Commercial real estate in Rhode Island

Search commercial real estate records in Rhode Island to find the property data you need. Reonomy provides the most comprehensive commercial real estate information available through the aggregation of commercial property records and data. Search through Rhode Island commercial property sales records, owner records and tax records. Signup for a free trial to uncover more information and search by filters including sales history, debt and owner.

Rhode Island Property Quick Facts:

  • Rhode Island has nearly 120,000 commercial properties in total
  • Of those 120,000, the top two most popular markets include multifamily with 43,000 properties and vacant land with 45,900
  • Over a fourth (31,147) of Rhode Island’s entire commercial real estate property pool is located in Providence

Rhode Island Market Overview:

Don’t let its size fool you--big things are happening in Rhode Island. With more the $500 million in construction currently happening in Providence, the state’s capital and surrounding areas are alive with development.

Renewable energy is a particularly hot trend for Rhode Island’s commercial real estate community. With the establishment of the Renewable Energy Growth Program (REG Program) in 2015, the state continues to see renewable energy projects across all technologies, including wind, solar, and hydropower. This includes the country’s first operating off-shore wind project, Block Island Wind Farm, as well as the country’s second largest landfill energy project. Begin searching all Rhode Island commercial properties today for free with Reonomy OffMarket. Start your trial here.

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Popular searches around Rhode Island

Reonomy operates the most comprehensive database for Rhode Island Commercial Real Estate and other commercial real estate assets across the U.S. Reonomy includes over 47 million commercial real estate properties, each property features sales, debt, tax and ownership data. Reonomy attracts a large community of Rhode Island commercial real estate professionals. Members from Rhode Island include brokers, investors and service providers, many of whom specialize in Rhode Island Commercial Real Estate.

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Rhode Island commercial real estate sold prices and values

The average assessed value of commercial real estate properties in Rhode Island is $368,882. Commercial real estate sale prices in Rhode Island have a median of $229,998. The last 24 months of sales history has seen 9,204 sales, with 3,955 sales greater than $250,000, 477 sales valued at over $1,000,000, and 23 sales valued at over $10,000,000. The average price per square foot of commercial real estate properties in Rhode Island over the last 24 months is $93.

Values and sold prices (last 24 months) United States Rhode Island
Average price/sqft $1,344 $120
Median price/sqft $115 $93
Average sold price $1,162,392 $403,034
Median sold price $191,467 $229,998
Number of sales 3,863,764 9,204
Number of sales over $250k 1,613,612 3,955
Number of sales over $1m 389,810 477
Number of sales over $10m 58,005 23
Average total tax amount $5,906 $7,545
Average assessed value $273,996 $368,882
Average market value $321,051 --

Rhode Island commercial real estate property averages

The average lot size of commercial real estate properties in Rhode Island is 6,806 sf. This is 113% below the United States average.

Property averages United States Rhode Island
Average lot size 819,068 sf 89,874 sf
Median lot size 24,646 sf 6,806 sf
Average building area 1,164 sf 85 sf
Median building area 73 sf 64 sf
Median year built 1970 1920
Average number of units 16 3
Median number of units 2 2

Rhode Island commercial real estate total supply

There are 128,034 commercial real estate properties in Rhode Island. This is 199% below the United States average. The total acerage is 135,734 acres and the aggregate building area for commercial real estate properties in Rhode Island is 3,403,200 sf.

Supply United States Rhode Island
Number of parcels 57,284,908 128,034
Aggregate lot acerage 882,586,122 135,734
Aggregate building area 8,038,750,738 sf 3,403,200 sf
Aggregate units 87,804,464 170,755

Rhode Island commercial real estate industrial mortgages

There are 165,409 mortgages for commercial real estate properties across Rhode Island in the Reonomy database. The average value of those mortgages is $531,820. This is 163% below the United States average.

Debt United States Rhode Island
Number of mortgages 38,333,712 165,409
Average value of mortgages $5,270,730 $531,820

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