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Office Space for Rent in Cambridge, MA - 137 Listings

Cambridge, MA - Office Market Overview

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The Cambridge real estate market includes the Area 4, Cambridge Highlands, and Cambridgeport office submarkets. With a metropolitan population of over 2.3 million residents, the Cambridge area is located directly north of Boston and sees robust demand for Class A office space throughout all parts of the city.

As of mid-2017, the Cambridge office market encompasses over 18 million square feet of existing office space in properties larger than 50,000 square feet. Home to both Harvard University and the Massachusetts Institute of Technology, a deep mix of technology and venture capital firms help to drive the demand for commercial real estate in Cambridge.

Cambridge, MA - Office Inventory Description

The Kendall Square section of Cambridge has been called the most innovative square mile on the planet, due to the dense concentration of entrepreneurial start-up companies that have emerged in this tiny area over the past few years. With a gross metropolitan product of over $176 billion, the demand for Class A office space in Cambridge is strong. Nearly 82% of office space in Cambridge is Class A or A+, including nearly 15 million square feet. Class B office space in the city accounts for roughly 3.2 million square feet of office inventory.

The North Cambridge office submarket is one of the most sought-after areas for office space, by both tenants and office building investors alike. Located northwest of Harvard University, this area is home to Class A office buildings such as 125 Cambridge Park Drive, One Alewife Center, and the Henderson Carriage Building on Massachusetts Avenue.

Cambridge, MA Commercial Inventory Breakdown

Office Spaces

Total: 26,675,897 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 2,216,431 SF / 8.31% of total office
  • 100k to 500k SF: 20,277,040 SF / 76.01% of total office
  • 500k to 1M SF: 2,982,426 SF / 11.18% of total office
  • > 1M SF: 1,200,000 SF / 4.5% of total office

By class:

  • Class A: 19,639,040 SF / 73.62% of total office
  • Class B: 4,268,554 SF / 16% of total office

Top 10 Largest Office Buildings

in Cambridge

Office building Address Sqft Year built
CambridgeSide Mall 100 Cambridgeside Place, 02141 1,200,000 n/a
One Kendall Square 1 Kendall Square, 02139 669,689 1887
Riverfront Office Park 1 Main Street, 02142 656,021 1983
Kendall Square - 290 Binney Street 290 Binney Street, 02142 600,000 n/a
181 Massachusetts Avenue & 22 Windsor Avenue 181 Massachusetts Avenue, 02139 550,000 2015
250 Massachusetts Avenue 254 Massachusetts Avenue, 02139 506,716 2004
Draper Headquarters 555 Technology Square, 02139 493,000 1976
40 Thorndike Street 40 Thorndike Street, 02141 491,303 n/a
Akamai Global Headquarters 145 Broadway, 02142 453,768 2019
Cambridge Crossing - Parcel G NWC North Street & Gilmore Bridge, 02141 450,895 2021

Most Recently-Built Office Buildings

in Cambridge

Office building Address Sqft Year built
Alexandria Center at Kendall Square - 100 Binney Street 100 Binney Street, 02142 431,483 2018
Alewife Research Center 35 Cambridge Park Drive, 02140 224,252 2018
Alexandria Center at Kendall Square - 50 Binney Street 50 Binney Street, 02142 278,448 2017
Alexandria Center at Kendall Square - 60 Binney Street 60 Binney Street, 02142 262,552 2017
75 Moulton Street 75 Moulton Street, 02138 37,500 2017
610 Main Street 610 Main Street, 02139 278,738 2016
University Park at MIT - 300 Massachusetts Avenue 300 Massachusetts Avenue, 02139 245,000 2016
733 Concord Avenue 733 Concord Avenue, 02138 44,048 2016
181 Massachusetts Avenue & 22 Windsor Avenue 181 Massachusetts Avenue, 02139 550,000 2015
114 Mount Auburn Street 114 Mount Auburn Street, 02138 65,000 2015

Cambridge, MA - Green Office Space

Employment

With the abundance of high technology and biotechnology business in the city, it comes as no surprise that there is an abundance of green office space in Cambridge to meet the ever-growing demand from Class A office tenants. Of the office buildings larger than 50,000 square feet, there are 20 green office buildings in Cambridge that provide over 5.3 million square feet of green office space to the Cambridge commercial real estate market.

One example of a LEED certified office building in Cambridge is the One Memorial building. Located in the MIT commercial real estate submarket of Cambridge, this Class A building was constructed in 1987 and offers over 369,000 square feet of LEED Gold certified office space.

The 2017 National Green Building Adoption Index surveyed the top 30 office markets in the U.S. for the growth of green office, LEED certified, and EPA Energy Star certified office buildings. Cambridge's next-door neighbor, Boston, has ranked 14th for the availability of energy-efficient, green office buildings. With the over 5.3 million square feet of green office space available in Cambridge, the city is clearly keeping up with its neighbor.

Cambridge, MA's Top Office-Using Sectors

The Cambridge commercial real estate and Class A office markets are driven by a variety of business and industry, including the top office-using sectors in Cambridge of high technology, education, biotechnology & healthcare, and large corporate office users.

  • High Technology – Creators of white collar office employment include firms such as Google, IBM, and Amazon.
  • Education – Harvard University, the Massachusetts Institute of Technology, and the large number of venture capital and R&D firms they attract all help to drive the demand for white collar office space in Cambridge.
  • Biotechnology & Healthcare – Organizations such as Biogen Idec, Novartis, Genzyme, and the Cambridge Health Alliance help drive the demand for Class A office space in Cambridge.
  • Corporate Offices – Large users of Cambridge office space include firms such as Akamai Technologies, Sanofi, Pfizer, Millennium Pharmaceuticals, Philips Research, and Hewlett-Packard.

Cambridge Demographics

Population

  • Total Population110,893
  • Male Population(49.1 %) 54,465
  • Female Population(50.9 %) 56,428
  • Median Age30.40

Income/Financial

  • Average Household Income$125,041
  • Median Household Income$89,145
  • Median Income Under 25$50,289
  • Median Income 25-44$100,571
  • Median Income 45-64$95,976
  • Median Income Over 65$54,502

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