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VACANCY
Apartment
The average Vacancy Rate was 3.5% in the Providence metro
- Vacancy in the Providence metro drifted downward by 40 basis points.
- The Providence metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 3.4% in the Providence metro.
Distribution / Warehousing
The average Vacancy Rate was 5.9% in the Providence metro
- No vacancy change since year-end 2021 in the Providence metro.
- Vacancy is expected to finish 2022 at 5.5% in the Providence metro.
Office
The average Vacancy Rate was 18.0% in the Providence metro
- Vacancy in the Providence metro drifted upward by 40 basis points.
- Vacancy is expected to finish 2022 at 18.4% in the Providence metro.
Retail
The average Vacancy Rate was 11.6% in the Providence metro
- No vacancy change since year-end 2021 in the Providence metro.
- Vacancy is expected to finish 2022 at 11.7% in the Providence metro.
RENT
Apartment
The average Asking Rent was $1,586 in the Providence metro
- Rent in the Providence metro was up 2.1% from year-end 2021.
- Rent is expected to finish 2022 at $1,612 in the Providence metro.
Distribution / Warehousing
The average Asking Rent was $6.43 in the Providence metro
- Rent in the Providence metro was up 1.3% from year-end 2021.
- Rent is expected to finish 2022 at $6.61 in the Providence metro.
Office
The average Asking Rent was $20.96 in the Providence metro
- The Providence metro remained flat rent since year-end 2021.
- Rent is expected to finish 2022 at $20.97 in the Providence metro.
Retail
The average Asking Rent was $21.74 in the Providence metro
- The Providence metro remained flat rent since year-end 2021.
- Rent is expected to finish 2022 at $21.87 in the Providence metro.