Providence Sublease

Providence

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
4,700
As of: December 8, 2016

Providence Rates

Most listings are in the $20's per square foot per year. The Providence region is seeing a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 18% increase in rent.

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

Providence Listing Supply

In the last 90 days, 24 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 13% of the available space 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 4,700 sqft, there are still 0 new listings below 2,000 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