Highlights
- The average rent for office space in Warwick is $14.76 per square foot, 16.52% lower compared to the previous year.
- The market’s vacancy rate stands at 26.56%, higher than the state average of Rhode Island, which is 22.53%.
2025 Office Space Rent & Sales
- $14.76 2025 Avg. Asking Rent
- -16.52% Y-o-Y Avg. Asking Rent Change
- 26.56% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Warwick?
Average asking rents for office space here stand at $14.76 per square foot. The local office market recorded an average vacancy rate of 26.56% in 2025, unchanged from 26.56% in 2024.
Warwick, RI Office Asking Rents by Class
What is the average office rent per square foot by property class in RI?
- Avg. Asking Rent Class A & A+$32.77
- Avg. Asking Rent Class B$18.18
- Avg. Asking Rent Class C$12.50
For comparison, the average rent for Class A and A+ office space in Rhode Island was $32.77 per square foot. The state-wide average for Class B space was $18.18 per square foot, and Class C office spaces averaged $12.50 per square foot.
What are the largest recent office completions in Warwick?
The largest recent office completion here is Metro Center II at 139,636 square feet, completed in 1985. The next largest completions are The Summit and Metro East Office Park.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 1850 Post Road | 1850 Post Road, 02886 | 19,148 | 2024 |
| 1 Coastway Blvd | 1 Coastway Blvd, 02886 | 47,180 | 2014 |
| 1 Coastway Blvd | 1 Coastway Blvd, 02886 | 47,000 | 2014 |
| Metro East Office Park | 117 Metro Center Boulevard, 02886 | 75,000 | 2008 |
| The Summit | 300 Centerville Road, 02886 | 120,000 | 1991 |
| 20 Altieri Way | 20 Altieri Way, 02886 | 24,000 | 1990 |
| Metro Center II | 475 Kilvert Street, 02886 | 139,636 | 1985 |
| 155 Jefferson Blvd | 155 Jefferson Blvd, 02888 | 28,850 | 1985 |
| 1345 Jefferson Blvd | 1345 Jefferson Blvd, 02886 | 3,852 | 1984 |
| 151 Lavan Street | 151 Lavan Street, 02888 | 6,216 | 1980 |
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.