Most listings are in the $20's per square foot per year. The Downtown Providence region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $11 per sqft per year. That's a 32% decline in rent.
Compared to the rest of the Greater Boston market, the Downtown Providence submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 12 listings have come on the market, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 17% of the listings 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 8,900 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 6 floors. Most buildings in this market were built in 1957 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Waste services is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Providence occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.