Mike Brown, principal, Ted Lyon, senior associate and Brandon Henry, senior associate of Trammell Crow Co. represented SMal Camera Technologies while Tad Lee of Meredith & Grew represented the sublessor, Metrologic Instruments. The three-story, 75,000 SF office building was built in 1999.
Excess sublease space continues to define the Cambridge office market. According to Spaulding & Slye Colliers' second quarter statistics for the year, the vacancy rate is at 14.2%, but when sublease space is factored in the availability rate jumps up to 24.7%. This is slightly higher than the 22.1% availability rate at the end of last year.
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