Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

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.