Rhode Island has 74 cities with many coastal towns and metropolitan areas for its size. The state capital, Providence, also known as "The Creative Capital," is a small but leading U.S. metro.
Providence is known as a creative hub city because it offers tax incentives for artists to promote a thriving local culture and community. Adaptive reuse of buildings has been on the rise to revamp older real estate, such as abandoned warehouses and old hotels, into refreshed, modern properties. Providence is also home to a globally recognized IV league, Brown University, and is one of the largest employers in the state.
Lastly, the state is famous for its cute coastal cities with a booming seafood sector in commercial clam harvesting. With over 400 miles of coastline, popular beach areas like Narragansett Beach and East Beach are popular tourist destinations for vacation rental properties. Although Rhode Island is small, it has tremendous real estate opportunities available.
Rhode Island is the smallest statel in the U.S., with over 1 million residents. The Ocean State is home to beautiful coastal landscapes promoting tourism and hospitality hotspots throughout its eastern regions.
Due to Rhode Island's size, multi-family and mixed-use developments are attractive to residents and business owners for maximizing land space. The state is also known for its thriving seafood market, providing real estate investors with opportunities to cash in on diverse residential and commercial properties.
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