Today Boston.com posted an article discussing the impact of the high demand for real estate in Kendall Square, and the subsequent high rents that are pushing out smaller start ups.....
will affordable office space become regulated and subsidized similar to affordable housing?
"To be sure, Kendall Square remains a successful business district: Office space is hard to come by, rents are rising, and it boasts a roster of marquee companies, from Microsoft Corp. and Google Inc., to Biogen Idec Inc. that are expanding there. But for all its outward bustle, Kendall Square is in transition. And ironically, it has its own success to blame, as a kind of gentrification has made Kendall too expensive or too popular for the many, smaller, younger tech businesses that gave the area such cachet."
Do you work in Kendall Square? Fill out the "City of Cambridge Innovation Survey".
*****And don't forget to contact us at kendallinnovation@gmail.com to become a participant in our upcoming study about social spaces in Kendall Square.
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