On average, listings lease in the $20's per square foot per year. The Providence region is going through a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Greater Boston market, the 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, 240 listings have come on the market, so you'll want to check back regularly for new listings. About 31% of the available leases in the Providence are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1944 and are Class B.
Real time and historical data on commercial real estate listings in Providence.
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