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 $347,282. Commercial real estate sale prices in Rhode Island have a median of $210,004. The last 24 months of sales history has seen 9,822 sales, with 3,597 sales greater than $250,000, 444 sales valued at over $1,000,000, and 27 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 $85.

Values and sold prices (last 24 months) United States Rhode Island
Average price/sqft $1,591 $104
Median price/sqft $101 $85
Average sold price $1,191,151 $373,831
Median sold price $192,684 $210,004
Number of sales 2,516,453 9,822
Number of sales over $250k 1,067,354 3,597
Number of sales over $1m 275,406 444
Number of sales over $10m 40,988 27
Average total tax amount $6,485 $7,433
Average assessed value $294,422 $347,282
Average market value $346,235 --

Rhode Island commercial real estate property averages

The average lot size of commercial real estate properties in Rhode Island is 5,828 sf. This is 125% below the United States average.

Property averages United States Rhode Island
Average lot size 837,108 sf 84,031 sf
Median lot size 25,566 sf 5,828 sf
Average building area 1,314 sf 80 sf
Median building area 60 sf 61 sf
Median year built 1964 1920
Average number of units 21 4
Median number of units 2 2

Rhode Island commercial real estate total supply

There are 170,996 commercial real estate properties in Rhode Island. This is 198% below the United States average. The total acerage is 156,399 acres and the aggregate building area for commercial real estate properties in Rhode Island is 4,331,678 sf.

Supply United States Rhode Island
Number of parcels 51,649,673 170,996
Aggregate lot acerage 684,153,710 156,399
Aggregate building area 7,014,526,346 sf 4,331,678 sf
Aggregate units 92,501,085 306,199

Rhode Island commercial real estate industrial mortgages

There are 114,844 mortgages for commercial real estate properties across Rhode Island in the Reonomy database. The average value of those mortgages is $505,407. This is 178% below the United States average.

Debt United States Rhode Island
Number of mortgages 16,067,726 114,844
Average value of mortgages $8,736,966 $505,407

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