• With vacant space so scarce, existing tenants that want to grow and remain in the submarket are running into real trouble trying to find ways to accommodate a growing workforce.
  • Even after ticking up slightly, the vacancy rate in the Cambridge Office market was only 3.7% at the end of Q3 2016, and similar to lab, a great deal of that availability is sublease space.
  • Overall rents reached $65.81 per sq. ft. throughout the city, and $74.61 per sq. ft. in the East Cambridge submarket.