Commercial Real Estate Market in Foster, RI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
9 active listings and 83 off-market properties in Foster, RI.
Market Trends
Foster, RI spans 55.0 square miles in Providence County, Rhode Island. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Foster, RI asks $163/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 Foster, RI asks $177/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 Foster, 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 Foster, RI asks $203/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 97.3%
- Planned_development 2.2%
- Commercial 0.4%
Largest Zones share of zoned land by district
Agricultural Residential District
Highway Commercial District
General Business District
Municipal District
Foster, RI zones 32,386 acres across 4 districts. Commercial zoning covers 0.4% of zoned land, industrial 97.3%. The largest single district is Agricultural Residential District at 97.3%. For commercial buyers the practical constraint is that only 97.7% of land carries a commercial or industrial designation.
Agricultural Residential District (AR)
The AR agricultural or residential district is characterized by a mixture of low density residential and farming uses with certain light industrial uses requiring special use permits.
Market overview
Demographics & Economy
Foster, RI has 5,265 residents in 2,027 households. Density runs 96 people per square mile. Median household income here is $110,177 and median gross rent $1,525 a month.
5,265
Population
2,027
Households
2.6
Avg Household Size
47
Median Age
34%
College-Educated
94%
High-School Grad
55 sq mi
ZIP Area
96
Density / Sq Mi
$110,177
Median Household Income
$51,550
Median Earnings
$1,525
Median Rent
$398,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pascoag | $194 (county avg) | — |
| Glocester | $194 (county avg) | — |
| Smithfield | $194 (county avg) | $17.42 |
Commercial property in Foster, RI asks $194/SF. The 3 bordering markets run from $194/SF in Pascoag to $194/SF in Pascoag, and the city sits in line with their $194/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Foster?
Commercial property in Foster, RI asks an average of $194 per square foot. The 3 most recent recorded sales traded at a median of $101/SF, so asking sits 92% above the achieved median. Multifamily carries the highest asking price at $203/SF.
How does Foster compare to nearby markets on price?
Foster, RI asks $194/SF against $194/SF in Pascoag, $194/SF in Glocester and $194/SF in Smithfield.
What zoning applies to commercial property in Foster?
Foster, RI zones 32,386 acres across 4 districts, of which 0.4% is commercial and 97.3% industrial. The largest single district is Agricultural Residential District at 97.3% of zoned land. The AR agricultural or residential district is characterized by a mixture of low density residential and farming uses with certain light industrial uses requiring special use permits. Residential zoning covers 0% and open space 0%.
Where does Realmo's Foster market data come from?
Realmo compiles Foster, RI figures from 4 recent recorded sales, 9 active sale listings, 83 tracked off-market properties, the current Foster zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 0 active for-lease listings in Foster, 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.
- Zoning and land use
- The current municipal zoning release: 32,386 zoned acres across 4 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 31 August 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 31 August 2026 · report a data issue
