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 $1,168 $124
Median price/sqft $119 $98
Average sold price $1,117,563 $400,092
Median sold price $197,898 $244,463
Number of sales 3,902,326 9,129
Number of sales over $250k 1,658,544 4,401
Number of sales over $1m 383,309 462
Number of sales over $10m 55,529 21
Average total tax amount $9,284 $7,659
Average assessed value $314,793 $383,841
Average market value $404,302 --

Rhode Island commercial real estate property averages

Property averages United States Rhode Island
Average lot size 816,718 sf 90,649 sf
Median lot size 24,408 sf 6,834 sf
Average building area 1,096 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 58,289,378 128,533
Aggregate lot acerage 993,306,397 139,743
Aggregate building area 8,102,395,269 sf 3,558,928 sf
Aggregate units 89,958,854 173,221

Rhode Island commercial real estate industrial mortgages

Debt United States Rhode Island
Number of mortgages 41,608,099 203,468
Average value of mortgages $5,187,372 $505,937

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