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Sublease Space Suddenly Floods Market

CAMBRIDGE, MA-A wait and see attitude is being taken by potential tenants here as a sudden glut of sublease space hits the market here. Within the past six weeks, the availability rate has shot up to over 650,000 sf of space.

By Naomi Grossman | Updated on March 09, 2001

CAMBRIDGE, MA-Suddenly, there is more than 650,000 sf of sublease space here where just six weeks ago there was practically none. While this doesn’t affect local vacancy rates, which are still low, availability rates have shot up.

“Availability rates are much more indicative of the health of the market,” Don Hause, vice president at Spaulding Slye Colliers, tells GlobeSt.com. “They take into account all vacant space that is available, like sublease space.”

According to Hause, there is now over 650,000 sf of sublease space in the Cambridge market, most of which did not exist 45 days ago. This includes Cambridge Technology Partners, which has 47,000 sf of space available; Zentropy Partners, which has 40,000 sf available; Rowecom, which has 21,000 sf available; and, Perot Systems, which has 47,000 sf available.

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