CBRE 2018 Outlook: Downtown, suburban office markets tighten, industrial space at record low

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PROVIDENCE MAYOR JORGE O. Elorza speaks at the CBRE 2018 Market Outlook, presented by CB Richard Ellis New England. / PBN PHOTO/MARK S. MURPHY
PROVIDENCE MAYOR JORGE O. Elorza speaks at the CBRE 2018 Market Outlook, presented by CB Richard Ellis New England. / PBN PHOTO/MARK S. MURPHY
PROVIDENCE – The commercial real estate market across Rhode Island is strengthening, with record occupancy rates in industrial properties and shrinking availability in the downtown and suburban office markets in 2017. The increased interest is driven by activity in Providence, but is benefiting suburban markets because of the small size of the state. The proximity…

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