Cambridge Office Figures Q1 2026

The Cambridge office market entered 2026 with muted demand and rising availability, reflecting continued tenant caution and limited leasing velocity. As of Q1 2026, total market availability reached 24.7%, up marginally from 24.6% in Q4 2025 and 24.4% one year earlier, while vacancy held steady at 21.7%, unchanged from Q4 2025 but 70 basis points higher year over year. Net absorption for the quarter was effectively flat at 7,886 sq. ft., following 57,802 sq. ft. of positive absorption in Q4 2025, and 84,238 sq. ft. one year ago.

East Cambridge continues to account for the largest share of inventory and availability pressure. In Q1 2026, East Cambridge availability increased to 24.4%, up from 23.9% in Q4 2025 and 25.3% in Q1 2025, while vacancy edged up to 22.5%. Net absorption for the submarket turned negative at 37,560 sq. ft., reversing the 109,735 sq. ft. of positive absorption posted in Q4 2025, and underscoring the uneven recovery path across core office product.