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Trying to find the ideal executive office suite or commercial office space in Providence, RI can be a time consuming and frustrating process. The current economic times in which we live has made for a tougher business climate and has made it necessary for all businesses (or individuals like investment advisors, doctor’s, advertising representatives, etc) to find the ideal commercial office spaces with the most value. Even in today’s tumultuous market, we can help you find and lease Providence office space. Officespaceheaven.com offers a free service and has a proven track record to help any sized business be successful with their search for commercial office space in Providence. The capital city of the state of Rhode Island, and most popular city in the state is Providence. Providence was one of the first cities to be established in the United States. It is the third largest city in the region of the northeast U.S. known as the New England region. The estimated population of the area is 171,557 in the city center and upwards of 1,600,856 in the metropolitan areas. The city boasts one of the most diverse and large populations in the New England area. Other areas that we service near Providence are Cranston, Lincoln, Smithfield and Warwick. We also provide office space in Boston, Manhattan and Maine.
Office Space Pricing
The area boats a large amount of commercial real estate development and many office space options for those that are looking to grow or start a business. A recent survey of the vacancies in the greater Providence area yielded office space openings at around $500 a month for a small office space that is turn key and move in ready. Prices like these suggest that there has never been a more affordable time to lease Providence office space. Many have amenities like free utilities or large warehouse storage spaces adjacent and can be found in a variety of economically diverse areas of the city. For those with the entrepreneurial spirit, there are many growing options to choose from in terms of office space. Some of the more popular options include virtual offices, shared space offices, call centers and fully furnished suites. Due to this high vacancy rate, tenants should negotiate rental rates on their lease agreement. Sublease options should also be entertained as well. See our office space articles for more information.
The city of Providence has a robust and diverse array of industries that help boost the economy. The economy relies heavily on natural resources, manufacturing, trade, transportation, financial industry, government, education and services. The largest employers in the area are Rhode Island Hospital, Brown University, U.S. Postal Service, Women & Infants Hospital of Rhode Island, Miriam Hospital, Bank of America and Verizon. Several other large corporations call the city home but none of them match the top 7 in terms of number of employees hired. The city relies heavily on these companies for employment but there are also great entry-level positions in other companies. Whether you’re looking to start your career or expand your vocational reach, you can find a wealth of opportunity in the greater Providence area. With so many diverse industries and companies calling this fine city home, it’s a surprise that the unemployment rate of the city is roughly 14%, well above the National average. It is more than double the national average and has been touted as having one of the worst jobless rates in the nation at various points during the recession. There is an optimism growing in the area and many think that opportunities will exist in the near future for entrepreneurs making now a great time to lease Providence office space. The major airport near Providence is the Theodore Francis Green State Airport and it offers a great deal of travel options for those traveling in the New England area. Situated near the Highway 1 the airport is one of the more busy locales in the area in terms of travel. Helping millions of air travelers annually with relative ease, it easily rivals a lot of other major airports. The crime rate of Providence is moderate compared to other cities in the area and is only around 66 per one thousand residents. While not as low as some of the New England cities, it still averages below many larger cities in terms of violent crimes and more. So if you are looking to lease Providence office space then please check out our website. We have a page dedicated to commercial office space in Providence that provides listings for all types of offices. We also offer a free service.