On average, listings lease in the $20's per square foot per year. The Downtown Providence submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $26 per sqft per year. That's a 54% decrease in rent.
Compared to the rest of the Greater Boston market, the Downtown Providence region has lower rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 3 listings have been made available, which means new availabilities are probably going fast. 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.
Even though the median size is 4,700 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 6 stories. Most buildings in this region were built in 1972 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Providence folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.