Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CAMBRIDGE, MA-In a move that seems to typify this area’s current commercial real estate market woes, onExchange, which develops derivatives-trading software, relocated its headquarters from Waltham to One Alewife Center here. The company wanted to consolidate its offices and lease additional space.

According to Donna Slattery, director of marketing for the company, onExhange occupied three separate offices on Reservoir Place in Waltham totaling 6,500 sf. Its new offices provide 10,000-sf of space in one location. “The pricing was good here,” Slattery tells GlobeSt.com. “The location is also much better. It’s closer to the city.”

OnExchange signed its lease within the last two months and Slattery acknowledges that the company was able to take advantage of lower lease rates here. According to a recent report released by Spaulding & Slye Colliers International, availability in this area rose from 4.9% at the end of 2000 to 17.3% at midyear. Office asking rents fell by $12 to $20 per sf during the second quarter of the year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.