Warwick, RI
Commercial Real Estate Market Trends & Data

$230 Avg asking sale price
$607 Avg asking lease rate
23,224 SF Avg unit lease size
14,042 SF Avg building size for sale
7.69% Average cap rate

Warwick's Demographic Profile

Warwick has 36,806 households and a median income of $72,520, 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 83,332
# Households 36,806
Median age 45
Median household income $72,520
Avg household size 2.0
Renter-occupied housing units 10,753
5-year population change +1%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Warwick $148 17,285 SF 9.44%
West Warwick $100 8,255 SF 9.44%
East Greenwich $163 5,028 SF 9.44%
Cranston $161 26,217 SF 6.89%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Warwick $202 11,304 SF 8.00%
Cranston $128 25,943 SF 6.89%
Nearby Retail Markets Avg Cost/SF Typical Size
Warwick $253 12,283 SF
West Warwick $237 10,970 SF
East Greenwich $447 2,756 SF
Cranston $303 14,315 SF
Barrington $19 5,511 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Cranston $186 20,778 SF 10.10%
East Providence $389 4,539 SF 8.23%
Providence $291 27,888 SF 10.10%
Johnston $241 71,346 SF 8.25%
North Providence $173 19,123 SF 8.25%

Commercial Properties For Sale in Warwick

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

58/60 Kent Ave Warwick, RI

Warwick, RI 02886

  • 4,250 SF Industrial Building
  • $745,000
For Sale

22 Minnesota Ave

Warwick, RI 02888

  • 3,200 SF Flex Building
  • $500,000
For Sale

955 W Shore Rd

Warwick, RI 02889

  • 11,663 SF Retail Building
  • $1,495,000
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

415 Palmer Ave

Warwick, RI 02889

  • 5,045 SF Retail Building
  • $849,000

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

Commercial Markets Avg Cost/SF Average Size
Warwick $230 14,042 SF
West Warwick $211 9,757 SF
East Greenwich $303 3,544 SF
Cranston $216 20,221 SF
Barrington $159 6,469 SF

Regional Demographic Comparison

This comparison places Warwick 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 Warwick or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
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%
East Greenwich 15,132 5,537 43 $138,737 3 1,101 2%

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

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

Warwick 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 Warwick?

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

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

How does Warwick compare to nearby commercial real estate markets?

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

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