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Investment in Providence's industrial property rebounds

Trailing 12-month industrial property sales totaled $500 million at the end of the second quarter, up 58% year over year as institutional capital returns
In one of the larger recent transactions, a joint venture between institutional investors Griffith Properties and DRA Advisors acquired a 341,854-square-foot manufacturing facility at 88 Currant Road in Fall River occupied by Whirlpool Corp. for $42.4 million, or $124.03 per square foot. (CoStar)
In one of the larger recent transactions, a joint venture between institutional investors Griffith Properties and DRA Advisors acquired a 341,854-square-foot manufacturing facility at 88 Currant Road in Fall River occupied by Whirlpool Corp. for $42.4 million, or $124.03 per square foot. (CoStar)
CoStar Analytics
August 27, 2026 | 6:47 P.M.

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Investors' return to the Providence industrial property market has accelerated over the past year, supported by relatively stable tenant demand and renewed investor interest in the property type. Total sales of industrial property in the Providence region reached nearly $500 million in the trailing 12 months through the second quarter, representing an increase of more than 58% compared to the market's three-year average.

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