How many Office Space listings are available for sale in Providence?
Currently, there are 31 Office Space listings for sale near Providence, RI. LoopNet regularly showcases the most current office listings, with new properties added frequently.
What is the cost for Office Space for sale in Providence?
The average price per square foot for is about $160 for Providence Office Space. Requirements such as number of employees, parking and amenity options, market demand, age and condition of building, etc. help determine the price for Office Space in the Providence area.
How big is the Office Space available for sale in Providence?
The average size of Office Space available for sale in Providence, RI is approximately 23,987 SF. The largest office available is 276,767 SF and the smallest is 1,040 SF.
Factors such as number of employees, ratio of offices to open space, storage needs, potential anticipated growth, etc. will determine the size of office space that's best for you.
What is the average cap rate for Office Properties in Providence?
Currently, the average cap rate for office properties in Providence, RI is typically 9.90%, with variations depending on specific submarkets, class of the property and current market conditions. Read through our article for
more information about cap rates and what influences them.
What are the classifications of Office Buildings for sale in Providence?
- Class A office buildings are newer, high-quality constructions located in prime areas, offering top-tier amenities and professional management.
- Class B buildings are older but well-maintained, situated in accessible locations with standard amenities and the potential for upgrades.
- Class C office spaces are typically older structures in less desirable areas, offering fewer amenities and lower rental rates.
When looking for the right office property near Providence, RI consider these types to decide on the right investment opportunity.
