CBRE: Providence commercial real estate market strengthens

COMMERCIAL REAL ESTATE absorption totaled more than 150,000 square feet across the eight downtown districts in Providence, with a total vacancy rate of 9.8 percent, an improvement from the 12 percent reported at year-end 2017. / PBN FILE PHOTO/MICHAEL SALERNO
COMMERCIAL REAL ESTATE absorption totaled more than 150,000 square feet across the eight downtown districts in Providence, with a total vacancy rate of 9.8 percent, an improvement from the 12 percent reported at year-end 2017. / PBN FILE PHOTO/MICHAEL SALERNO
PROVIDENCE – The Downtown Providence office market continued to strengthen in 2018, with the combined commercial districts that make up the area ending the year with an occupancy exceeding 90 percent. Absorption totaled more than 150,000 square feet across the eight downtown districts, with a total vacancy rate of 9.8 percent, an improvement from the…

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