The typical asking rate per listing is in the $20's per square foot per year. The Upper South Providence submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the Greater Boston market, the Upper South Providence region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 1 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 measurement for office space in this area is around 890 sqft. Most properties in this region are approximately 5 floors. Most buildings in this region were built in 1896 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Upper South Providence occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.