Publication

Cambridge Q1 2025 Office Market Report

Article

Contacts & Related Research

Image treatment

MARKET TRENDS

  • Class A availability rate rose for the thirteenth consecutive quarter, increasing 330 basis points (bps) year over year, an improvement over the 820 bps increase during the prior 12-month period
  • Leasing activity in Cambridge remains subdued compared to prepandemic levels as occupiers have chosen more cost-effective markets
  • Stagnant market dynamics have led Class A average asking rent to dip 4.7% year over year as even new developments such as 40 Thorndike Avenue struggle to secure commitments

Read the full report