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.
Rhode Island commercial real estate sold prices and values
|Values and sold prices (last 24 months)||United States||Rhode Island|
|Average sold price||$1,051,559||$410,787|
|Median sold price||$197,877||$249,714|
|Number of sales||3,311,016||7,847|
|Number of sales over $250k||1,405,142||3,928|
|Number of sales over $1m||316,433||414|
|Number of sales over $10m||42,830||18|
|Average total tax amount||$7,047||$6,405|
|Average assessed value||$252,071||$291,667|
|Average market value||$355,894||$291,667|
Rhode Island commercial real estate property averages
|Property averages||United States||Rhode Island|
|Average lot size||815,813 sf||90,632 sf|
|Median lot size||24,444 sf||6,837 sf|
|Average building area||1,078 sf||89 sf|
|Median building area||77 sf||68 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||1,005,539,896||139,850|
|Aggregate building area||8,055,243,770 sf||3,585,583 sf|
Rhode Island commercial real estate industrial mortgages
|Debt||United States||Rhode Island|
|Number of mortgages||41,923,137||204,347|
|Average value of mortgages||$5,197,256||$506,851|