Providence, Rhode Island has a great amount of business developments in the area, and has been pushing many new developments in the area to help entrepreneurs of all types. The office suite vacancy rate is at 17% and has been starting to improve as the overall national economic picture starts to see improvements. The area has seen a great influx of opportunities for those looking to house and develop business in the area. A recent survey of office suite vacancies in the Providence area yielded many great spaces at around $550 a month for small spaces and less than $2 and $1 a square foot for 1,000 square feet and beyond. Some spaces came equipped with some great amenities and free options like utilities and much more. For those looking for executive suites, there were many options priced at around $500 a month with private entries, high speed Internet, and first month free. The office furniture outlets in the area also help entrepreneurs with great overall furnishings to help businesses succeed. We also provide furnished office suites in New York, Vermont, Hartford, and New Haven.
When renting a Providence office suite, you need to plan ahead and consider what type of amenities and extras you need? Where will your employees park, who will greet your clients at the front desk, etc.? See a list below that can help you when considering the various quotes you receive. Reception Services, Meet & Greet, Telephone Answering, Admin, Office Facilities, Furnished Options, Meeting Rooms, Conference Suites, Virtual Office, Voicemail, AC, Alarm or manned security, 24 Hour Access.
The city of Providence is the most populous state in the state of Rhode Island. It is the first city to be established in the United States and is estimated as being the 2nd or 3rd largest city in the New England are. The city of Providence has an estimated population of 171,557 at the city center and upwards of 1.6 million residents in the greater metropolitan area. It is geographically located at the mouth of the Providence River and the head of the Narragansett Bay. The city has experience a diverse growth in recent years, and has a diverse demographic shift.
The city of Providence has a deep economic picture. The area has seen a manufacturing decline in recent years, but the city’s largest industries include silverware design, jewelry, financial, and government industries. It is also one of the largest hubs for the United States Postal Service. The city has a number of large companies including several on the Fortune 500 and Fortune 1000. Some of the largest employers in the general metropolitan area include, Rhode Island Hospital, Brown University, The United States Postal Service, Bank of America, Verizon, and Bank Boston among the largest. The area has seen a great deal of development growth since 1993 and continues to expand to house the great number of residents flocking to the area. The unemployment rate of Providence has recently risen to 13% and is higher than the national average. One bright side to a down economy is that now anybody can rent or lease a nice office space or executive office suite at the lowest rates in years.
The city has a deep history of sports, specifically in the American Hockey League. While the New England area has deep traditions of sports, the Providence area is home to NCAA, AAA Baseball, and Hockey franchises. The city is also home to one of the largest roller derby leagues, and is quite popular. The major franchises close by are the New England Patriots and the New England Revolution both teams playing halfway between Boston and Providence.
The crime rate of Providence is actually not too high compared to other larger cities. While the rate is 68 per one thousand, it still has a good amount of safe neighborhoods and is seen as a safer area than many other cities in the greater New England region.