The real estate market for companies can be a tragically boring topic—unless you’re a startup looking for office space. There has been a lot of talk this week about rising rents in Kendall Square as compared to Boston’s Innovation District or South End, say, and some related issues (see below). All the better to fan the flames of the deeply ingrained Boston vs. Cambridge innovation rivalry…
One reason for costs going up in Kendall Square is big companies moving in or expanding there. Just off the top of my head, I can think of the following: Google (building an urban campus for 800 employees, counting ITA Software), Amazon (moving into the CIC building), Staples (opening an e-commerce center), Pfizer (building a new research facility for 400 employees), Biogen Idec (500-plus workers moving back to Kendall) and now Novartis (broke ground on a 550,000-square-foot space between Kendall and Central Square yesterday).
To read the full, original article click on this link: Boston and Cambridge Renew Rivalry in Startup Real Estate | Xconomy
