Most listings are in the $20's per square foot per year. The Providence submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $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 higher rates, and you'll need to pay a premium 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 23% of the office spaces in the Providence 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,560 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 2 stories. 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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