Commercial Real Estate Market in Springfield, TN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
56 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 August 2026.
Office
Office vacancy in Springfield, TN runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Springfield, TN runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
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%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Springfield, TN runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
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
Agricultural
Restrictive Industrial
Medium Density Residential
Commercial Services
Low Density Single Family Residential
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.
Agricultural (A-AG)
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.
31,851
Population
12,253
Households
2.6
Avg Household Size
39
Median Age
19%
College-Educated
86%
High-School Grad
179.8 sq mi
ZIP Area
177
Density / Sq Mi
$71,103
Median Household Income
$40,879
Median Earnings
$1,132
Median Rent
$282,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Greenbrier | — | — |
| Cedar Hill | — | — |
| Ridgetop | — | — |
| Cross Plains | — | — |
Commercial property in Springfield, TN asks $536/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Springfield?
Commercial property in Springfield, TN asks an average of $536 per square foot. The 6 most recent recorded sales traded at a median of $106/SF, so asking sits 404% above the achieved median.
What zoning applies to commercial property in Springfield?
Springfield, TN zones 8,375 acres across 23 districts, of which 17.6% is commercial and 15.5% industrial. The largest single district is Agricultural at 13.5% of zoned land. 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 Residential zoning covers 39.6% and open space 0%.
Where does Realmo's Springfield market data come from?
Realmo compiles Springfield, TN figures from 8 recent recorded sales, 42 active sale listings, 14 active lease listings, 771 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 42 active for-sale and 14 active for-lease listings in Springfield, TN. 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: 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 August 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, industrial vacancy is reported at South 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
