Most listings are in the $20's per square foot per year. The Downtown Providence region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $26 per sqft per year. That's a 54% decrease in rent.
Compared to the rest of the Greater Boston market, the Downtown Providence submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 3 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 4,700 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 6 stories. Most buildings in this market were built in 1972 and are Class A.
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.