Trending: Migration Patterns to West Cambridge

by the CBRE/NE Cambridge Brokerage team

Given the strong activity in the West Cambridge market, it comes as no surprise that in the past three years there has been a migration of out-of-market tenants. This three-year trend is comprised of 38 tenants totaling 363,000 square feet of positive absorption. Though the West Cambridge market is small, with 2.7 million square feet of office and lab space, there have been over one million square feet of transactions throughout the course of this trend. In response, there has been a steady increase in average asking rents, which now average $32.48 per square foot. Close to half of all transactions in the past three years have been from migrating tenants. Of those tenants, 40% have come from neighboring East Cambridge and 30% have come from suburbs. The proximity to Boston and cost-effective rents have created an ideal location for users of all industries, but particularly so for those from the technology and life science sectors.

With overall leasing activity increasing 13% between 2012 and 2013 alone, West Cambridge continues to be one of the most valuable options for tenants in the market today.

To subscribe to the CBRE/New England blog, please visit the main page or email a request to

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s