The eight-room, 3,690-square-foot Unit 206-207 at Cambridge's Esplanade hit the market like a thunderstorm in late May. The three-balcony spread facing the Charles is asking more than $2,330 a square foot, a titanic sum even in Kendall Square.
Will it command that? We'll see. For now, the combined-unit condo is having a more immediate effect on the average home price for the busy, busy Kendall Square area: According to real estate research site NeighborhoodX, the average right now is $962 per square foot with the Esplanade listing and $689 without.
A sizable difference, that. The below breakdown is of market-rate houses and condos only, and excludes properties listed as development sites.
- Kendall Square: June 2016 [NeighborhoodX]
- Three-Balcony Esplanade Spread in Cambridge Swings for $2,300 a Square Foot [Curbed Boston]
- Go Time for M.I.T.'s Six-Building Revamp in Kendall Square [Curbed Boston]