Commercial Real Estate Market in North Smithfield, RI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
31 active listings and 253 off-market properties in North Smithfield, RI. Commercial property asks $194/SF to buy and $17.73/SF/Yr to lease.
Market Trends
North Smithfield, RI spans 23.0 square miles in Providence County, Rhode Island. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in North Smithfield, 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 North Smithfield, 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 North Smithfield, 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 North Smithfield, 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
Market overview
Demographics & Economy
North Smithfield, RI has 11,154 residents in 4,759 households. Density runs 484 people per square mile. Median household income here is $109,436 and median gross rent $1,282 a month.
11,154
Population
4,759
Households
2.3
Avg Household Size
48
Median Age
34%
College-Educated
94%
High-School Grad
23 sq mi
ZIP Area
484
Density / Sq Mi
$109,436
Median Household Income
$57,420
Median Earnings
$1,282
Median Rent
$423,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Woonsocket | $194 (county avg) | $13.52 |
| Burrillville | $194 (county avg) | $15.67 |
| Lincoln | $194 (county avg) | $20.47 |
| Cumberland | $194 (county avg) | $16.50 |
Commercial property in North Smithfield, RI asks $194/SF. The 4 bordering markets run from $194/SF in Woonsocket to $194/SF in Woonsocket, 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 North Smithfield?
Commercial property in North Smithfield, RI asks an average of $194 per square foot. The 5 most recent recorded sales traded at a median of $69/SF, so asking sits 183% above the achieved median. Multifamily carries the highest asking price at $203/SF.
How much does it cost to lease commercial space in North Smithfield?
Asking lease rates in North Smithfield, RI average $17.73 per square foot per year.
How does North Smithfield compare to nearby markets on price?
North Smithfield, RI asks $194/SF against $194/SF in Woonsocket, $194/SF in Burrillville, $194/SF in Lincoln and $194/SF in Cumberland.
Where does Realmo's North Smithfield market data come from?
Realmo compiles North Smithfield, RI figures from 8 recent recorded sales, 24 active sale listings, 7 active lease listings, 253 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 24 active for-sale and 7 active for-lease listings in North Smithfield, 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.
- 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, 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 31 August 2026 · report a data issue
