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 $372,042. Commercial real estate sale prices in Rhode Island have a median of $235,203. The last 24 months of sales history has seen 9,108 sales, with 4,139 sales greater than $250,000, 450 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 $96.

Values and sold prices (last 24 months) United States Rhode Island
Average price/sqft $1,383 $119
Median price/sqft $117 $96
Average sold price $1,121,868 $410,234
Median sold price $194,935 $235,203
Number of sales 3,907,581 9,108
Number of sales over $250k 1,646,046 4,139
Number of sales over $1m 386,972 450
Number of sales over $10m 55,955 23
Average total tax amount $5,932 $7,581
Average assessed value $307,066 $372,042
Average market value $388,214 --

Rhode Island commercial real estate property averages

The average lot size of commercial real estate properties in Rhode Island is 6,815 sf. This is 112% below the United States average.

Property averages United States Rhode Island
Average lot size 816,882 sf 90,255 sf
Median lot size 24,485 sf 6,815 sf
Average building area 1,138 sf 87 sf
Median building area 75 sf 66 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 128,036 commercial real estate properties in Rhode Island. This is 199% below the United States average. The total acerage is 137,506 acres and the aggregate building area for commercial real estate properties in Rhode Island is 3,432,111 sf.

Supply United States Rhode Island
Number of parcels 57,794,383 128,036
Aggregate lot acerage 958,750,430 137,506
Aggregate building area 8,137,456,057 sf 3,432,111 sf
Aggregate units 87,699,574 171,745

Rhode Island commercial real estate industrial mortgages

There are 199,621 mortgages for commercial real estate properties across Rhode Island in the Reonomy database. The average value of those mortgages is $496,573. This is 165% below the United States average.

Debt United States Rhode Island
Number of mortgages 40,416,832 199,621
Average value of mortgages $5,210,150 $496,573

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