Downtown Providence Retail

Downtown Providence

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
8,900
As of: July 19, 2017

Downtown Providence Rates

The typical asking rate per listing is in the $40's per square foot per year. The Downtown Providence submarket is going through a an increase in rates. In the last 3 months, the median rate rose $15 per sqft per year. That's a 46% rise in rent.

Compared to the rest of the Greater Boston market, the Downtown Providence region has greater rates, and you'll need to pay a premium to be in this hot region.

Downtown Providence Listing Supply

In the last 90 days, 12 listings have been listed, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 33% of the available leases in the Downtown Providence are subleases, so you might be able to snag a great spot on a short term. 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 12,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 6 floors. Most buildings in this market were built in 1957 and are Class A.

Downtown Providence Community

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 residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Providence.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Providence.
Research