Commercial Real Estate Market in Springfield, PA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
18 active listings and 562 off-market properties in Springfield, PA.
Market Trends
Springfield, PA spans 7.1 square miles in Northumberland County, Pennsylvania. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Springfield, PA runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Springfield, PA 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 Springfield, PA 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 space in Springfield, PA asks $64/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Springfield, PA has 25,045 residents in 8,839 households. Density runs 3,504 people per square mile. Median household income here is $132,230 and median gross rent $1,511 a month.
25,045
Population
8,839
Households
2.8
Avg Household Size
42
Median Age
48%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
3,504
Density / Sq Mi
$132,230
Median Household Income
$71,515
Median Earnings
$1,511
Median Rent
$389,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Morton | $199 (county avg) | — |
| Clifton Heights | $199 (county avg) | — |
| Media | $199 (county avg) | $25.73 |
Commercial property in Springfield, PA asks $59/SF. The 3 bordering markets run from $199/SF in Morton to $199/SF in Morton, and the city sits below their $199/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Springfield?
Commercial property in Springfield, PA asks an average of $59 per square foot. The 5 most recent recorded sales traded at a median of $139/SF. Multifamily carries the highest asking price at $64/SF.
How does Springfield compare to nearby markets on price?
Springfield, PA asks $59/SF against $199/SF in Morton, $199/SF in Clifton Heights and $199/SF in Media.
Where does Realmo's Springfield market data come from?
Realmo compiles Springfield, PA figures from 6 recent recorded sales, 13 active sale listings, 5 active lease listings, 562 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 5 active for-lease listings in Springfield, PA. 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.
- 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 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 30 September 2026 · How Realmo checks market page data · Report a data issue
