The typical asking rate per listing is in the $20's per square foot per year. The Downtown Providence submarket is going through a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 18% rise in rent.
Compared to the rest of the Greater Boston market, the Downtown Providence submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 15 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 20% of the available space in the Downtown Providence are subleases, so you might be able to snag a great spot on a short term. 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 7,360 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 6 stories. Most buildings in this market were built in 1972 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Providence folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.