Commercial Real Estate Market in Charlestown, RI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
24 active listings and 193 off-market properties in Charlestown, RI. Commercial property asks $149/SF to buy and $15.75/SF/Yr to lease.
Market Trends
Charlestown, RI spans 36.7 square miles in Washington County, Rhode Island. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Charlestown, RI runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Charlestown, RI runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Charlestown, 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 vacancy in Charlestown, RI runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 60.8%
- Agricultural 20.6%
- Planned_development 5%
- Commercial 2.3%
- Industrial 0.2%
Largest Zones share of zoned land by district
Residence
Open Space And Recreation
Residence
Narragansett Indian Tribe Settlement Lands
Residence
Residence (R3A)
Residence: R-3A. This zoning district is intended primarily for areas of low density residential development. It is intended to protect areas of Town with sensitive environmental characteristics. The groundwater recharge areas for several groundwater aquifers and the salt ponds are included within this category. This district is intended to be consistent wit…
Market overview
Demographics & Economy
Charlestown, RI has 8,021 residents in 5,334 households. Density runs 219 people per square mile. Median household income here is $103,147 and median gross rent $1,499 a month.
8,021
Population
5,334
Households
1.5
Avg Household Size
53
Median Age
42%
College-Educated
94%
High-School Grad
36.7 sq mi
ZIP Area
219
Density / Sq Mi
$103,147
Median Household Income
$53,783
Median Earnings
$1,499
Median Rent
$467,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hopkinton | — | — |
| Richmond | — | — |
| Narragansett | — | $15.65 |
| South Kingstown | — | $20.32 |
Commercial property in Charlestown, RI asks $149/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Charlestown?
Commercial property in Charlestown, RI asks an average of $149 per square foot.
How much does it cost to lease commercial space in Charlestown?
Asking lease rates in Charlestown, RI average $15.75 per square foot per year.
Where does Realmo's Charlestown market data come from?
Realmo compiles Charlestown, RI figures from 2 recent recorded sales, 18 active sale listings, 6 active lease listings, 193 tracked off-market properties, the current Charlestown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 18 active for-sale and 6 active for-lease listings in Charlestown, 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.
- 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.
- Zoning and land use
- The current municipal zoning release: 22,416 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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 · report a data issue
