Downtown Ledger

Office vacancy

Present

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 figure is the Rhode Island market, not the boundary. 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. Q4 2021 was 15.85% per CBRE. S31 S32 S20

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

Peers, inside their own declared downtowns

Notes

All three are market-wide. The Providence report has a submarket table with a CBD line that has not been read off the PDF yet.