Providence Sublease

Providence

Office Space Market Report

Number of Listings (last 90 days)
20
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
1,890
As of: March 1, 2017

Providence Rates

The typical asking rate per listing is in the $20's per square foot per year. The Providence region is experiencing a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 15% increase in rent.

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

Providence Listing Supply

In the last 90 days, 20 listings have come on the market, which means office spaces are probably leasing quickly. 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.

The standard measurement for office space in this area is around 1,890 sqft. Most properties in this market are close to 3 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