Commercial Real Estate Market in Middletown, RI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
51 active listings and 487 off-market properties in Middletown, RI. Commercial property asks $304/SF to buy and $32.18/SF/Yr to lease.
Market Trends
Middletown, RI spans 12.5 square miles in Newport County, Rhode Island. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Middletown, 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 Middletown, 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 Middletown, 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 Middletown, RI asks $413/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 60.5%
- Civic 27.1%
- Industrial 6.3%
- Mixed use 6.1%
Largest Zones share of zoned land by district
Low Density Residential
Open Space
Medium Density Residential
Low Density Residential
High Density Residential
Low Density Residential (R-40)
Low Density Residential (R-40). This district is established to provide residential areas which are suited for large lot single-family development, agricultural and certain other uses. (C)
Market overview
Demographics & Economy
Middletown, RI has 17,115 residents in 8,255 households. Density runs 1,365 people per square mile. Median household income here is $97,650 and median gross rent $1,906 a month.
17,115
Population
8,255
Households
2.1
Avg Household Size
43
Median Age
49%
College-Educated
96%
High-School Grad
12.5 sq mi
ZIP Area
1,365
Density / Sq Mi
$97,650
Median Household Income
$47,307
Median Earnings
$1,906
Median Rent
$536,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Newport | — | — |
| Jamestown | — | — |
| Narragansett | — | $15.65 |
Commercial property in Middletown, RI asks $304/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Middletown?
Commercial property in Middletown, RI asks an average of $304 per square foot. The 5 most recent recorded sales traded at a median of $115/SF, so asking sits 165% above the achieved median. Multifamily carries the highest asking price at $413/SF.
How much does it cost to lease commercial space in Middletown?
Asking lease rates in Middletown, RI average $32.18 per square foot per year.
Where does Realmo's Middletown market data come from?
Realmo compiles Middletown, RI figures from 6 recent recorded sales, 38 active sale listings, 13 active lease listings, 487 tracked off-market properties, the current Middletown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 38 active for-sale and 13 active for-lease listings in Middletown, 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: 8,394 zoned acres across 26 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, industrial vacancy is reported at Northeast region level and asking prices run materially above recent closed pricing.
- 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
