Commercial Real Estate Market in Springfield, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
9 active listings and 771 off-market properties in Springfield, TN.
Market Trends
Springfield, TN spans 179.8 square miles in Robertson County, Tennessee. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Springfield, TN runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Springfield, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Springfield, TN runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Springfield, TN runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 39.6%
- Commercial 17.6%
- Industrial 15.5%
- Agricultural 13.5%
- Planned_development 6.8%
Largest Zones share of zoned land by district
Springfield, TN zones 8,375 acres across 23 districts. Commercial zoning covers 17.6% of zoned land, residential 39.6% and industrial 15.5%. The largest single district is Agricultural at 13.5%. For commercial buyers the practical constraint is that only 33.1% of land carries a commercial or industrial designation.
These districts are designed to provide permissible areas for the growing of crops, animal husbandry, dairying, forestry and other similar activities, which generally occur and characterize rural rather than urban areas
Market overview
Demographics & Economy
Springfield, TN has 31,851 residents in 12,253 households. Density runs 177 people per square mile. Median household income here is $71,103 and median gross rent $1,132 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Springfield?
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 4 active for-sale and 5 active for-lease listings in Springfield, TN. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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: 8,375 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 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South 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
