Commercial Real Estate Market in Albion, RI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
47 active listings and 399 off-market properties in Albion, RI. Commercial property asks $196/SF to buy and $21.25/SF/Yr to lease.
Market Trends
Albion, RI spans 0.2 square miles in Providence County, Rhode Island. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Albion, RI asks $189/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Albion, RI asks $180/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Albion, RI runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Albion, RI asks $207/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Albion, RI has 814 residents in 384 households. Density runs 4,209 people per square mile. Median household income here is $125,522.
814
Population
384
Households
2.1
Avg Household Size
52
Median Age
52%
College-Educated
100%
High-School Grad
0.2 sq mi
ZIP Area
4,209
Density / Sq Mi
$125,522
Median Household Income
$67,308
Median Earnings
$0
Median Rent
$271,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lincoln | $196 (county avg) | $21.25 |
| Cumberland | $196 (county avg) | $16.86 |
| Woonsocket | $196 (county avg) | $12.07 |
| Central Falls | $196 (county avg) | — |
Commercial property in Albion, RI asks $196/SF. The 4 bordering markets run from $196/SF in Lincoln to $196/SF in Lincoln, and the city sits in line with their $196/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Albion?
Commercial property in Albion, RI asks an average of $196 per square foot. The 7 most recent recorded sales traded at a median of $173/SF, so asking sits 14% above the achieved median. Multifamily carries the highest asking price at $207/SF.
How much does it cost to lease commercial space in Albion?
Asking lease rates in Albion, RI average $21.25 per square foot per year.
How does Albion compare to nearby markets on price?
Albion, RI asks $196/SF against $196/SF in Lincoln, $196/SF in Cumberland, $196/SF in Woonsocket and $196/SF in Central Falls.
Where does Realmo's Albion market data come from?
Realmo compiles Albion, RI figures from 7 recent recorded sales, 30 active sale listings, 17 active lease listings, 399 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 30 active for-sale and 17 active for-lease listings in Albion, RI. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
