CBRE - Providence Business News

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

Are you concerned about the long-term effects of rising vacancy rates...

Economy 02/04/2022

CBRE Inc. says the vacancy rate for downtown office space in Providence was 15.85% for the fourth quarter of 2021. That’s the highest rate...

SNAPPED UP: Warehouse space is hard to come by lately, and that was illustrated by this recently completed flex building at the Quonset Business Park in North Kingstown. The space has already been leased by two businesses that will use the building for warehousing and other purposes. / PBN PHOTO/ELIZABETH GRAHAM

Companies on desperate search for warehouses

Focus 11/26/2021

Businesses looking for a warehouse in Rhode Island might be searching for a long time because the exploding growth of online retail has spurred...

LONELY PLACE: A visitor walks in an empty hallway at The Fashion Mall at Keystone in Indianapolis in March. Some corporations are taking the first steps toward bringing employees back to work. / AP FILE PHOTO/DARRON CUMMINGS

Back to work? Companies finding easier said than done

Coronavirus 04/24/2020

NEW YORK – As state and federal leaders tussle over when and how fast to “reopen” the U.S. economy amid the coronavirus pandemic, some...

THE DOWNTOWN PROVIDENCE office vacancy rate at the end of 2019 was 12.2%./ PBN FILE PHOTO/CHRIS BERGENHEIM

Report: Downtown Providence office vacancy increases to 12.2%

Economic Activity 01/28/2020

PROVIDENCE – The Downtown vacancy rate of office space increased roughly 2.4 percentage points year over year to 12.2% in the 2019 fourth quarter,...

BAY VIEW Estates was sold for $20.4 million. / COURTESY CBRE

Portsmouth apartment complex sells for $20.4M

Real Estate 12/16/2019

PORTSMOUTH – Bay View Estates has sold for $20.4 million to Schochet Cos., CBRE said on Monday. Seller Bay View Apartments is a partnership of...

CBRE leases offices in Warwick to R.I. Parent Information Network

Real Estate 09/18/2019

WARWICK – CBRE Inc. has leased 13,434 square feet at 300 Jefferson Blvd. to the nonprofit Rhode Island Parent Information Network, which helps families...

THE VACANCY RATE for office space in the Downtown Providence market was 11.8% at the end of the second quarter, an increase from 9.8% at the end of 2018. / PBN FILE PHOTO/CHRIS BERGENHEIM

Report: Downtown Providence office vacancy rate at 11.8% at end of...

Real Estate 08/22/2019

PROVIDENCE – The vacancy rate of Downtown Providence office space at the end of the second quarter of 2019 was 11.8%, an increase from...

Industrial building sells for $625K in East Providence

Real Estate 06/05/2019

EAST PROVIDENCE – A nearly 19,000-square-foot building in the city, off Wampanoag Trail, has sold for $625,000. The property at 37 Tripps Lane was purchased...

THE INDUSTRIAL building at 2700 Plainfield Pike in Cranston has sold for $6.9 million. /COURTESY CBRE INC.

Cranston industrial property sold for $6.9M

Real Estate 03/12/2019

CRANSTON – A nearly 235,000-square-foot industrial building at 2700 Plainfield Pike has been sold to a Massachusetts-based real estate development company for $6.9 million. The...