Rhode Island Industrial

530 Wellington Ave - Unit 6 (Floor 2) Cranston, RI fixed lease
Sep 05
5,000
sqft
Industrial Mixed Use

Rhode Island

Market Report

Number of Listings
Posted in the last 90 days
314
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,700

Rhode Island Rates

The typical asking rate per listing is in the $20's per square foot per year. The Rhode Island submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 27% decline in rent.

Rhode Island Listing Supply

In the last 90 days, 1192 listings have been made available, so you'll want to check back regularly for new listings. About 23% of the listings in the Rhode Island are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,700 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1953 and are Class B.

Rhode Island Community

Market Data

Real time and historical data on commercial real estate listings in Rhode Island.
Research