Commercial Real Estate Market in West Springfield, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
80 active listings and 861 off-market properties in West Springfield, MA. Commercial property asks $142/SF to buy and $17.47/SF/Yr to lease.
Market Trends
West Springfield, MA spans 16.7 square miles in Hampden County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in West Springfield, MA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in West Springfield, MA runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in West 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%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily vacancy in West Springfield, MA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
West 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.
28,835
Population
13,095
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
91%
High-School Grad
16.7 sq mi
ZIP Area
1,724
Density / Sq Mi
$70,401
Median Household Income
$43,186
Median Earnings
$1,121
Median Rent
$307,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Agawam | — | $73.76 |
| Springfield | — | $17.21 |
| Chicopee | — | $16.99 |
| Longmeadow | — | — |
Commercial property in West Springfield, MA asks $142/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in West Springfield?
Commercial property in West Springfield, MA asks an average of $142 per square foot. The 7 most recent recorded sales traded at a median of $106/SF, so asking sits 34% above the achieved median.
How much does it cost to lease commercial space in West Springfield?
Asking lease rates in West Springfield, MA average $17.47 per square foot per year.
Where does Realmo's West Springfield market data come from?
Realmo compiles West Springfield, MA figures from 8 recent recorded sales, 33 active sale listings, 47 active lease listings, 861 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 33 active for-sale and 47 active for-lease listings in West Springfield, MA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- 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 August 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 August 2026 · report a data issue
