Commercial Real Estate Market in Springfield, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
107 active listings and 1,426 off-market properties in Springfield, VA.
Market Trends
Springfield, VA spans 36.1 square miles in Loudoun County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Springfield, VA 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, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Springfield, VA 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, VA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Springfield, VA has 152,462 residents in 51,580 households. Density runs 4,225 people per square mile. Median household income here is $156,476 and median gross rent $2,554 a month.
152,462
Population
51,580
Households
3
Avg Household Size
40
Median Age
60%
College-Educated
93%
High-School Grad
36.1 sq mi
ZIP Area
4,225
Density / Sq Mi
$156,476
Median Household Income
$68,024
Median Earnings
$2,554
Median Rent
$641,843
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Springfield | — | — |
| North Springfield | — | — |
| Burke | — | $13.44 |
| Annandale | — | $28.60 |
Frequently Asked Questions
Where does Realmo's Springfield market data come from?
Realmo compiles Springfield, VA figures from 7 recent recorded sales, 53 active sale listings, 54 active lease listings, 1,426 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 53 active for-sale and 54 active for-lease listings in Springfield, VA. 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 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 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 August 2026 · report a data issue
