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Interesting. I live in Kendall Square (Cambridge, MA) and have seen the prices rise (over the past 3 years) to the median prices outlined in the article. I kee
by nirvanatikku 13y ago
Interesting. I live in Kendall Square (Cambridge, MA) and have seen the prices rise (over the past 3 years) to the median prices outlined in the article.
I keep hearing about how insane SFO is, but can't help but think that Cambridge is experiencing a similar 'explosion' in it's own right.
I've gathered that the exit's out west are accelerating the price increases, but with the abundance of schools here as well as the interest in establishing a presence in 'tech square', rent has skyrocketed and I don't really see it slowing down.
Maybe I'm missing something, but why doesn't the acceleration in Cambridge get such attention?
- freyr 13y agoRent in Kendall Square is ridiculous, but you're comparing the city of San Francisco (46.9 sq miles of land) to a small neighborhood in a much smaller city (Cambridge is 6.43 sq miles of land). Also, while Kendall Square has its fair share of technology companies, it doesn't really compare to SF/SV in terms of sheer numbers.
- eob 13y agoI think one reason Kendall rents aren't a topic of discussion is also because the Boston/Cambridge area has lower rent areas that are close by and accessible via public transportation. While it's nice to live right where things are happening, you could easily get a place out in Davis Sq or Porter Sq and take the T in, or in Somerville or Union Sq and have a 10 minute bike ride. From what I gather, as a fellow Cambridge resident, the problem in the Bay Area is that areas with Somerville-level rent result in an HOUR+ commute, rather than a 10-minute commute. There's a lot that's great about the bay area, but I think we certainly have the upper hand here when it comes to [reasonably priced] city live-ability and transportation.