Commercial Real Estate Market in Springfield, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
107 active listings and 1,426 off-market properties in Springfield, VA. Commercial property asks $245/SF to buy and $24.50/SF/Yr to lease.
Market Trends
Springfield, VA spans 36.1 square miles in Loudoun County, Virginia. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Springfield, VA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Springfield, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
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%.
Multifamily
Multifamily vacancy in Springfield, VA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Springfield?
How much does it cost to lease commercial space in Springfield?
Where does Realmo's Springfield market data come from?
Methodology & data sources
- Asking prices and medians
- There are 53 active for-sale and 54 active for-lease listings in Springfield, VA. The medians are based on 17 of the for-sale and 12 of the for-lease listings, those that state a price or rent per square foot. 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.
- 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
