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Kendall Square lands three new AI leases as vacancies slow

Bisnow reports the new activity includes AI company leases such as Anthropic, and local leaders view it as an early sign that rents could stabilize in the neighborhood.

Reported · Written up by our desk · Commercial

Kendall Square in Cambridge, Massachusetts, has faced rising vacancy after the pandemic, with office space hurt by work-from-home trends and lab space pressured by a life sciences slowdown, leaving millions of square feet vacant, according to Bisnow.

The outlet says the market has shown new momentum over the past month as artificial intelligence companies signed a trio of new leases, including industry leader Anthropic, providing landlords with fresh leasing demand.

Bisnow adds that local leaders and brokers describe the activity as the beginning of a new era for the neighborhood, with Ashley Messina of the Cambridge Innovation Center describing it as an inflection point that could bring average rents back up across Kendall Square.

The report frames the coworking demand tied to Cambridge Innovation Center as an early indicator of broader leasing interest returning to the area.

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