On average, listings lease in the $20's per square foot per year. The Upper South Providence submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% rise in rent.
Compared to the rest of the Greater Boston market, the Upper South Providence region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 21 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 48% of the office spaces in the Upper South 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 6,600 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are approximately 4 stories. Most buildings in this area were built in 1900 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Upper South Providence folk. Commuting around 30 minutes 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 Upper South Providence.
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