What are the different types of commercial real estate?

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate . However, there are three main categories that you are most likely to come across: office, retail, and industrial space . Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Cambridge commercial real estate market incorporates 30,611,857 square feet of office space across 183 buildings. Office buildings can also accommodate coworking spaces , which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Cambridge, the coworking segment of the commercial real estate market incorporates about 8,199 square feet. Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Cambridge commercial real estate market includes 1,472,394 square feet of retail space in a variety of settings. Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Cambridge market, there is a total of 658,723 square feet of industrial property.

What types of commercial real estate are available in Cambridge, MA?

The largest share of commercial real estate space for lease in Cambridge is represented by Office space , which accounts for 1,161,697 square feet of available listings. Retail space available in Cambridge adds up to 123,812 square feet.

What factors affect the price of commercial real estate in Cambridge, MA?

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

What is the average rent for commercial space in Cambridge, MA?

The average rent for commercial real estate space listed for lease in Cambridge is $54.5 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Cambridge can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

What are the best areas for commercial real estate in Cambridge, MA?

The best choice of location for commercial space depends on the factors that are most relevant to your business. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type. As such, there are several areas that you could consider to be the best location for commercial real estate in Cambridge, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Cambridge is in the East Cambridge neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the East Cambridge area . Meanwhile, retail space opportunities are most abundant in the West Cambridge submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Area 4 . Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

How do I find a good commercial real estate broker?

Whether or not leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker . In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market , the property type you need representation for, and will handle negotiations on your behalf in your best interest. To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker . Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests. CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

What is the most profitable commercial real estate?

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $75 per square foot. In particular, the property type commanding the highest lease rates in Cambridge was Office space. Conversely, the highest sale price last year was $1,020,000,000 that is located at 100 Binney Street.

What is the average size of a commercial property in Cambridge, MA?

The average size of a commercial property in Cambridge depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use: In Cambridge, the average size of an office property is 169,126 square feet. Retail properties here incorporate an average of 66,927 square feet. Industrial space in Cambridge is in buildings that are, on average 109,787 square feet in size.

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236 Commercial Real Estate Listings in Cambridge, MA

CRE Market Stats

660 Cambridge Street

660 Cambridge Street, East Cambridge, Cambridge, MA
For Sale

Subject To Offer
Property

Multi-Family

19,290 SF
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75 Binney Street

75 Binney Street, East Cambridge, Cambridge, MA
For Lease

$40.00 - $70.00/SF/YR
Property

Office

151,160 SF
Availability

2 Spaces

124,180 SF
Year Built

2015
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200 Sidney St

200 Sidney St, Cambridgeport, Cambridge, MA
For Lease

$117.00/SF/YR
Property

Unassigned

193,000 SF
Availability

1 Space

13,907 SF
Year Built

2000
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552 Massachusetts Ave

552 Massachusetts Ave, Cambridgeport, Cambridge, MA
For Lease

Contact for pricing
Property

Office

34,617 SF
Availability

1 Space

800 SF
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Alewife Station
Regus
125 Cambridge Park Drive Suite 301, Cambridge, MA
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Money-back guarantee
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University Park at MIT

88 Sidney St, Cambridgeport, Cambridge, MA
For Lease

$95.00/SF/YR
Property

Unassigned

155,823 SF
Availability

1 Space

155,823 SF
Year Built

2002
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141 Portland Street

141 Portland Street, Area 4, Cambridge, MA
For Lease

Contact for pricing
Property

Office

186,800 SF
Availability

1 Space

15,877 SF
Year Built

1986
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CIC Cambridge - 1 Broadway (Kendall)
CIC
One Broadway, Cambridge, MA
Services

Open Workspace

Private Office

Dedicated Desk
Amenities

Bike storage

Complimentary coffee & tea

High-speed wifi

Mail services

Parking

Printer
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1035 Cambridge Street

1035 Cambridge Street, Inman/ Harrington, Cambridge, MA
For Lease

Contact for pricing
Property

Office

120,000 SF
Availability

1 Space

2,714 SF
Year Built

1988
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101 Cambridgepark

101 Cambridgepark Drive, North Cambridge, Cambridge, MA
For Lease

Contact for pricing
Property

Office

160,000 SF
Availability

1 Space

2,840 SF
Year Built

2022
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185 Alewife Brook Pkwy

185 Alewife Brook Pkwy, Cambridge Highlands, Cambridge, MA
For Lease

Contact for pricing
Property

Office

56,630 SF
Availability

1 Space

1,600 SF
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Urban Warehouse Space

293 Cambridge St, East Cambridge, Cambridge, MA
For Lease

Contact for pricing
Property

Office

3,171 SF
Availability

1 Space

3,171 SF
Year Built

1929
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Building 400/500

20-30 Acorn Park Drive, North Cambridge, Cambridge, MA
For Lease

$85.00/SF/YR
Property

Unassigned

270,000 SF
Availability

1 Space

10,000 SF
Year Built

2020
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One Broadway

1 Broadway, East Cambridge, Cambridge, MA
For Lease

Contact for pricing
Property

Office

312,704 SF
Availability

1 Space

19,571 SF
Year Built

1969
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Cambridge Crossing - 222 Jacobs Street

222 Jacobs Street, East Cambridge, Cambridge, MA
For Lease

Contact for pricing
Property

Office

460,000 SF
Availability

1 Space

25,263 SF
Year Built

2020
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2329 Massachusetts Avenue

2329 Massachusetts Avenue, North Cambridge, Cambridge, MA
For Lease

$35.00/SF/YR
Property

Office

6,256 SF
Availability

1 Space

650 SF
Year Built

1960
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One Cambridge Place

50 Hampshire St, Area 4, Cambridge, MA
For Lease

Contact for pricing
Property

Unassigned

202,023 SF
Availability

1 Space

29,520 SF
Year Built

1999
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4 Canal Park, Unit C1

4 Canal Park, Unit C1, East Cambridge, Cambridge, MA
For Sale

Subject To Offer
Property

Office

4,764 SF
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119 Mount Auburn St

119 Mount Auburn St, Riverside, Cambridge, MA
For Lease

Contact for pricing
Property

Office

7,094 SF
Availability

1 Space

7,094 SF
Year Built

1925
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Central Plaza

675 Massachusetts Avenue, Mid-Cambridge, Cambridge, MA
For Lease

Contact for pricing
Property

Office

208,458 SF
Availability

4 Spaces

18,406 SF
Year Built

1961
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Harvard Square-Mifflin Place
Regus
One Mifflin Place Suite 400, Cambridge, MA
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Money-back guarantee
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Riverfront Office Park

1 Main Street, East Cambridge, Cambridge, MA
For Lease

$60.00/SF/YR
Property

Office

322,813 SF
Availability

1 Space

8,990 SF
Year Built

1986
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55 Cambridge Pkwy

55 Cambridge Pkwy, East Cambridge, Cambridge, MA
For Lease

Contact for pricing
Property

Office

275,968 SF
Availability

6 Spaces

87,404 SF
Year Built

1985
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15 Winter Street

15 Winter Street, East Cambridge, Cambridge, MA
For Lease

Contact for pricing
Property

Office

2,875 SF
Availability

2 Spaces

3,085 SF
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1627 Massachusetts Ave

1627 Massachusetts Ave, Agassiz, Cambridge, MA
For Lease

Contact for pricing
Property

Office

6,499 SF
Availability

2 Spaces

3,376 SF
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12 Eliot St

12 Eliot St, West Cambridge, Cambridge, MA
For Lease

Contact for pricing
Property

Office

130 SF
Availability Contact for availability
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