Most listings are in the $20's per square foot per year. The Providence region is seeing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 7% decline 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 submarket.
In the last 90 days, 240 listings have come on the market, so you'll want to check back regularly for new listings. About 25% of the listings in the Providence are subleases, so you might be able to find a shorter term or below market rent. 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 3,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 2 floors. Most buildings in this market were built in 1944 and are Class B.
Real time and historical data on commercial real estate listings in Providence.
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