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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USA

Commercial Real Estate

Rhode Island

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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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Rhode Island commercial real estate sold prices and values

Values and sold prices (last 24 months)	United States	Rhode Island
Average price/sqft	$927	$3,215
Average sold price	$1,032,380	$407,384
Median sold price	$196,928	$246,886
Number of sales	3,733,633	8,718
Number of sales over $250k	1,581,467	4,308
Number of sales over $1m	359,353	458
Number of sales over $10m	48,908	20
Average total tax amount	$7,081	$6,520
Average assessed value	$252,824	$298,937
Average market value	$357,265	$298,937

Rhode Island commercial real estate property averages

Property averages	United States	Rhode Island
Average lot size	816,594 sf	90,649 sf
Median lot size	24,445 sf	6,841 sf
Average building area	1,077 sf	89 sf
Median building area	77 sf	67 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

Supply	United States	Rhode Island
Number of parcels	58,466,290	128,646
Aggregate lot acerage	1,006,409,685	139,990
Aggregate building area	8,055,383,228 sf	3,585,631 sf
Aggregate units	90,025,159	173,311