Most listings are in the $20's per square foot per year. The Downtown Providence submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 9% increase in rent.
Compared to the rest of the Greater Boston market, the Downtown Providence submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 87 listings have been listed, so you'll want to check back regularly for new listings. About 13% of the available space in the Downtown Providence are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,560 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 6 floors. Most buildings in this market were built in 1972 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Providence folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Providence.
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