Commercial Real Estate Market in Springfield, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
194 active listings and 4,546 off-market properties in Springfield, OH. Commercial property asks $23/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Springfield, OH spans 180.6 square miles in Clark County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Springfield, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail space in Springfield, OH asks $111/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Springfield, OH 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, OH asks $73/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 53.4%
- Commercial 13.1%
- Industrial 12%
- Open space 7.3%
- Civic 6.7%
- Agricultural 4.1%
- Planned_development 3.5%
Largest Zones share of zoned land by district
Low Density Residential
High Density Residential
Light Industrial
Parks And Recreation
Limited Commercial
Springfield, OH zones 13,859 acres across 14 districts. Commercial zoning covers 13.1% of zoned land, residential 53.4%, open space 7.3% and industrial 12%. The largest single district is Low Density Residential at 33.9%. For commercial buyers the practical constraint is that only 25.1% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Springfield, OH has 100,018 residents in 45,609 households. Density runs 554 people per square mile. Median household income here is $57,960 and median gross rent $854 a month.
100,018
Population
45,609
Households
2.2
Avg Household Size
42
Median Age
18%
College-Educated
89%
High-School Grad
180.6 sq mi
ZIP Area
554
Density / Sq Mi
$57,960
Median Household Income
$37,702
Median Earnings
$854
Median Rent
$147,899
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Tremont City | — | — |
| Donnelsville | — | — |
| Enon | — | — |
| North Hampton | — | — |
Commercial property in Springfield, OH asks $23/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Springfield?
Commercial property in Springfield, OH asks an average of $23 per square foot. The 5 most recent recorded sales traded at a median of $119/SF. Retail carries the highest asking price at $111/SF.
How much does it cost to lease commercial space in Springfield?
Asking lease rates in Springfield, OH average $12.00 per square foot per year.
What zoning applies to commercial property in Springfield?
Springfield, OH zones 13,859 acres across 14 districts, of which 13.1% is commercial and 12% industrial. The largest single district is Low Density Residential at 33.9% of zoned land. Residential zoning covers 53.4% and open space 7.3%.
Where does Realmo's Springfield market data come from?
Realmo compiles Springfield, OH figures from 7 recent recorded sales, 163 active sale listings, 31 active lease listings, 4,546 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 163 active for-sale and 31 active for-lease listings in Springfield, OH. 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: 13,859 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 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 August 2026 · report a data issue
