On average, listings lease in the $10's per square foot per year. The Pawtucket submarket is going through a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 20% decline in rent.
Compared to the rest of the Greater Boston market, the Pawtucket region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 43 listings have been posted online, so you'll want to check back regularly for new listings. About 19% of the listings in the Pawtucket are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,120 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this market were built in 1920 and are Class C.
Real time and historical data on commercial real estate listings in Pawtucket.
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