Providence, Rhode Island, is an attractive location for businesses looking to establish a presence in the Northeast, with a diverse economy and a strong presence of educational institutions, including Brown University, Johnson & Wales University, and Rhode Island College. The city's strategic location, with access to major highways, airports, and seaports, makes it an ideal spot for companies looking to distribute their products or services throughout the region. With a range of amenities, including Waterplace Park and the Riverwalk, Roger Williams Park, and the Rhode Island School of Design Museum, Providence offers a unique blend of history, culture, and entertainment. As a result, a Commercial Real Estate Property For Lease in Providence can be a valuable investment, providing access to a talented workforce, a strong economy, and a high quality of life.
With 254 Commercial Real Estate Properties For Lease available in Providence, businesses have a range of options to choose from, including office spaces, coworking spaces, retail spaces, and industrial spaces. For example, office spaces in the Jewelry District, also known as the Knowledge District, offer proximity to emerging life sciences and technology-based companies. Coworking spaces in the North End provide access to a diverse range of businesses and amenities. Retail spaces in the East Side offer a unique blend of history and culture, with proximity to Brown University and the Rhode Island School of Design. Industrial spaces in the South Side provide access to major highways and transportation infrastructure. With average annual rents of $20 USD per square foot, and spaces ranging in size from 1 square feet to 653,400 square feet, there's a Commercial Real Estate Property For Lease in Providence to suit every business need.
What factors should I consider when leasing commercial real estate?
When leasing commercial real estate in Providence, Rhode Island, there are several key factors to consider, including:
- Location: Consider the proximity to major transportation facilities, such as T. F. Green Airport, Providence Station, and I-95, as well as the accessibility to local amenities, like Waterplace Park and the Riverwalk, and the overall desirability of the neighborhood or district.
- Space requirements: Determine the ideal square footage needed for your business, taking into account the average size of 11,779 square feet and the maximum space size of 653,400 square feet available in Providence.
- Budget: Calculate the total cost of the lease, including the average annual rent of $20 USD per square foot, as well as any additional fees or expenses, and ensure it fits within your company's budget, with 254 available listings to choose from.
How do I determine the right size and type of commercial property to rent for my business needs?
When searching for the right commercial property to rent for your business needs in Providence, it's essential to consider factors such as the size of the space, location, and amenities. With 254 available listings of commercial real estate for lease in Providence, you'll want to narrow down your options by determining the ideal square footage and type of property that suits your business requirements.
- Start by calculating your business's spatial needs, taking into account the number of employees, equipment, and inventory you'll need to accommodate. For reference, the average size of commercial properties for lease in Providence is 11,779 square feet, with a maximum space size of 653,400 square feet.
- Consider the type of commercial property that aligns with your business needs, such as office, retail, industrial, or warehouse space. Providence's diverse economy and infrastructure support a range of industries, from trade and transportation to educational and health services.
- Finally, think about the amenities and location that will support your business's success. Providence offers a range of amenities, including access to major transportation facilities, institutions of higher learning, and a strong arts community, which can impact the type and size of commercial property you need.
