On average, listings lease in the $30's per square foot per year. The Providence region is experiencing 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 higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 21 listings have come on the market, which means new listings are probably 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 available, so finding a space for a small business might be tough.
Even though the median size is 7,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this region were built in 1930 and are Class B.