Providence, RI Commercial Real Estate for Lease and Sale

Explore 74 listings of Providence commercial real estate to find the best space for your business.

Tilden-Thurber Building

292 Westminster Street, Downtown Providence, Providence, RI
Property

Office

14,000 SF
Availability

3 Spaces

14,000 SF
For Lease

$20.00 - $40.00/SF/YR
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100 Niantic Avenue

100 Niantic Avenue, Reservoir, Providence, RI
Property

Office

81,254 SF
Availability

1 Space

14,844 SF
For Lease

$11.00/SF/YR
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88 Niantic Avenue

88 Niantic Avenue, Reservoir, Providence, RI
Property

Industrial

23,868 SF
Year Built

1964
For Sale

$2,500,000
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111 Chestnut Street

111 Chestnut Street, Downtown Providence, Providence, RI
Property

Office

25,602 SF
Availability

1 Space

3,000 SF
For Lease

$20.00/SF/YR
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Industrial Land
15 LaSalle Square

15 LaSalle Square, Downtown Providence, Providence, RI
Property

Office

136,000 SF
For Sale Contact for pricing
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The East Office Building

56 Exchange Terrace , Downtown Providence, Providence, RI
Property

Office

37,500 SF
Availability

1 Space

7,500 SF
Year Built

1987
For Lease

$26.00/SF/YR
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235 Georgia Avenue

235 Georgia Avenue, Washington Park, Providence, RI
Property

Office

34,000 SF
Availability

1 Space

10,500 SF
For Lease

$19.95/SF/YR
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268 Thayer Street

268 Thayer Street, College Hill, Providence, RI
Property

Retail

2,900 SF
Availability

1 Space

2,900 SF
For Lease Contact for pricing
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218 Westminster St

218 Westminster St, Downtown Providence, Providence, RI
Property

Office

16,216 SF
For Sale

$3,500,000
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3 Steeple Street

3 Steeple Street, College Hill, Providence, RI
Property

Office

6,694 SF
Availability

4 Spaces

6,644 SF
For Lease Contact for pricing
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Elmhurst Professional Building

1075 Smith St, Elmhurst, Providence, RI
Property

Office

10,017 SF
Availability

1 Space

1,300 SF
Year Built

1984
For Lease

$16.50/SF/YR
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168 Cumberland Street

168 Cumberland Street, Wanskuck, Clear Spring, MD
Property

Retail

3,584 SF
For Sale

$1,000,000
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Park Row West / Moshassuck Court

Moshassuck Court, Downtown Providence, Providence, RI
Property

VacantLand

3.6 Acre
Availability

4 Spaces

2.92 Acre
Year Built

1991
For Lease Contact for pricing
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120 Atwells Ave

120 Atwells Ave, Federal Hill, Providence, RI
Property

Retail

9,020 SF
For Sale

$1,975,000
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Manufacturing, Dry Storage & Office Space

25 Manton Ave, Olneyville, Providence, RI
Property

Industrial

61,692 SF
Availability

3 Spaces

8,550 SF
Year Built

1900
For Lease

$15.00/SF/YR
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725 Branch Avenue

725 Branch Avenue, Wanskuck, Providence, RI
Property

Retail

6,083 SF
Availability

1 Space

6,083 SF
For Lease Contact for pricing
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300-310 Atwells Avenue

300-310 Atwells Avenue, Federal Hill, Providence, RI
Property

Retail

14,338 SF
For Sale Contact for pricing
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42 Westfield St

42 Westfield St, West End Providence, Providence, RI
Property

Office

32,670 SF
Year Built

1920
For Sale

$2,100,000
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313 Iron Horse Way

313 Iron Horse Way, Valley, Providence, RI
Property

Office

105,064 SF
Availability

1 Space

105,064 SF
For Lease Contact for pricing
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251 Wickenden Street

251 Wickenden Street, Fox Point, Providence, RI
Property

Office

4,568 SF
Availability

2 Spaces

1,654 SF
Year Built

1985
For Lease Contact for pricing
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395 Admiral St

395 Admiral St, Wanskuck, Providence, RI
Property

Retail

10,261 SF
Availability

1 Space

10,261 SF
Year Built

1964
For Lease Contact for pricing
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146 Westminster Street

146 Westminster Street, Downtown Providence, Providence, RI
Property

Office

8,570 SF
Availability

1 Space

4,285 SF
For Lease

$19.50/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Providence commercial real estate market incorporates 2,432,530 square feet of office space across 35 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Providence commercial real estate market includes 439,682 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Providence market, there is a total of 187,303 square feet of industrial property.

The listing inventory in Providence incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Providence is represented by Office space, which accounts for 751,872 square feet of available listings. Retail space available in Providence adds up to 60,370 square feet.

Meanwhile, most of the listings of commercial property for sale in Providence are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Providence is $25.19 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Providence can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Providence, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Providence is in the Downtown Providence neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Providence area.

Meanwhile, retail space opportunities are most abundant in the Downtown Providence submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Olneyville.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

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 — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $32.73 per square foot. In particular, the property type commanding the highest lease rates in Providence was Office space.

Conversely, the highest sale price last year was $6,500,000 that is located at 70 Royal Little Drive.

The average size of a commercial property in Providence depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Providence, the average size of an office property is 71,545 square feet.
Retail properties here incorporate an average of 27,481 square feet.
Industrial space in Providence is in buildings that are, on average 62,435 square feet in size.

Providence, RI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Providence currently add up to 1,124,972 square feet. The market offers 33 active office listing(s), which amount to 761,872 square feet and account for 61% of commercial spaces on the market. Local retail availability includes 57,470 square feet across 14 retail space(s). Industrial space for rent opportunities in Providence amount to 26,846 square feet across a total of 2 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	33	761,872
Retail	14	57,470
Industrial	2	26,846
Other	5	278,784

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Providence, RI. Currently, there is 233,264 square feet of commercial property for sale here , which includes 4 office building(s) for sale , 4 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	4	204,239
Retail	4	23,174
Other	3	5,851

Providence, RI Commercial Real Estate for Lease and Sale

Tilden-Thurber Building

100 Niantic Avenue

88 Niantic Avenue

111 Chestnut Street

15 LaSalle Square

The East Office Building

235 Georgia Avenue

268 Thayer Street

218 Westminster St

3 Steeple Street

Elmhurst Professional Building

168 Cumberland Street

Park Row West / Moshassuck Court

120 Atwells Ave

Manufacturing, Dry Storage & Office Space

725 Branch Avenue

300-310 Atwells Avenue

42 Westfield St

313 Iron Horse Way

251 Wickenden Street

395 Admiral St

146 Westminster Street

Frequently Asked Questions

Providence, RI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Providence, RI Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Providence, RI?

What factors affect the price of commercial real estate in Providence, RI?

What is the average rent for commercial space in Providence, RI?

What are the best areas for commercial real estate in Providence, RI?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Providence, RI?

Providence, RI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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