Apple looks to lease space in new MIT building at Boston's Kendall Square

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Apple has reportedly signed a letter of intent to lease space at a new building in Boston, likely to cope with overflow at its existing office in the city.

A lease for a single floor at 314 Main Street, a part of Kendall Square, should be finalized sometime in early 2019, the Boston Globe said. The building is still under construction at the behest of the Massachusetts Institute of Technology.

At the moment Apple rents 11,500 square feet at One Broadway, another MIT building. The new space at 314 Main is said to be big enough to represent an expansion, though by how much is unclear.

Apple last week announced a second, $1 billion campus in Austin. At the same time it revealed plans to expand its presence in several other U.S. cities, including not just Boston but Boulder, Culver City, New York City, Pittsburgh, Portland, Seattle, and San Diego. Boston is slated to get "hundreds" of new jobs, Apple said.

Cupertino, the Bay Area, and Austin are the company's biggest American strongholds. Apple already has some 6,200 workers in Austin, and is expected to add another 5,000 after the new campus is complete.