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% decrease in rent.
Compared to the rest of the Greater Boston market, the Providence region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 240 listings have been made available, so you'll want to check back regularly for new listings. About 25% of the available space 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this market were built in 1935 and are Class B.
Real time and historical data on commercial real estate listings in Providence.
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