Springfield, MA Commercial Real Estate Market Overview: Key Trends & Insights
Springfield has 1.5 million square feet of commercial real estate inventory as of 2026. This inventory is distributed across nearly 100 properties.
This overview provides a snapshot of the Springfield commercial sector, highlighting the most important aspects and trends to guide you through the local landscape, whether you are looking to lease or invest in local CRE assets.
Commercial Space for Rent in Springfield, MA
Based on the latest estimates, Springfield, MA offers almost 100 commercial listings for lease, totaling about 1.5 million square feet.
Current leasing options comprise 24 office listings, which represent approximately 37.50% out of the total leasing inventory.
There are also 17 industrial and warehouse listings, making up 26.56% of the total.
Additionally, 23 retail listings make up 35.94% of the local leasing market.
These types are supplemented by 7 listings for lease belonging to other commercial types.
Property type
No. of Listings
Total Sq. Ft.
Avg. Asking Rent
Office
24
1,662,397
$16.51
Retail
23
1,657,557
$14.3
Industrial
17
707,962
$9.32
Other
7
671,943
N/A
Commercial Real Estate for Sale in Springfield, MA
As of 2026, Springfield, MA has a total of 20 commercial real estate properties for sale.
This inventory includes 9 office assets, 7 industrial facilities and 1 retail properties available for purchase.
The largest share is held by Office, with 45.00% out of local properties for sale belonging to this asset type.
Industrial has the next largest share at 35.00%, while Retail makes up 5.00% of commercial properties for sale in Springfield.
Property type
No. of Listings
Total Sq. Ft.
Office
9
1,662,397
Retail
1
1,657,557
Industrial
7
707,962
Other
3
786,576
Leading Commercial Real Estate Submarkets by Property Type in Springfield, MA
The leading commercial real estate submarkets for different property types in Springfield are:
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Office: Metro Center with 34 office listings, totaling 128,280 square feet.
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Industrial: East Springfield with 10 industrial listings, totaling 101,302 square feet.
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Retail: Metro Center with 17 retail listings, totaling 42,649 square feet.
184 Stafford Street, Liberty Heights, Springfield, MA
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510 Parker Street, Boston Road, Springfield, MA