Commercial Real Estate Market in South Kingstown, RI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
26 active listings and 530 off-market properties in South Kingstown, RI. Commercial property asks $1,217/SF to buy and $20.32/SF/Yr to lease.
Market Trends
South Kingstown, RI spans 39.5 square miles in Washington County, Rhode Island. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in South Kingstown, 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 South Kingstown, 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 South Kingstown, 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 vacancy in South Kingstown, RI runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
South Kingstown, RI has 20,982 residents in 11,959 households. Density runs 531 people per square mile. Median household income here is $115,848 and median gross rent $1,281 a month.
20,982
Population
11,959
Households
1.8
Avg Household Size
51
Median Age
59%
College-Educated
95%
High-School Grad
39.5 sq mi
ZIP Area
531
Density / Sq Mi
$115,848
Median Household Income
$56,125
Median Earnings
$1,281
Median Rent
$515,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Narragansett | — | $15.65 |
| North Kingstown | — | $15.87 |
| Jamestown | — | — |
| Charlestown | — | $15.75 |
Commercial property in South Kingstown, RI asks $1,217/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in South Kingstown?
Commercial property in South Kingstown, RI asks an average of $1,217 per square foot. The 5 most recent recorded sales traded at a median of $294/SF, so asking sits 314% above the achieved median.
How much does it cost to lease commercial space in South Kingstown?
Asking lease rates in South Kingstown, RI average $20.32 per square foot per year.
Where does Realmo's South Kingstown market data come from?
Realmo compiles South Kingstown, RI figures from 6 recent recorded sales, 21 active sale listings, 5 active lease listings, 530 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 5 active for-lease listings in South Kingstown, 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.
- 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
