Providence Retail

Providence

Office Space Market Report

Number of Listings (last 90 days)
21
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
4,640
As of: July 27, 2017

Providence Rates

Most listings are in the $20's per square foot per year. The Providence region is experiencing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 16% decline in rent.

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

Providence Listing Supply

In the last 90 days, 21 listings have come on the market, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 133% of the office spaces in the Providence are subleases, so you might be able to find a shorter term or below market rent. 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 3,990 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this region were built in 1935 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