Commercial Real Estate Market in Lincoln, RI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
52 active listings and 399 off-market properties in Lincoln, RI. Commercial property asks $194/SF to buy and $20.47/SF/Yr to lease.
Market Trends
Lincoln, RI spans 16.5 square miles in Providence County, Rhode Island. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lincoln, 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 Lincoln, 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 Lincoln, 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 Lincoln, 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
- Residential 81.8%
- Industrial 10.6%
- Commercial 6.3%
- Mixed use 0.2%
Largest Zones share of zoned land by district
Residential Agricultural
Residential Single Family
Residential Single Family
Manufacturing Limited
Residential Agricultural
Lincoln, RI zones 10,573 acres across 14 districts. Commercial zoning covers 6.3% of zoned land, residential 81.8% and industrial 10.6%. The largest single district is Residential Agricultural at 40.9%. For commercial buyers the practical constraint is that only 16.9% of land carries a commercial or industrial designation.
Residential Agricultural (RA-20)
The intent of this zone is to single family and agricultural services
Market overview
Demographics & Economy
Lincoln, RI has 17,902 residents in 7,079 households. Density runs 1,087 people per square mile. Median household income here is $117,042 and median gross rent $1,206 a month.
17,902
Population
7,079
Households
2.5
Avg Household Size
45
Median Age
48%
College-Educated
92%
High-School Grad
16.5 sq mi
ZIP Area
1,087
Density / Sq Mi
$117,042
Median Household Income
$59,949
Median Earnings
$1,206
Median Rent
$427,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cumberland | $194 (county avg) | $16.50 |
| Woonsocket | $194 (county avg) | $13.52 |
| North Smithfield | $194 (county avg) | $17.73 |
| Central Falls | $194 (county avg) | — |
Commercial property in Lincoln, RI asks $194/SF. The 4 bordering markets run from $194/SF in Cumberland to $194/SF in Cumberland, 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 Lincoln?
Commercial property in Lincoln, RI asks an average of $194 per square foot. The 7 most recent recorded sales traded at a median of $173/SF, so asking sits 12% above the achieved median. Multifamily carries the highest asking price at $203/SF.
How much does it cost to lease commercial space in Lincoln?
Asking lease rates in Lincoln, RI average $20.47 per square foot per year.
How does Lincoln compare to nearby markets on price?
Lincoln, RI asks $194/SF against $194/SF in Cumberland, $194/SF in Woonsocket, $194/SF in North Smithfield and $194/SF in Central Falls.
What zoning applies to commercial property in Lincoln?
Lincoln, RI zones 10,573 acres across 14 districts, of which 6.3% is commercial and 10.6% industrial. The largest single district is Residential Agricultural at 40.9% of zoned land. Residential zoning covers 81.8% and open space 0%.
Where does Realmo's Lincoln market data come from?
Realmo compiles Lincoln, RI figures from 7 recent recorded sales, 36 active sale listings, 16 active lease listings, 399 tracked off-market properties, the current Lincoln zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 36 active for-sale and 16 active for-lease listings in Lincoln, 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: 10,573 zoned acres across 14 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
