reasons, Cambridge has long been a business and commerce hub. Although the city is dominated by higher education, biotech and life sciences, businesses from many other industries thrive there too. As a result, office space here tends to be very eclectic. Much of it includes lab space, which makes sense given the types of tenants that dominate the area. For the most part, Class B office space is the norm. However, a smattering of Class A offices is available too. However, if you really need it and want more flexibility, Boston's Financial District or downtown are where to look.

How Much Does Office Space Cost in Cambridge?

Before getting too carried away in your search for Cambridge office space, you'd probably like to know how much you can expect to pay. As mentioned above, average office space in the city currently leases for an average of $75 per square foot. Since this is an average, there should be plenty of space that costs well less than that. By the same token, of course, this means that there's plenty of space that costs a lot more too. Rents continue to increase every year to the tune of about 9 percent, so if you want to keep costs down, now is the time to act.

Tips

If you're looking for advice for locating suitable office space in Cambridge, MA, you've come to the right place. Boston City Properties is the authority when it comes to commercial real estate in the greater Boston area, and we're happy to lend a hand. First, here are some tips for identifying and leasing suitable office space for your business:

• Fix it Up Yourself and Save - There's nothing wrong with saving some money by leasing space that needs a little work. However, there's no law that says that you have to pay someone to do it for you. Save money by taking care of as much of the work as possible.
• Investigate the Landlord - After zeroing in on promising office space in Cambridge, ask around about the landlord or property management company, if possible. What is their reputation like? The last thing that you need is to lease office space from a landlord who just isn't up to par.
• Stick with Small - Always err on the side of smaller when looking for office space. Sure, having extra space is nice, but you're wasting money if you're not using it. Every extra square foot that you lease will set you back even more, so keep that in mind.
• Hire an Attorney - Before signing lease papers, hire an attorney and have them look everything over for you. Do this even if you are assured that these are just "standard forms." Once the deal is done, you may not have any recourse if there were any errors.
• Negotiate - Don't accept the first price that you're given for Cambridge office space. Landlords are used to negotiating these types of things. You don't necessarily have to focus only on lowering the price, either. Asking for caps on future rent increases or for flexible renewal options can be just as effective.
• Look for Space That's Been Vacant for Awhile - Finally, seek out office space that has been gathering dust for some time. Sure, this usually means that they're asking for too much rent or that there are major issues going on. It's still worth looking, though. You should have a lot of leverage if you decide to negotiate a better deal too--especially if the landlord is eager to fill the space.

Features

Cambridge boasts a huge array of premium office space for companies of all sizes and scopes. Space in this city tends to be newer and nicer than in many other parts of metro Boston. It is fairly easy to find office space that includes higher end features, which is a huge perk. Cambridge offers a little bit of everything too, from huge suites of offices to shared office solutions, so there's no need to compromise. Boston City Properties can connect you with a local commercial real estate expert who can point you toward space that suits your needs.

How Boston City Properties Can Help

If you're looking for help for your Cambridge office space search, you've come to the right place. Boston City Properties maintains one of the most exhaustive online databases of searchable MA real estate listings. Our database includes up-to-the-second listings for office space for lease in Cambridge and all around the city. It includes a convenient search feature that lets you target specific Boston neighborhoods and Massachusetts cities and towns. Search filters allow you to narrow things down based on price, size and other attributes.

That's not all that you'll get by connecting with Boston City Properties. We also have connections with skilled and experienced commercial real estate agents in Cambridge. When you are ready, contact us to be put in touch with one of these professionals. They can get answers to any questions that you may have about office space that you've found through our listings. When the time comes, they can arrange visits to properties that appear to have made the cut. Since they deal with Boston commercial real estate deals all the time, these agents are expert negotiators. You can rest assured that you will be in very good hands.

Start Now

What are you waiting for? Right this second, the perfect Cambridge office space sits empty waiting for you. Thanks to Boston City Properties, you don't even have to leave home to find it. Sign up for free, immediate access to our searchable real estate listings. Just complete and submit the simple form, and you'll be on your way. Before you know it, you'll have a list of promising office space properties to check out in this charming city. With help from our talented commercial real estate professionals, you will have the assistance that you need from start to finish. For more information, contact Boston City Properties today.

Cambridge

Are you on the hunt for space for your company in Cambridge, MA? Cut to the chase more quickly and easily with Boston City Properties. When you sign up using the simple form, you’ll get immediate, free, unlimited access to our searchable MA real estate listings. Our database includes up-to-the-second listings for commercial properties for sale and for lease in this city and in other cities and towns throughout Massachusetts, so you can’t do better.

Located directly north of Boston across the Charles River, the city of Cambridge is best known for being home to numerous prestigious institutes of higher learning, including Harvard University and Massachusetts Institute of Technology, or MIT. At the time of the 2010 U.S. Census, it had a population of around 105,000 people. Since the city is located on land that stretches over 7.1 square miles, it is fairly densely populated and is largely dominated by apartment buildings, condo buildings and office buildings. Some parts of the city have more to offer than other in terms of commercial real estate.

Finding accurate and timely information regarding the availability of commercial space in Cambridge is as easy as connecting with Boston City Properties. Once you’ve signed up, you can start searching our listings for the space that you need. Select Cambridge from the list of locations to limit your search to this city; you may also select other towns, cities or Boston neighborhoods if you’d like. Adjust search filters for price, size and other attributes to get the most relevant results. Each listing is loaded with useful information and plenty of clear, large photos.

Regardless of the kind of commercial space that you need, you’re sure to find it in Cambridge. With that being said, it’s important to note that the commercial real estate market here is fiercely competitive. Vacancy rates are at near-historic lows, and rent prices are among the highest ever. Still, new space is opening up all the time, and there’s a lot to go around.

In Kendall Square, where you’ll find most of the city’s tech and biotech firms and startups, you can choose from many types of commercial space. Known also as Technology Square, Kendall Square offers around 11.3 million square feet of Class A space, around 2.2 million square feet of Class B space and around 1.5 million square feet of Class C space. In this compact area, you’ll find more tech and biotech companies than anywhere else in the world.

If you’d rather have space over in or near Harvard Square, there are lots of options too. In this part of Cambridge, you’ll find around 3.7 million square feet of Class A space, around 2.9 million square feet or Class B space and around 1.2 million square feet of Class C space.

Tips for Finding Space in Cambridge

Keep these tips in mind to have the most effective experience possible:

• Get an attorney – Hire a real estate attorney to look over all of the paperwork as you proceed through to closing. The last thing that you need is to agree to something that you didn’t intend to.
• Start small – Sure, you very well might grow by leaps and bounds and require more space at some point. For now, though, get as little space as you can get by with to keep costs in check.
• Negotiate – Whether you’re buying or leasing, don’t take the asking price at face value. Always be prepared to negotiate your way to a better deal, or be sure to have an agent with you who can.

How Boston City Properties Can Help

Boston City Properties is here to help you find suitable commercial space in Cambridge. Start right this instant by signing up for free, immediate access to our real estate listings. When you’re ready to look at properties in person or to otherwise proceed, contact us to be put in touch with experienced commercial real estate agents in this city who can help. For more information, please call Boston City Properties today.

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