Providence Office Space

Providence

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
7,000
As of: May 23, 2017

Providence Rates

The typical asking rate per listing is in the $30's per square foot per year. The Providence region is going through a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 6% increase in rent.

Compared to the rest of the Greater Boston market, the Providence submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.

Providence Listing Supply

In the last 90 days, 21 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 7,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this market were built in 1930 and are Class B.

Providence Community

Market Report

Trends and status of the commercial real estate market in Providence.
Market Report

Market Data

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