The six-story, 46-unit Ten Essex apartment project in Cambridge’s Central Square has started pre-leasing, according to Gibson Sotheby’s International Realty, which is marketing the under-construction apartments.
Studios at the building adjacent to Central’s H Mart Supermarket start at $2,500 a month, one-bedrooms at $3,000, two-bedrooms at $3,600, and three-bedrooms at $5,100.
As high as these might seem, Ten Essex’s rents are actually pretty competitive for Cambridge. A recent Zumper report pegged the median one-bedroom rent in the city at $2,500 and the median two-bedroom rent at $3,090. Such analyses routinely place Cambridge among the most expensive cities in the region—if not the nation—for renting.
The apartments at Ten Essex each include a washer-dryer and smart-home technology. Eighteen of the 46 units will have private outdoor balconies, and the building has a shared roof deck and courtyard. There will underground car and bike parking, and the building is very close to the Red Line’s Central Square stop.
The building—which 3MJ Realty and the Naggar family developed—is scheduled to open to tenants in September.