Commercial Real Estate Market in Newport, RI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
45 active listings and 867 off-market properties in Newport, RI. Commercial property asks $571/SF to buy and $27.15/SF/Yr to lease.
Market Trends
Newport, RI spans 7.6 square miles in Newport County, Rhode Island. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Newport, 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 Newport, 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 Newport, 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 Newport, 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 72.2%
- Open space 11.4%
- Industrial 6.7%
- Commercial 5.1%
Largest Zones share of zoned land by district
Residential
Residential
Residential
Recreation
Residential
Newport, RI zones 5,082 acres across 19 districts. Commercial zoning covers 5.1% of zoned land, residential 72.2%, open space 11.4% and industrial 6.7%. The largest single district is Residential at 22.7%. For commercial buyers the practical constraint is that only 11.8% of land carries a commercial or industrial designation.
Residential (R-10)
The purpose of the R-10A residential district is the same as that for the R-10 residential district, except that two-family dwellings of new construction and multifamily dwellings are not permitted. This area is primarily characterized by single-family residential development. The intent is to maintain this land use pattern. (Ord. 2000-4 (part), 2000: Ord. 6…
Market overview
Demographics & Economy
Newport, RI has 25,122 residents in 13,527 households. Density runs 3,296 people per square mile. Median household income here is $83,515 and median gross rent $1,610 a month.
25,122
Population
13,527
Households
1.9
Avg Household Size
38
Median Age
56%
College-Educated
96%
High-School Grad
7.6 sq mi
ZIP Area
3,296
Density / Sq Mi
$83,515
Median Household Income
$40,719
Median Earnings
$1,610
Median Rent
$669,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Middletown | — | — |
| Jamestown | — | — |
| Narragansett | — | $15.65 |
Commercial property in Newport, RI asks $571/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Newport?
Commercial property in Newport, RI asks an average of $571 per square foot. The 5 most recent recorded sales traded at a median of $426/SF, so asking sits 34% above the achieved median. Multifamily carries the highest asking price at $413/SF.
How much does it cost to lease commercial space in Newport?
Asking lease rates in Newport, RI average $27.15 per square foot per year.
What zoning applies to commercial property in Newport?
Newport, RI zones 5,082 acres across 19 districts, of which 5.1% is commercial and 6.7% industrial. The largest single district is Residential at 22.7% of zoned land. The purpose of the R-10A residential district is the same as that for the R-10 residential district, except that two-family dwellings of new construction and multifamily dwellings are not permitted. This area is primarily characterized by single-family residential development. The intent is to maintain this land use pattern. (Ord. 2000-4 (part), 2000: Ord. 6… Residential zoning covers 72.2% and open space 11.4%.
Where does Realmo's Newport market data come from?
Realmo compiles Newport, RI figures from 5 recent recorded sales, 41 active sale listings, 4 active lease listings, 867 tracked off-market properties, the current Newport zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 41 active for-sale and 4 active for-lease listings in Newport, 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: 5,082 zoned acres across 19 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
