North Providence, RI
Commercial Real Estate Market Trends & Data

$176 Avg asking sale price
$18 Avg asking lease rate
42,995 SF Avg unit lease size
9,358 SF Avg building size for sale
6.80% Average cap rate

North Providence's Demographic Profile

North Providence has 15,425 households and a median income of $71,912, 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 34,549
# Households 15,425
Median age 44
Median household income $71,912
Avg household size 2.0
Renter-occupied housing units 6,371
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near North Providence, RI

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Providence $188 22,044 SF 10.32%
Pawtucket $131 48,758 SF 9.88%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
North Providence $102 5,837 SF 4.51%
Providence $134 33,604 SF 9.88%
Johnston $125 37,832 SF 4.51%
Pawtucket $74 40,448 SF 9.88%
Nearby Retail Markets Avg Cost/SF Typical Size
North Providence $254 6,836 SF
Providence $313 14,021 SF
Johnston $328 7,660 SF
Central Falls $226 4,307 SF
Pawtucket $273 27,381 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
North Providence $173 19,123 SF 8.25%
Providence $291 27,888 SF 10.10%
Johnston $241 71,346 SF 8.25%
Pawtucket $181 29,841 SF 8.23%
Smithfield $246 17,615 SF 8.25%

Commercial Properties For Sale in North Providence

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

620 Killingly St

Johnston, RI 02919

  • 3,377 SF Retail Building
  • $899,900
For Sale

Providence Office & Warehouse Buildings

Providence, RI

  • $625,000
For Sale

1058 Charles St

North Providence, RI 02904

  • 7,593 SF Retail Building
  • $1,600,000
For Sale

162 Vincent ave

North Providence, RI 02904

  • 0.11 AC Lot
  • 1 Commercial Lot
  • $449,000
For Sale

175-181 Putnam Pike

Johnston, RI 02919

  • 37,992 SF Industrial Building
  • 4.51% Cap Rate
  • $3,625,000
For Sale

Admiral Apartments

Providence, RI 02908

  • 15,272 SF Multifamily
  • 7.65% Cap Rate
  • $3,750,000

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 North Providence pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
North Providence $176 9,358 SF
Providence $221 25,822 SF
Johnston $216 34,220 SF
Central Falls $167 61,493 SF
Pawtucket $167 38,570 SF

Regional Demographic Comparison

This comparison places North Providence 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 North Providence 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%
Central Falls 19,754 6,686 34 $43,227 3 5,359 -4%
Pawtucket 73,727 30,632 39 $60,389 2 17,522 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in North Providence, 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 North Providence

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

North Providence 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 North Providence?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in North Providence. 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 North Providence?

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

How does North Providence compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to North Providence. 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 North Providence acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in North Providence, 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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