Commercial Real Estate Market in Springfield, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
94 active listings and 1,865 off-market properties in Springfield, OR. Commercial property asks $273/SF to buy and $22.67/SF/Yr to lease.
Market Trends
Springfield, OR spans 180.8 square miles in Lane County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Springfield, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Springfield, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Springfield, OR runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Springfield, OR asks $249/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 53.9%
- Industrial 19.5%
- Civic 14.1%
- Commercial 6.1%
- Mixed use 4.1%
Largest Zones share of zoned land by district
Residential
Public Land And Open Space
Heavy Industrial
Light Medium Industrial
Residential
Springfield, OR zones 15,121 acres across 23 districts. Commercial zoning covers 6.1% of zoned land, residential 53.9% and industrial 19.5%. The largest single district is Residential at 47.6%. For commercial buyers the practical constraint is that only 25.6% of land carries a commercial or industrial designation.
Residential (R1)
PSIS Art 1.2.100 LEGAL FRAMEWORK Ch DC2 General Provisions Art 2.1.100 GENERAL PROVISIONS Ch DC3 Land Use Districts Art 3.1.100 OFFICIAL ZONING MAPS Art 3.2.100 BASE LAND USE DISTRICTS Art 3.2.200 RESIDENTIAL DISTRICTS (R-1, R-2, R-3) Art 3.2.300 COMMERCIAL DISTRICTS Art 3.2.400 INDUSTRIAL DISTRICTS Art 3.2.500 MEDICAL SERVICES ZONING DISTRICT Art 3.2.600 MI…
Market overview
Demographics & Economy
Springfield, OR has 76,757 residents in 31,754 households. Density runs 424 people per square mile. Median household income here is $71,469 and median gross rent $1,246 a month.
76,757
Population
31,754
Households
2.4
Avg Household Size
39
Median Age
22%
College-Educated
91%
High-School Grad
180.8 sq mi
ZIP Area
424
Density / Sq Mi
$71,469
Median Household Income
$37,105
Median Earnings
$1,246
Median Rent
$353,656
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Springfield?
Commercial property in Springfield, OR asks an average of $273 per square foot. Multifamily carries the highest asking price at $249/SF.
How much does it cost to lease commercial space in Springfield?
Asking lease rates in Springfield, OR average $22.67 per square foot per year.
What zoning applies to commercial property in Springfield?
Springfield, OR zones 15,121 acres across 23 districts, of which 6.1% is commercial and 19.5% industrial. The largest single district is Residential at 47.6% of zoned land. PSIS Art 1.2.100 LEGAL FRAMEWORK Ch DC2 General Provisions Art 2.1.100 GENERAL PROVISIONS Ch DC3 Land Use Districts Art 3.1.100 OFFICIAL ZONING MAPS Art 3.2.100 BASE LAND USE DISTRICTS Art 3.2.200 RESIDENTIAL DISTRICTS (R-1, R-2, R-3) Art 3.2.300 COMMERCIAL DISTRICTS Art 3.2.400 INDUSTRIAL DISTRICTS Art 3.2.500 MEDICAL SERVICES ZONING DISTRICT Art 3.2.600 MI… Residential zoning covers 53.9% and open space 0%.
Where does Realmo's Springfield market data come from?
Realmo compiles Springfield, OR figures from 3 recent recorded sales, 77 active sale listings, 17 active lease listings, 1,865 tracked off-market properties, the current Springfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 77 active for-sale and 17 active for-lease listings in Springfield, OR. 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: 15,121 zoned acres across 23 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 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West 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 30 September 2026 · report a data issue
