Commercial Real Estate Market in Westfield, MA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
75 active listings and 799 off-market properties in Westfield, MA. Commercial property asks $91/SF to buy and $14.81/SF/Yr to lease.
Market Trends
Westfield, MA spans 59.7 square miles in Hampden County, Massachusetts. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Westfield, 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 Westfield, 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 Westfield, 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 Westfield, MA runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 80.6%
- Industrial 12.7%
- Special 3.9%
- Commercial 2.9%
Largest Zones share of zoned land by district
Rural Residential
Residence A
Industrial A
Airport District
Business B
Westfield, MA zones 30,300 acres across 14 districts. Commercial zoning covers 2.9% of zoned land, residential 80.6% and industrial 12.7%. The largest single district is Rural Residential at 62%. For commercial buyers the practical constraint is that only 15.6% of land carries a commercial or industrial designation.
Rural Residential (RR)
Rural Residential is intended to accommodate agriculture, horticulture or floriculture as well as single family detached dwellings at low densities plus other land uses which minimally impact the aquifer and preserve or respect the Citys open space
Market overview
Demographics & Economy
Westfield, MA has 41,529 residents in 17,054 households. Density runs 695 people per square mile. Median household income here is $83,821 and median gross rent $1,064 a month.
41,529
Population
17,054
Households
2.4
Avg Household Size
41
Median Age
33%
College-Educated
92%
High-School Grad
59.7 sq mi
ZIP Area
695
Density / Sq Mi
$83,821
Median Household Income
$44,737
Median Earnings
$1,064
Median Rent
$296,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Southwick | — | $9.75 |
| Montgomery | — | — |
| West Springfield | — | $17.47 |
| Granville | — | — |
Commercial property in Westfield, MA asks $91/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Westfield?
Commercial property in Westfield, MA asks an average of $91 per square foot. The 5 most recent recorded sales traded at a median of $242/SF.
How much does it cost to lease commercial space in Westfield?
Asking lease rates in Westfield, MA average $14.81 per square foot per year.
What zoning applies to commercial property in Westfield?
Westfield, MA zones 30,300 acres across 14 districts, of which 2.9% is commercial and 12.7% industrial. The largest single district is Rural Residential at 62% of zoned land. Rural Residential is intended to accommodate agriculture, horticulture or floriculture as well as single family detached dwellings at low densities plus other land uses which minimally impact the aquifer and preserve or respect the Citys open space Residential zoning covers 80.6% and open space 0%.
Where does Realmo's Westfield market data come from?
Realmo compiles Westfield, MA figures from 7 recent recorded sales, 38 active sale listings, 37 active lease listings, 799 tracked off-market properties, the current Westfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 38 active for-sale and 37 active for-lease listings in Westfield, 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.
- Zoning and land use
- The current municipal zoning release: 30,300 zoned acres across 14 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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
