Commercial Real Estate Market in Woonsocket, RI
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
167 active listings and 792 off-market properties in Woonsocket, RI. Commercial property asks $194/SF to buy and $13.52/SF/Yr to lease.
Market Trends
Woonsocket, RI spans 7.8 square miles in Providence County, Rhode Island. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Woonsocket, 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 Woonsocket, 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 Woonsocket, 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 Woonsocket, 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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 66.4%
- Industrial 11.2%
- Open space 11%
- Mixed use 6.1%
- Commercial 5.4%
Largest Zones share of zoned land by district
Low Density Single Family Residential
High Density Single And Multi Family Residential
Medium Density Single And Two Family Residential
Light Industrial
Active Public Recreation
Woonsocket, RI zones 4,972 acres across 12 districts. Commercial zoning covers 5.4% of zoned land, residential 66.4%, open space 11% and industrial 11.2%. The largest single district is Low Density Single Family Residential at 26.7%. For commercial buyers the practical constraint is that only 16.6% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Woonsocket, RI has 43,269 residents in 19,443 households. Density runs 5,573 people per square mile. Median household income here is $58,579 and median gross rent $1,116 a month.
43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,573
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
Median Home Value
Tools
Lease vs Buy Breakeven
At $13.52/SF/Yr lease vs $194/SF buy → buying wins if held > 3.2 years.
The comparison uses county-wide sale comps against Woonsocket asking rents, so the implied 7% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| North Smithfield | $194 (county avg) | $17.73 |
| Lincoln | $194 (county avg) | $20.47 |
| Cumberland | $194 (county avg) | $16.50 |
| Burrillville | $194 (county avg) | $15.67 |
Commercial property in Woonsocket, RI asks $194/SF. The 4 bordering markets run from $194/SF in North Smithfield to $194/SF in North Smithfield, 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 Woonsocket?
Commercial property in Woonsocket, RI asks an average of $194 per square foot. Multifamily carries the highest asking price at $203/SF.
How much does it cost to lease commercial space in Woonsocket?
Asking lease rates in Woonsocket, RI average $13.52 per square foot per year.
Is it cheaper to lease or buy commercial space in Woonsocket?
Buying beats leasing in Woonsocket, RI if the property is held longer than 3.2 years, comparing $13.52/SF/Yr asking rent with $194/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Woonsocket compare to nearby markets on price?
Woonsocket, RI asks $194/SF against $194/SF in North Smithfield, $194/SF in Lincoln, $194/SF in Cumberland and $194/SF in Burrillville.
What zoning applies to commercial property in Woonsocket?
Woonsocket, RI zones 4,972 acres across 12 districts, of which 5.4% is commercial and 11.2% industrial. The largest single district is Low Density Single Family Residential at 26.7% of zoned land. Residential zoning covers 66.4% and open space 11%.
Where does Realmo's Woonsocket market data come from?
Realmo compiles Woonsocket, RI figures from 6 recent recorded sales, 147 active sale listings, 20 active lease listings, 792 tracked off-market properties, the current Woonsocket zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 147 active for-sale and 20 active for-lease listings in Woonsocket, 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.
- Zoning and land use
- The current municipal zoning release: 4,972 zoned acres across 12 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 31 August 2026 — not today — is the honest last update.
- Known limitations
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, 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 31 August 2026 · report a data issue
