Providence, Rhode Island, is a hub for retail activity, with a diverse range of Retail Space For Lease opportunities available. The city's strategic location, with its proximity to the Atlantic Ocean and its role as a busy port city, makes it an attractive destination for businesses and tourists alike. With a population of around 180,000, Providence offers a unique blend of history, culture, and entertainment, making it an ideal location for retail businesses. The city is home to several institutions of higher learning, including Brown University, Johnson & Wales University, and Rhode Island College, which attract a diverse student population. Additionally, Providence is known for its vibrant arts community, with numerous galleries, museums, and performance venues, including the Rhode Island School of Design Museum and the Providence Performing Arts Center. With its rich history, cultural attractions, and strong economy, Providence is an excellent location for retail businesses, with 93 Retail Space listings available for lease.
Providence offers a range of Retail Space options, from small boutiques to large shopping centers, with average annual rents ranging from $6 USD to $23 USD per square foot. The average size of Retail Space listings in Providence is around 5,840 square feet, with options available from 450 to 105,602 square feet. In addition to Retail Space, Providence also offers a range of other property types, including Restaurants, Medical Offices, and Office Space. Restaurants in Providence can be found in popular areas like the East Side and Federal Hill, with options ranging from casual eateries to fine dining establishments. Medical Offices are concentrated in the Jewelry District, which is home to several major hospitals and medical centers. Office Space is available throughout the city, with many options located in the downtown area, near the Rhode Island State House and the Providence Station transportation hub. With its diverse range of property types and listings, Providence is an attractive location for businesses of all types.
What is the average cost per square foot for retail space in Providence?
As of now, there are 93 available listings of Retail Space in Providence, with an average annual rent of $23 USD per square foot, and an average size of 5,840 square feet, making it an attractive option for businesses looking to establish a presence in this historic city.
How do anchor tenants affect surrounding retail space leases?
Anchor tenants, such as major department stores or grocery stores, can have a significant impact on surrounding retail space leases in Providence, Rhode Island, as they often attract a high volume of foot traffic and can increase the desirability of nearby retail spaces, leading to higher lease rates and lower vacancy rates, with currently 93 available listings of retail space for lease in Providence, offering an average annual rent of $23 USD per square foot and an average size of 5,840 square feet, with a maximum space size of 105,602 square feet.
