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Downtown Providence Commercial Real Estate For Lease

Downtown Providence

Market Report

Number of Listings For Lease
Posted in the last 180 days
43
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
200

Downtown Providence Commercial Real Estate

Find Downtown Providence commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Downtown Providence commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Downtown Providence Rates

Most commerial real estate listings for lease are in the $30's per square foot per year. The Downtown Providence submarket is experiencing a a rise in rates. In the last 3 months, the median rate for lease went up $9 per sqft per year. That's a 35% increase in rent.

Compared to the rest of the Greater Boston commercial real estate market, the Downtown Providence region has higher rates for rent, and you may need to make a great offer to be in this hot submarket.

Downtown Providence Listing Supply

In the last 180 days, 87 commercial real estate listings have been made available, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the Downtown Providence are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard size for office space in this area is around 200 sqft. Most buildings in this market are close to 5 stories. Most buildings in this area were built approximately 1930 and are Class B.

Downtown Providence Community

A large portion of this area is residential, but there's plenty of office space. Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Providence residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Downtown Providence.
Research