CBRE: Downtown Providence office vacancy rate drops to 11.9 percent

THE EIGHT DOWNTOWN Providence submarkets had office vacancies in 2017 ranging from a low of 1.3 percent in the Empire submarket to a high of 14.9 percent in the Promenade area, according to an overview prepared for Rhode Island by CB Richard Ellis New England. / COURTESY CBRE
THE EIGHT DOWNTOWN Providence submarkets had office vacancies in 2017 ranging from a low of 1.3 percent in the Empire submarket to a high of 14.9 percent in the Promenade area, according to an overview prepared for Rhode Island by CB Richard Ellis New England. / COURTESY CBRE
PROVIDENCE – How important is being able to walk easily from the office to a mass transit station? Enough to warrant a special mention in the market overview prepared for Rhode Island recently by CB Richard Ellis New England.  The downtown Providence office vacancy rate dropped for the third year in a row in 2017, to an average of 11.9…

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