NAICS 53

Real Estate and Rental and Leasing in Providence-Warwick, RI

Metro Market Score 53.5 (Challenging), ranked #242 of 330 metros. 1,848 establishments, 8,140 jobs.

Metro Market Score 53.5

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national real estate and rental and leasing average.

💰High-Cost Market

At #242 of 330 metros, Providence-Warwick's real estate and rental and leasing sector scores 53.5 on the market index. Concentration (45.1), wage levels (78.5), and growth (37.6) all track close to the median. Local factors like lease costs and client access will matter more than macro signals.

Industry Concentration

45.1

LQ: 0.74

Rank #149 of 330 metros

Wage Competitiveness

78.5

$65,931 avg wage

Growth Trend

↓ 37.6

Employment growth index

Rank #207 of 330 metros

Wage Pressure

19.1

YoY wage change index

1,848 Real Estate and Rental and Leasing Firms in Providence-Warwick

1,848

Establishments

-0.4% YoY

8,140

Total Employment

-0.1% YoY

$65,931

Average Annual Wage

+5.1% YoY

0.74

Location Quotient

Below national avg

Within Rhode Island

#1 of 1

real estate and rental and leasing metros in state

Rhode Island state rank

#22 of 51

for real estate and rental and leasing entry risk

vs State Median

0.0

matches median (53.5)

Providence-Warwick vs Rhode Island Statewide

How this metro's real estate and rental and leasing market compares to Rhode Island overall. The state ranks #22/51 for entry risk.

Measure	Providence-Warwick	RI Statewide
Overall Score	53.5 Challenging	37.8 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#242 of 330 metros	#22 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Providence-Warwick

Healthcare and Social Assistance 53.9 Professional, Scientific, and Technical Services 55.1 Other Services 57.7 Retail Trade 61.1 Information 61.6 Accommodation and Food Services 63.2 Administrative and Support Services 65.3 Finance and Insurance 66.0

Real Estate and Rental and Leasing Metros With Similar Conditions

Metros within 5 points of Providence-Warwick's 53.5 score. Useful when comparing markets with comparable entry profiles.

Tucson, AZ 53.3 #241/330 Jacksonville, FL 53.6 #243/330 Milwaukee-Waukesha, WI 53.9 #244/330 Napa, CA 53.0 #240/330 Jacksonville, NC 53.0 #239/330 Akron, OH 52.8 #238/330 Fargo, ND 54.2 #245/330 Buffalo-Cheektowaga, NY 54.2 #246/330 Raleigh-Cary, NC 54.3 #247/330 Bremerton-Silverdale-Port Orchard, WA 52.6 #237/330

Real Estate and Rental and Leasing in States Bordering Rhode Island

State-level entry risk for real estate and rental and leasing in adjacent states. Use this to weigh cross-border options.

Massachusetts 27.7 #5/51 Connecticut 45.9 #37/51

Browse Real Estate and Rental and Leasing in Other States

State-level entry risk reports for real estate and rental and leasing across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Providence-Warwick's real estate and rental and leasing sector, the wage competitiveness component (78.5) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Providence-Warwick, RI-MA MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment