Providence, RI Commercial Real Estate for Lease and Sale

Explore 107 listing(s) of commercial real estate in Providence, RI to find the best space for your business.

The Calart Tower Building

400 Reservoir Avenue, Reservoir, Providence, RI
Property Type

Office
For Sale Contact for pricing

Property size 63,000 SF
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Frequently Asked Questions

Here is a rundown of the primary commercial real estate property types currently available in Providence:
- Office Space: The market includes 3,642,362 square feet of office spaces in addition to 111 coworking locations.
- Retail Space: Between malls, restaurants and stores, Providence is home to 286,522 square feet of available retail space.
- Industrial Space: Warehouses, distribution centers, manufacturing facilities and other industrial types total 356,069 square feet of available space in Providence.
The average rent for commercial real estate in Providence is $23.36 per square foot. However, specific rates may vary widely by property type, class and quality. The cheapest commercial space in Providence costs $18, while the city’s premium locations ask up to $27.86.
Here is a breakdown of the average size of different property classes (also known as asset class or property type):
- Class A/A+ properties have an average size of 187,082 square feet.
- Class B properties are sized 64,452 square feet, on average.
- Class C properties span an average of 25,289 square feet.
The best area for commercial real estate in Providence will depend greatly on your needs. The neighborhood with the largest overall number of commercial listings is Downtown Providence, home to no fewer than 75 listings for space of all types. If you're looking for office space, Downtown Providence has the highest concentration of office listings at 58.

Meanwhile, Lower South Providence has the highest number of industrial availabilities (3), while Downtown Providence boasts the largest number of retail listings in the city (10).
CommercialCafe’s CRE offering in Providence is enabled by a network of 35 active brokers from 23 different firms, ensuring a wide variety of listings. Working with an experienced professional can make a real difference. Learn more about the benefits of working with a broker.

To get in touch with a broker, use the "Contact Property" button on this search page or fill in the contact form provided on each individual property’s listing page.
The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself, local market conditions, the state of the local economy and the demand for that particular type of commercial property, to name a few.

Asking rents in the city can be as high as $27.86 per square foot. In particular, the property type commanding the highest lease rates in Providence is Office space.
The average size of a commercial property here stands at 261,170. However, different asset classes and zoning laws will result in vastly different property sizes. Here is a breakdown of the average size of different commercial asset classes in Providence:
Office properties:
- Average size: 68,724 square feet.
- Largest property: 313 Iron Horse Way (105,064 square feet).
Retail properties:
- Average size: 19,102 square feet.
- Largest property: Full Building (10,261 square feet).
Industrial properties:
- Average size: 39,564 square feet.

Providence, RI Commercial Space Listings

Commercial Space for Lease - Breakdown

The 70 listings for commercial real estate currently available for rent in Providence add up to 1,294,120 square feet across various property types. Here's a breakdown of the available space by category:

Property Type	Count of Listings	Total Sq. Ft.
Office	42	837,459
Retail	15	63,419
Industrial	8	132,072
Other	5	261,170

Office properties:

The market has 42 active office listings, encompassing 837,459 square feet.
Providence office spaces currently listed on CommercialCafe represent 60% of the total commercial real estate market in Providence, compared to an average of 40% across all markets tracked by CommercialCafe.

Retail Space:

There are 15 retail listings available, adding up to a total of 63,419 square feet.
Retail spaces account for approximately 21% of the local commercial market, while the average share taken up by retail in all U.S. markets is 35%.

Industrial Space:

The industrial market in Providence offers 8 listings, amounting to 132,072 available square feet.
Industrial spaces, including warehouses and manufacturing sites, make up about 11% of the total commercial space available in the market, compared to a nationwide average of 24%.

Commercial Space for Sale - Breakdown

There are currently 20 properties listed for sale in the Providence market, adding up to 327,490 square feet of space available for purchase. Here is a breakdown of the commercial space for sale listed locally:

11 office properties
4 retail properties
2 industrial properties

Property Type	Count of Listings	Total Sq. Ft.
Office	11	155,754
Retail	4	84,126
Industrial	2	35,362
Other	3	52,248

Providence, RI Commercial Real Estate for Lease and Sale

The Calart Tower Building

Frequently Asked Questions

Providence, RI Commercial Space Listings

Commercial Space for Lease - Breakdown

Commercial Space for Sale - Breakdown

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