Commercial Real Estate Market in Rhode Island
Rhode Island has 1,710 active for-sale listings and 647 active for-lease listings. Statewide, the median asking price is $217/SF and the median asking rent is $18.00/SF/Yr as of November 2026. Realmo tracks 37 city markets here; among the 25 with enough listings to rank, median asking prices range from $124/SF in North Smithfield to $538/SF in Newport.
- Median asking price
- $217/SF
- Median asking rent
- $18.00/SF/Yr
- For-sale listings
- 1,710
- For-lease listings
- 647
- City markets
- 37
Highest- and Lowest-Priced Markets
Asking prices vary across Rhode Island: the median in Newport is $538/SF, 4.3x the $124/SF median in North Smithfield. The figures below are median asking prices from live listings, not closed sales.
Asking Prices
The highest median asking prices are in Newport at $538/SF, Narragansett at $366/SF and Middletown at $350/SF. The lowest median asking prices are in North Smithfield at $124/SF, Woonsocket at $135/SF and North Kingstown at $168/SF. 11 of 25 ranked markets have median asking prices above the statewide $217/SF.
Asking Rents
The highest median asking rents are in Johnston at $25.00/SF/Yr, Warwick at $20.65/SF/Yr and Cranston at $20.00/SF/Yr. The lowest median asking rents are in Woonsocket at $12.00/SF/Yr, West Warwick at $13.33/SF/Yr and Coventry at $14.75/SF/Yr. 7 of 14 ranked markets have median asking rents above the statewide $18.00/SF/Yr.
Rhode Island vs. Neighboring States
The median asking rent is $18.00/SF/Yr, compared with $21.62/SF/Yr in Massachusetts and $18.00/SF/Yr in Connecticut next door. The statewide median asking price is above the U.S. median of $178/SF.
| State | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr | For-Sale Listings | For-Lease Listings |
|---|---|---|---|---|
| Rhode Island | $217 | $18.00 | 1,710 | 647 |
| Connecticut | $177 | $18.00 | 3,024 | 3,566 |
| Massachusetts | $274 | $21.62 | 6,422 | 6,381 |
| United States | $178 | $18.28 | 265,785 | 185,367 |
A dash means fewer than 10 listings with a usable price.
Commercial Real Estate Markets in Rhode Island
Realmo tracks 37 city markets in Rhode Island, listed below by active listings. Providence leads with 557 active listings, followed by Warwick and Pawtucket.
| City | Active Listings | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|---|
| Providence | 557 | $241 | $19.50 |
| Warwick | 207 | $175 | $20.65 |
| Pawtucket | 194 | $182 | $18.46 |
| Woonsocket | 184 | $135 | $12.00 |
| Cranston | 136 | $215 | $20.00 |
| West Warwick | 86 | $210 | $13.33 |
| East Providence | 83 | $191 | — |
| North Providence | 81 | $238 | $18.00 |
| Westerly | 62 | $170 | $18.00 |
| North Kingstown | 58 | $168 | $16.75 |
| Coventry | 54 | $189 | $14.75 |
| Central Falls | 52 | $226 | — |
| Johnston | 52 | $185 | $25.00 |
| Middletown | 50 | $350 | — |
| Smithfield | 47 | $280 | $19.00 |
| Newport | 45 | $538 | — |
| Cumberland | 41 | $204 | — |
| Lincoln | 39 | $209 | — |
| Warren | 38 | $231 | — |
| East Greenwich | 34 | $239 | $19.50 |
| North Smithfield | 33 | $124 | — |
| West Greenwich | 29 | — | $17.00 |
| Bristol | 28 | $227 | — |
| Burrillville | 24 | $185 | — |
| Narragansett | 20 | $366 | — |
| Tiverton | 20 | — | — |
| Portsmouth | 16 | $290 | — |
| Exeter | 14 | — | — |
| South Kingstown | 12 | — | — |
| Barrington | 11 | — | — |
| Charlestown | 8 | — | — |
| Jamestown | 8 | — | — |
| Scituate | 8 | — | — |
| Hopkinton | 7 | — | — |
| Richmond | 7 | — | — |
| Foster | 5 | — | — |
| Glocester | 4 | — | — |
Same method as the statewide figures. A dash means fewer than 10 listings with a usable price.
Frequently Asked Questions
What is the median price per square foot for commercial property in Rhode Island?
How much does it cost to lease commercial space in Rhode Island?
Which cities have the highest and lowest commercial property prices?
Which markets in Rhode Island have the most active listings?
Where does Realmo's market data come from?
Methodology and Data Sources
- Listing coverage
- Asking figures come from 1,710 active for-sale and 647 active for-lease listings across Rhode Island in Realmo's public listing index. They are asking prices, not closed-transaction prices. Sale and lease counts are separate and may overlap. Land listings are not counted. The medians are based on the 1,194 for-sale and 357 for-lease listings that state a price or rent per square foot.
- Asking prices and rents
- Prices are medians of each listing's asking price per square foot, so a few very high or very low listings do not skew them. Data-entry errors are left out, and a median is published only with at least 10 listings with a usable price. A listing with a price range can contribute both endpoints.
- Neighboring states
- Neighboring-state comparisons use the same method and the same snapshot for every state, plus the United States as a reference.
- City markets
- The city list includes cities with more than 3 active listings whose market page has enough data to publish, ordered by active listings, up to 40. The price ranking covers cities with at least 10 priced listings for each metric and leaves out a city more than three times above or below the statewide median. City counts and prices use the same method as the statewide figures, so the table compares like with like; a city's own market page uses its own method, so its figures can differ.
- Updates
- Statewide and neighboring-state figures refresh hourly and city figures daily. Last updated 6 November 2026.
