The availability rate in Cambridge remains at about 24%, according to Spaulding & Slye Colliers most recent statistics. Average asking rent for office space in the area is approximately $26 per sf.
Ryan Weber, associate at Richards Barry Joyce & Partners, represented AgaMatrix in the transaction, while MIT was represented by Robert B. Richards, president, Richards Barry Joyce & Partners.
"230 Albany St. offers flexible laboratory space for early stage companies in a setting adjacent to the MIT campus and Kendall Square," says Joseph Maguire, director of real estate for MIT. Maguire notes that among the building's former tenants are Perseptive Biosystems and Oravax.
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