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CAMBRIDGE, MA-SMaL Camera Technologies is leasing 18,382 sf of office space at 10 Wilson Rd. The locally based company develops electronic imaging solutions for the digital camera, security and surveillance, consumer electronics and automotive markets. Lease rates for this deal were not available, but average asking rents for office space in Cambridge is about $32 per sf. Sublease deals tends to have lower rates.

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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