CBRE: Downtown Providence office vacancy at 15.85% in Q4, highest since 2016

THE DOWNTOWN PROVIDENCE office market continues to suffer an increasing vacancy rate since the start of the COVID-19 pandemic, reaching 15.85% for the fourth quarter of 2021, according to latest market figures provided by CBRE Inc. / PBN FILE PHOTO/CHRIS BERGNEHEIM
THE DOWNTOWN PROVIDENCE office vacancy rate was 15.85% for the fourth quarter of 2021, according to CBRE Inc. That's the highest vacancy rate since 2015. / PBN FILE PHOTO/CHRIS BERGNEHEIM
PROVIDENCE – The vacancy rate for downtown office space in the city continues to increase since the onset of the COVID-19 pandemic, reaching 15.85% for the fourth quarter of 2021, according to latest market figures provided by CBRE Inc. That’s the highest rate of vacancy for office properties downtown since year-end for 2015, when vacancy…

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