Commercial Real Estate Market in Springfield, NE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
18 active listings and 162 off-market properties in Springfield, NE.
Market Trends
Springfield, NE spans 47.7 square miles in Sarpy County, Nebraska. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Springfield, NE runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Springfield, NE runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Springfield, NE runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Springfield, NE asks $186/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 82.3%
- Commercial 14.6%
- Industrial 3.1%
Largest Zones share of zoned land by district
Agricultural Residential District
Business Park District
Single Family Residential District
Light Industrial District
Highway Business District
Springfield, NE zones 6,370 acres across 14 districts. Commercial zoning covers 14.6% of zoned land, residential 82.3% and industrial 3.1%. The largest single district is Agricultural Residential District at 75.6%. For commercial buyers the practical constraint is that only 17.7% of land carries a commercial or industrial designation.
Light Industrial District (LI)
Section 5.19 LI Light Industrial District A. Intent. Provide standards for areas suitable for commercial and industrial uses to provide for employment opportunities which shall meet and conform with environmental specifications as to pollution and nuisance free performance. B. Permitted Uses 1. Assembly of metal products 2. Dying and cleaning establishments…
Market overview
Demographics & Economy
Springfield, NE has 3,408 residents in 1,369 households. Density runs 72 people per square mile. Median household income here is $97,210 and median gross rent $1,198 a month.
3,408
Population
1,369
Households
2.5
Avg Household Size
43
Median Age
31%
College-Educated
96%
High-School Grad
47.7 sq mi
ZIP Area
72
Density / Sq Mi
$97,210
Median Household Income
$50,768
Median Earnings
$1,198
Median Rent
$351,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cedar Creek | — | — |
| Richfield | — | — |
| Louisville | — | — |
| Papillion | — | $18.34 |
Commercial property in Springfield, NE asks $2,662/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Springfield?
Commercial property in Springfield, NE asks an average of $2,662 per square foot. The 3 most recent recorded sales traded at a median of $168/SF, so asking sits 1482% above the achieved median. Multifamily carries the highest asking price at $186/SF.
What zoning applies to commercial property in Springfield?
Springfield, NE zones 6,370 acres across 14 districts, of which 14.6% is commercial and 3.1% industrial. The largest single district is Agricultural Residential District at 75.6% of zoned land. Residential zoning covers 82.3% and open space 0%.
Where does Realmo's Springfield market data come from?
Realmo compiles Springfield, NE figures from 4 recent recorded sales, 16 active sale listings, 2 active lease listings, 162 tracked off-market properties, the current Springfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 2 active for-lease listings in Springfield, NE. 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: 6,370 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 Midwest region level, retail vacancy is reported at Midwest region level, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
