For Sale
Cranston, RI
Commercial Real Estate Market Trends & Data
$191
Avg asking sale price
$19
Avg asking lease rate
9,256 SF
Avg unit lease size
18,182 SF
Avg building size for sale
8.02%
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{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Cranston | $156 | 21,718 SF | 6.89% |
| Providence | $192 | 21,227 SF | 10.83% |
| Johnston | $200 | 16,613 SF | 7.50% |
| Warwick | $154 | 19,005 SF | 9.44% |
| West Warwick | $133 | 14,322 SF | 9.44% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Cranston | $124 | 21,765 SF | 8.07% |
| Providence | $148 | 27,697 SF | 10.83% |
| Johnston | $133 | 33,429 SF | 7.50% |
| Warwick | $194 | 11,544 SF | 8.07% |
| West Warwick | $165 | 15,851 SF | 8.07% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Cranston | $274 | 11,707 SF |
| Providence | $315 | 13,657 SF |
| Johnston | $269 | 8,549 SF |
| Warwick | $233 | 10,909 SF |
| West Warwick | $214 | 7,731 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Cranston | $191 | 21,501 SF | 10.10% |
| Providence | $302 | 28,073 SF | 10.10% |
| Johnston | $235 | 69,989 SF | 8.25% |
| East Providence | $432 | 3,773 SF | 6.55% |
| North Providence | $187 | 12,444 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.
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $191 | 18,182 SF |
| Providence | $230 | 23,938 SF |
| Johnston | $209 | 31,404 SF |
| Warwick | $206 | 14,196 SF |
| West Warwick | $191 | 9,848 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.
Nearby Market Trends
- Providence Market Trends
- Warwick Market Trends
- Pawtucket Market Trends
- East Providence Market Trends
- Lincoln Market Trends
- Woonsocket Market Trends
- Attleboro Market Trends
- North Providence Market Trends
- Johnston Market Trends
- Smithfield Market Trends
- North Smithfield Market Trends
- Coventry Market Trends
- Cumberland Market Trends
- North Kingstown Market Trends
- West Warwick Market Trends
- Fall River Market Trends
- Killingly Market Trends
- East Greenwich Market Trends
- Seekonk Market Trends
- View more
- View less
