Providence, RI
Commercial Real Estate Market Trends & Data

$220 Avg asking sale price
$491 Avg asking lease rate
20,643 SF Avg unit lease size
26,113 SF Avg building size for sale
7.47% Average cap rate

Providence's Demographic Profile

Providence has 67,912 households and a median income of $58,801, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 181,279
# Households 67,912
Median age 34
Median household income $58,801
Avg household size 2.0
Renter-occupied housing units 45,443
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near 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%
East Providence $207 18,492 SF 9.88%
Cranston $161 26,217 SF 6.89%
Pawtucket $131 48,758 SF 9.88%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Providence $131 34,792 SF 9.88%
North Providence $102 5,837 SF 4.51%
East Providence $166 38,708 SF 9.88%
Cranston $128 25,943 SF 6.89%
Nearby Retail Markets Avg Cost/SF Typical Size
Providence $313 14,021 SF
North Providence $254 6,836 SF
East Providence $321 9,025 SF
Cranston $303 14,315 SF
Pawtucket $273 27,381 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Providence $290 27,468 SF 10.10%
North Providence $173 19,123 SF 8.25%
East Providence $389 4,539 SF 8.23%
Cranston $186 20,778 SF 10.10%
Pawtucket $181 29,841 SF 8.23%

Commercial Properties For Sale in Providence

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

65 America St

Providence, RI 02903

  • 5,948 SF Multifamily
  • 8.09% Cap Rate
  • $975,000
For Sale

0 Littlefield Street

Pawtucket, RI 02861

  • 0.57 AC Lot
  • 1 Commercial Lot
  • $799,900
For Sale

116 Calverley St

Providence, RI 02908

  • 808 SF Retail Building
  • $365,000
For Sale

620 Killingly St

Johnston, RI 02919

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

64-66 Pitman- 5 Units- Multifamily

Providence, RI 02906

  • 4,732 SF Multifamily
  • 5.89% Cap Rate
  • $2,195,000
For Sale

492-494 Warren Ave

East Providence, RI 02914

  • 2,052 SF Retail Building
  • $525,000

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

Commercial Markets Avg Cost/SF Average Size
Providence $220 26,113 SF
North Providence $176 9,358 SF
East Providence $247 20,691 SF
Rumford $60 50,152 SF
Cranston $216 20,221 SF

Multifamily Properties For Sale in Providence

For Sale

Coal Fire Pizza

Providence, RI 02903

  • 53,460 SF Multifamily
  • $1,800,000
For Sale

George Earle Building

Providence, RI 02903

  • 13,123 SF Multifamily
  • 6.47% Cap Rate
  • $6,350,000
For Sale

Federal Hill Portfolio

Providence, RI

  • Price Upon Request
For Sale

Excellent Vesting Opportunity - 5 Assets

Providence, RI

  • Price Upon Request

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

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

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 Providence?

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

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

How does Providence compare to nearby commercial real estate markets?

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

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