Westerly, RI Commercial Real Estate for Lease and Sale

Explore 15 listings of Westerly commercial real estate to find the best space for your business.

125 Main St

125 Main St, Downtown Westerly, Westerly, RI
Property

Other

1,500 SF
For Sale

$324,000
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1 Crosswind Road

1 Crosswind Road, Westerly State Airport, Westerly, RI
Property

Industrial

34,515 SF
For Sale

$2,850,000
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248 Post Road

248 Post Rd Westerly, Dunns Corner, Westerly, RI
Property

Retail

33,773 SF
Availability

2 Spaces

34,690 SF
For Lease Contact for pricing
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35 Wells Street

35 Wells Street, Downtown Westerly, Westerly, RI
Property

Office

1,957 SF
For Sale Contact for pricing
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35 Wells Street

35 Wells Street, Downtown Westerly, Westerly, RI
Property

Office

16,600 SF
Availability

1 Space

1,957 SF
For Lease Contact for pricing
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Aviation Land

56 Airport Road, Westerly State Airport, Westerly, RI
Property

VacantLand

1.2 Acre
Availability

1 Space

1.2 Acre
For Lease

$2.50 - $3.75/Acre/YR
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Westerly Crossings

151 Franklin Street, Downtown Westerly, Westerly, RI
Property

Retail

157,315 SF
Availability

5 Spaces

14,990 SF
Year Built

2007
For Lease Contact for pricing
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100 Mechanic Street

100 Mechanic Street, Pawcatuck, CT
Property

Industrial

206,372 SF
Availability

3 Spaces

12,221 SF
Year Built

1920
For Lease Contact for pricing
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185 South Broad Street

185 South Broad Street, Pawcatuck, CT
Property

Industrial

123,440 SF
Availability

1 Space

4,500 SF
Year Built

1999
For Lease

$12.00/SF/YR
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0.36 acre retail development site

15 Hickey Dr, Pawcatuck, Stonington, CT
Property

Other
For Sale Contact for pricing
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11.5 Acre Development Site

CT-2 Norwich-Westerly Road, North Stonington, CT
Property

Other
For Sale Contact for pricing
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75 Frontage Road

75 Frontage Road, North Stonington, CT
Property

Industrial

98,167 SF
Availability

1 Space

10,000 SF
Year Built

1969
For Lease

$11.50/SF/YR
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Industrial Warehouse Build To Suit Opportunity

45 Frontage Road, North Stonington, CT
Property

Industrial
Availability

1 Space

500,000 SF
Year Built

2019
For Lease Contact for pricing
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3 Pearl Street Mystic

3 Pearl Street Mystic, West Mystic, Groton, CT
Property

Mixed Use

11,000 SF
Availability

1 Space

500 SF
For Lease

$2,900.00/MO
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23 Clara Drive

23 Clara Drive, Mystic, Stonington, CT
Property

Office

44,400 SF
Availability

4 Spaces

20,260 SF
Year Built

1989
For Lease Contact for pricing
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Westerly commercial real estate market incorporates 18,557 square feet of office space across 2 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Westerly commercial real estate market includes 244,088 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Westerly market, there is a total of 34,515 square feet of industrial property.

The listing inventory in Westerly incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Westerly is represented by Retail space, which accounts for 81,096 square feet of available listings. Office space available in Westerly adds up to 1,957 square feet.

Meanwhile, most of the listings of commercial property for sale in Westerly are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Westerly, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Westerly is in the Downtown Westerly neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Westerly area.

Meanwhile, retail space opportunities are most abundant in the Downtown Westerly submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Westerly State Airport.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property.

The average size of a commercial property in Westerly depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Westerly, the average size of an office property is 9,279 square feet.
Retail properties here incorporate an average of 81,363 square feet.
Industrial space in Westerly is in buildings that are, on average 34,515 square feet in size.

Westerly, RI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Westerly currently add up to 103,909 square feet. The market offers 1 active office listing(s), which amount to 1,957 square feet and account for 25% of commercial spaces on the market. Local retail availability includes 49,680 square feet across 2 retail space(s).

Property Type	Count of Listings	Total SF
Office	1	1,957
Retail	2	49,680
Other	1	52,272

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Westerly, RI. Currently, there is 37,972 square feet of commercial property for sale here , which includes 1 office building(s) for sale , and 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	1	1,957
Industrial	1	34,515
Other	1	1,500

Westerly, RI Commercial Real Estate for Lease and Sale

125 Main St

1 Crosswind Road

248 Post Road

35 Wells Street

35 Wells Street

Aviation Land

Westerly Crossings

100 Mechanic Street

185 South Broad Street

0.36 acre retail development site

11.5 Acre Development Site

75 Frontage Road

Industrial Warehouse Build To Suit Opportunity

3 Pearl Street Mystic

23 Clara Drive

Frequently Asked Questions

Westerly, RI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Westerly, RI Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Westerly, RI?

What factors affect the price of commercial real estate in Westerly, RI?

What are the best areas for commercial real estate in Westerly, RI?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Westerly, RI?

Westerly, RI Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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About us