Providence, on the record
Downtown Ledger

Office vacancy

There

Downtown-specific: more than 20% of commercial space empty in the Financial District and nearly 32% in Capital Center, per the Boston Globe in April 2025. Q4 2021 was 15.85% for downtown per CBRE, the last published downtown-only rate. Market-wide: 13.7% overall vacancy, all classes, Q2 2026, per Cushman & Wakefield and Hayes & Sherry's Providence MarketBeat; year-to-date net absorption 115,000 sq ft; asking rent $23.03. The report says the market is tight with no speculative office construction expected, and that FM's purchase of 10 Memorial Blvd took nearly 60,000 sq ft of Class A space off the central business district. S41 S20 S31 S32

On the list because a peer downtown has it. Not yet verified by the author.

Peers, inside their own declared downtowns

Notes

The MarketBeat has no CBD line: its only submarket breakdown is a map key, and Providence is one submarket, the whole city (read Sept 28 2026). Downtown-only figures since 2021 are the Globe's two district numbers; no firm publishes a quarterly downtown rate for Providence in the open. Peers are market-wide.