Kendall Square is at an inflection point as tech companies pull back from office space, leading to rising vacancies (now 26%) and falling rents. While biotech remains strong, landlords are seeking new tenants, including AI firms, climatetech startups, and service businesses. The shift presents both challenges—such as struggling landlords and fewer customers for local businesses—and opportunities, as startups can now afford space in the district. Experts warn against over-reliance on biotech, advocating for a more diverse mix of industries. Despite uncertainties, Kendall’s proximity to Massachusetts Institute of Technology ensures it will remain a hub for innovation.

https://www.bizjournals.com/boston/news/2025/02/27/kendall-square-startups-real-estate.html