Report: R.I. commercial real estate transactions decline in 2017

THE AVERAGE SALE PRICE per square foot declined in the retail and office sectors, but increased for the industrial sector in Rhode Island. / COURTESY CAPSTONE PROPERTIES
THE AVERAGE SALE PRICE per square foot declined in the retail and office sectors, but increased for the industrial sector in Rhode Island. / COURTESY CAPSTONE PROPERTIES
PROVIDENCE – The number of commercial real estate transactions in Rhode Island declined from 2016 to 2017, according to the Capstone Report released Tuesday by Capstone Properties. Industrial transactions in Rhode Island declined 18.5 percent year over year, to 53 from 65 in 2017. The average industrial sale price, however, increased to $32.65 per square…

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