For Sale
West Warwick, RI
Commercial Real Estate Market Trends & Data
$188
Avg asking sale price
$15
Avg asking lease rate
42,474 SF
Avg unit lease size
10,267 SF
Avg building size for sale
7.96%
Average cap rate
West Warwick's Demographic Profile
West Warwick has 13,692 households and a median income of $59,454, 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 | 31,227 |
| # Households | 13,692 |
| Median age | 41 |
| Median household income | $59,454 |
| Avg household size | 2.0 |
| Renter-occupied housing units | 6,382 |
| 5-year population change | +1% |
{{marketTabHeadings[activeMarketTab]}} Market Metrics Near West Warwick, RI
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| West Warwick | $133 | 14,322 SF | 9.44% |
| East Greenwich | $183 | 8,062 SF | 9.44% |
| Warwick | $154 | 19,005 SF | 9.44% |
| Cranston | $156 | 21,718 SF | 6.89% |
| North Kingstown | $267 | 11,673 SF | 13.95% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| West Warwick | $195 | 20,225 SF | 8.07% |
| Warwick | $191 | 12,063 SF | 8.07% |
| Cranston | $116 | 22,954 SF | 8.07% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| West Warwick | $214 | 7,731 SF |
| East Greenwich | $447 | 2,756 SF |
| Warwick | $233 | 10,909 SF |
| Cranston | $274 | 11,707 SF |
| Coventry | $214 | 5,245 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Cranston | $191 | 21,501 SF | 10.10% |
| Johnston | $235 | 69,989 SF | 8.25% |
| Providence | $298 | 29,193 SF | 10.10% |
| East Providence | $432 | 3,773 SF | 6.55% |
| North Providence | $187 | 12,444 SF | 8.25% |
Commercial Properties For Sale in West Warwick
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 West Warwick pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| West Warwick | $188 | 10,267 SF |
| East Greenwich | $266 | 5,503 SF |
| Warwick | $206 | 14,387 SF |
| Cranston | $190 | 18,504 SF |
| Coventry | $261 | 10,732 SF |
Regional Demographic Comparison
This comparison places West 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 West Warwick or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| 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% |
| Warwick | 83,332 | 36,806 | 45 | $72,520 | 2 | 10,753 | 1% |
| Coventry | 36,117 | 14,418 | 45 | $86,468 | 2 | 3,019 | 1% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in West 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 West Warwick
View All Commercial Real Estate For Sale in West Warwick
Is West Warwick a good market for a first-time commercial real estate investor?
West 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 West Warwick?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in West 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 West Warwick?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for West Warwick. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does West Warwick compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to West 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 West Warwick acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in West 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.
Nearby Market Trends
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