Providence Retail

Providence

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
6,400
As of: June 23, 2017

Providence Rates

Most listings are in the $30's per square foot per year. The Providence submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $32 per sqft per year.

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 submarket.

Providence Listing Supply

In the last 90 days, 21 listings have been made available, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 176% of the available space in the Providence are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 office spaces below 2,000 sqft. Most properties in this market are around 2 floors. 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