Cambridge Market Reaches Peak; Tide Is Turning in Favor of Tenants
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| Dan Sullivan |
By Dan Sullivan & Adam Subber
Just half a year ago, average asking rents for Class A office space in Cambridge were rising to near record levels. In the last quarter of 2007, average Class A rates across the city were up to $47 per square foot, vacancy was under 10 percent and landlords were predicting that the tide would continue to roll in the same direction. Today, as we review Cambridge office and lab statistics in the first quarter of 2008, it looks on paper that the market continues to be very strong.
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