The one-square-mile region of Kendall Square in Cambridge, Mass. is arguably the premier biotech hub on the east coast of the United States. Companies large and small flock to the area to take advantage of the vast intellectual collaborations taking place. With the hype and appeal, it should come as no surprise it’s an expensive area to set up shop.
In a recent report, the Boston Business Journal pointed out just how expensive Kendall Square can be. The per-square-foot cost of space in the area is $88. That’s much higher than the $60 price in San Francisco and the $79 price per square foot in New York City, the Journal reported, citing data from a new Cushman & Wakefield report.