Commercial Real Estate Market in Springfield, MO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
612 active listings and 5,718 off-market properties in Springfield, MO. Commercial property asks $137/SF to buy and $13.50/SF/Yr to lease.
Market Trends
Springfield, MO spans 225.8 square miles in Greene County, Missouri. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Springfield, MO asks $14.37/SF/Yr to lease; the median asking sale price is $155/SF (based on 7 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Springfield, MO asks $20.26/SF/Yr to lease; the median asking sale price is $138/SF. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial space in Springfield, MO has a median asking sale price of $103/SF (based on 4 listings). Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily space in Springfield, MO has a median asking sale price of $137/SF. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 45.5%
- Industrial 27.2%
- Planned_development 10.4%
- Commercial 10.3%
- Civic 5.8%
- Mixed use 0.1%
Largest Zones share of zoned land by district
Springfield, MO zones 44,462 acres across 31 districts. Commercial zoning covers 10.3% of zoned land, residential 45.5% and industrial 27.2%. The largest single district is Single Family Residential at 38.8%. For commercial buyers the practical constraint is that only 37.5% of land carries a commercial or industrial designation.
Sec. 36-432. - GM - General manufacturing district. (1) Purpose. The GM general manufacturing district is designed as the basic manufacturing district for Springfield. The use limitations for this district are set so that most industrial uses that are reasonably careful with respect to housekeeping and external impacts will be able to comply. Areas zoned GM…
Market overview
Demographics & Economy
Springfield, MO has 235,840 residents in 111,576 households. Density runs 1,045 people per square mile. Median household income here is $56,995 and median gross rent $939 a month.
Tools
Nearby Markets
Commercial property in Springfield, MO asks $137/SF. The 2 bordering markets run from $150/SF in Ozark to $196/SF in Republic, and the city sits below their $173/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Springfield?
How much does it cost to lease commercial space in Springfield?
How does Springfield compare to nearby markets on price?
What zoning applies to commercial property in Springfield?
Where does Realmo's Springfield market data come from?
Methodology & data sources
- Asking prices and medians
- There are 267 active for-sale and 345 active for-lease listings in Springfield, MO. The medians are based on 59 of the for-sale and 143 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.
- Zoning and land use
- The current municipal zoning release: 44,462 zoned acres across 31 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 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest 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
