Commercial Real Estate in Rhode Island | Reonomy

Commercial Real Estate in Rhode Island

Unlock property data on all 124,923 commercial properties in Rhode Island. Search across 5 counties to find the Rhode Island property records you need, and get in touch with Commercial Real Estate owners in any market. Discover off-market properties likely to sell, refinance, or renovate, or find recent buyers and sellers.

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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 attracts a large community of Rhode Island commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in commercial properties.

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Rhode Island commercial real estate sold prices and values

Values and sold prices (last 24 months) United States Rhode Island
Average price/sqft $902 $3,265
Average sold price $977,667 $420,585
Median sold price $198,430 $250,000
Number of sales 2,619,546 6,194
Number of sales over $250k 1,116,847 3,156
Number of sales over $1m 252,938 325
Number of sales over $10m 34,725 16
Average total tax amount $7,209 $6,457
Average assessed value $251,442 $292,524
Average market value $357,014 $292,524

Rhode Island commercial real estate property averages

Property averages United States Rhode Island
Average lot size -- 90,373 sf
Median lot size -- 6,831 sf
Average building area -- 89 sf
Median building area -- 68 sf
Median year built -- 1920
Average number of units -- 3
Median number of units -- 2

Rhode Island commercial real estate total supply

Supply United States Rhode Island
Number of parcels 58,466,290 128,646
Aggregate lot acerage -- 139,332
Aggregate building area -- 3,585,495 sf
Aggregate units -- 173,227

Rhode Island commercial real estate industrial mortgages

Debt United States Rhode Island
Number of mortgages -- 204,321
Average value of mortgages -- $506,891

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