Commercial Real Estate Market in Westerly, RI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
84 active listings and 756 off-market properties in Westerly, RI. Commercial property asks $99/SF to buy and $38.99/SF/Yr to lease.
Market Trends
Westerly, RI spans 26.3 square miles in Washington County, Rhode Island. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Westerly, 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 Westerly, 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 Westerly, 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 Westerly, RI runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 59.2%
- Commercial 11.6%
- Industrial 8.4%
- Mixed use 0.3%
Largest Zones share of zoned land by district
Rural Residential
Office Research Assembly And Technology
Medium Density Residential
Medium Density Residential
High Density Residential
Westerly, RI zones 18,895 acres across 23 districts. Commercial zoning covers 11.6% of zoned land, residential 59.2% and industrial 8.4%. The largest single district is Rural Residential at 21.3%. For commercial buyers the practical constraint is that only 19.9% of land carries a commercial or industrial designation.
Rural Residential (RR-60)
Code Use RR60 LDR43 LDR40 MDR30 MDR20 HDR15 HDR10 HDR6 P15 DC1 DC2 NB HC GC SC-WH SC-G MC GI LI ORA T OSR CR APZ WPZ Comments 2.11 Personal services not herein specified N N N N N N N N S S S S S S S S N S S N N N Q Q Automotive Services 3.1 Commercial off- street parking N N N N N N N N N P S N P P S S N S S *P N N N N *Development plan review required 3.2…
Market overview
Demographics & Economy
Westerly, RI has 21,803 residents in 12,660 households. Density runs 830 people per square mile. Median household income here is $90,435 and median gross rent $1,249 a month.
21,803
Population
12,660
Households
1.7
Avg Household Size
50
Median Age
41%
College-Educated
94%
High-School Grad
26.3 sq mi
ZIP Area
830
Density / Sq Mi
$90,435
Median Household Income
$49,448
Median Earnings
$1,249
Median Rent
$422,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Stonington | — | $38.64 |
| North Stonington | — | — |
| Mystic | — | — |
Commercial property in Westerly, RI asks $99/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Westerly?
Commercial property in Westerly, RI asks an average of $99 per square foot. The 3 most recent recorded sales traded at a median of $161/SF.
How much does it cost to lease commercial space in Westerly?
Asking lease rates in Westerly, RI average $38.99 per square foot per year.
What zoning applies to commercial property in Westerly?
Westerly, RI zones 18,895 acres across 23 districts, of which 11.6% is commercial and 8.4% industrial. The largest single district is Rural Residential at 21.3% of zoned land. Code Use RR60 LDR43 LDR40 MDR30 MDR20 HDR15 HDR10 HDR6 P15 DC1 DC2 NB HC GC SC-WH SC-G MC GI LI ORA T OSR CR APZ WPZ Comments 2.11 Personal services not herein specified N N N N N N N N S S S S S S S S N S S N N N Q Q Automotive Services 3.1 Commercial off- street parking N N N N N N N N N P S N P P S S N S S *P N N N N *Development plan review required 3.2… Residential zoning covers 59.2% and open space 0%.
Where does Realmo's Westerly market data come from?
Realmo compiles Westerly, RI figures from 3 recent recorded sales, 51 active sale listings, 33 active lease listings, 756 tracked off-market properties, the current Westerly zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 51 active for-sale and 33 active for-lease listings in Westerly, 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: 18,895 zoned acres across 23 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
