Cranston, RI
Commercial Real Estate Market Trends & Data

$216 Avg asking sale price
$507 Avg asking lease rate
14,284 SF Avg unit lease size
20,221 SF Avg building size for sale
7.90% Average cap rate

Cranston's Demographic Profile

Cranston has 32,400 households and a median income of $82,102, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 82,482
# Households 32,400
Median age 42
Median household income $82,102
Avg household size 2.0
Renter-occupied housing units 11,046
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Cranston, RI

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Cranston $161 26,217 SF 6.89%
Providence $188 22,044 SF 10.32%
Warwick $148 17,285 SF 9.44%
West Warwick $100 8,255 SF 9.44%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Cranston $128 25,943 SF 6.89%
Providence $134 33,604 SF 9.88%
Johnston $125 37,832 SF 4.51%
Warwick $202 11,304 SF 8.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Cranston $303 14,315 SF
Providence $313 14,021 SF
Johnston $328 7,660 SF
Warwick $253 12,283 SF
West Warwick $237 10,970 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Cranston $186 20,778 SF 10.10%
Providence $291 27,888 SF 10.10%
Johnston $241 71,346 SF 8.25%
East Providence $389 4,539 SF 8.23%
North Providence $173 19,123 SF 8.25%

Commercial Properties For Sale in Cranston

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

623 Post Road

Warwick, RI 02888

  • 3,528 SF Office Building
  • $749,900
For Sale

873 Warwick Ave

Warwick, RI 02888

  • 4,840 SF Office Building
  • $635,000
For Sale

145 Carolina Ave

Providence, RI 02905

  • 15,400 SF Industrial Building
  • $1,200,000
For Sale

665 Plainfield St

Providence, RI 02909

  • 0.17 AC Lot
  • 1 Commercial Lot
  • $649,900
For Sale

1452 Plainfield Pike

Cranston, RI 02920

  • 3,651 SF Specialty
  • $649,900
For Sale

Phenix Plaza

Cranston, RI 02920

  • 9,235 SF Retail Building
  • 7.70% Cap Rate
  • $330,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Cranston pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Cranston $216 20,221 SF
Providence $221 25,822 SF
Johnston $216 34,220 SF
Warwick $230 14,042 SF
West Warwick $211 9,757 SF

Regional Demographic Comparison

This comparison places Cranston alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Cranston or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Providence 181,279 67,912 34 $58,801 2 45,443 -1%
Johnston 31,053 12,518 45 $78,385 2 3,885 1%
Warwick 83,332 36,806 45 $72,520 2 10,753 1%
West Warwick 31,227 13,692 41 $59,454 2 6,382 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Cranston, RI and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Cranston

View All Commercial Real Estate For Sale in Cranston
Is Cranston a good market for a first-time commercial real estate investor?

Cranston offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Cranston?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Cranston. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Cranston?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Cranston. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Cranston compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Cranston. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Cranston acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Cranston, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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