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Welcome to our Rhode Island commercial real estate page. Use this page to find Rhode Island commercial real estate listings and information absolutely free. We continually update our Rhode Island commercial property database, so please check back often. Enter a city above to get started or select a city below to seach manually.
BuildingSearch.com has a wide variety of Rhode Island commercial real estate listings ranging from office space and retail to industrial properties. Rhode Island is the smallest state by square miles in the United States. It was also the first state to declare independence from Britain and the last to ratify the United States Constitution. The state of Rhode Island has a population of 1,048,319 residents, which makes it the 43rd most populated state. Rhode Island is considered the birthplace of the Industrial Revolution because Samuel Slater, in 1793, built the first water powered cotton mill. Nowadays, much of Rhode Island’s economy has moved away from industrial manufacturing, but now mainly relies on the service industries including healthcare and education. The gross state product in 2000 was $33 billion, which made the per capita income $29,685, 16th in the nation. This has made the commercial real estate market especially in Providence prosper. During the 2007 year, the central business district expanded 3% in the number of square feet available for lease, which has caused the vacancy rates in some districts to explode. For example in the Promenade area, after the addition of 339,000 square feet, vacancy rates exploded to 32%, which is double what it had been the previous year. Net absorption is also low because there is not enough demand for the supply that is being created. Overall, the Rhode Island commercial real estate market estate will take a couple of years to absorb completely.
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