Commercial Real Estate Market in W Springfield, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
72 active listings and 861 off-market properties in W Springfield, MA. Commercial property asks $143/SF to buy (based on 8 listings) and $17.21/SF/Yr to lease.
Market Trends
W Springfield, MA spans 16.7 square miles in Hampden County, Massachusetts. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in W Springfield, MA has a median asking sale price of $89/SF (based on 3 listings). Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Retail
Retail space in W Springfield, MA has a median asking sale price of $89/SF (based on 3 listings). Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Industrial
Industrial vacancy in W Springfield, MA runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Multifamily
Multifamily space in W Springfield, MA has a median asking sale price of $159/SF (based on 4 listings). Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Market overview
Demographics & Economy
W Springfield, MA has 28,835 residents in 13,095 households. Density runs 1,724 people per square mile. Median household income here is $70,401 and median gross rent $1,121 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| West Springfield | $143 | $17.21 |
| Chicopee | $173 | $18.71 |
| Springfield | $147 | $15.47 |
| Agawam | $154 | $17.14 |
Commercial property in W Springfield, MA asks $143/SF. The 4 bordering markets run from $143/SF in West Springfield to $173/SF in Chicopee, and the city sits below their $151/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in W Springfield?
How much does it cost to lease commercial space in W Springfield?
How does W Springfield compare to nearby markets on price?
Where does Realmo's W Springfield market data come from?
Methodology & data sources
- Asking prices and medians
- There are 27 active for-sale and 45 active for-lease listings in W Springfield, MA. The medians are based on 8 of the for-sale and 25 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
