Springfield, MA Commercial Real Estate for Lease and Sale

Explore 45 listings of Springfield commercial real estate for lease and for sale to find the best space for your business.

CRE Market FAQs

Office/Retail Building

1205-1211 Boston Road, Boston Road, Springfield, MA
Property

Office

4,326 SF
Year Built

1970
For Sale

$1,195,000
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56-60 Fort Pleasant Ave

56-60 Fort Pleasant Ave , Forest Park Heights, Springfield, MA
Property

Multi-Family

11,124 SF
For Sale

$1,650,000
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Office Space at One Financial Plaza

1350 Main Street, Metro Center, Springfield, MA
Property

Office

330,600 SF
Availability

14 Spaces

77,588 SF
For Lease Contact for pricing
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Paramount Theater and Massasoit House Hotel

1676-1708 Main Street and 33 Gridiron Street, Metro Center, Springfield, MA
Property

Retail

122,507 SF
Year Built

1920
For Sale

Subject To Offer
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120 Tapley St

120 Tapley St, Bay, Springfield, MA
Property

Industrial

38,500 SF
Availability

1 Space

38,500 SF
Year Built

1954
For Lease Contact for pricing
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75 Market Place

75 Market Place , Metro Center, Springfield, MA
Property

Office

11,500 SF
Availability

1 Space

210 SF
For Lease

$1,150.00/SF/YR
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34 Sumner Avenue

34 Sumner Avenue, Forest Park Heights, Springfield, MA
Property

Office

2,710 SF
For Sale

$299,000
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Highly Visible Office/Medical/Retail

568 Main Street, Indian Orchard, Springfield, MA
Property

Office

2,507 SF
Availability

1 Space

2,400 SF
Year Built

1960
For Lease

$18.00/SF/YR
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65 Belmont Avenue & 886 State Street

65 Belmont Avenue & 886 State Street, The X, Springfield, MA
Property

Multi-Family

35,068 SF
For Sale

$3,500,000
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Springfield Technology Park

1 Federal Street, McKnight, Springfield, MA
Property

Office

250,000 SF
Availability

7 Spaces

23,639 SF
For Lease Contact for pricing
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455 Cottage Street

455 Cottage Street, East Springfield, Springfield, MA
Property

Industrial

10,950 SF
Year Built

1970
For Sale

$850,000
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47-51 & 59 Fort Pleasant Ave

47-51 & 59 Fort Pleasant Ave, Forest Park Heights, Springfield, MA
Property

Multi-Family

17,733 SF
For Sale

$2,700,000
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2.52 Acre Retail Property with Three Corporate Ground Leases

1349-1355 Boston Road, Boston Road, Springfield, MA
Property

Retail

8,000 SF
Year Built

2006
For Sale

$3,990,000
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110 - 120 Maple Street

110 - 120 Maple Street, South End Springfield, Springfield, MA
Property

Office

81,112 SF
For Sale

Subject To Offer
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Springfield Office Space

18 Gaucher Street, Pine Point, Springfield, MA
Property

Office

7,200 SF
Availability

1 Space

5,000 SF
Year Built

1957
For Lease

$12.00/SF/YR
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Retail Space in Shopping Center

1400 Boston Road , Boston Road, Springfield, MA
Property

Retail

47,595 SF
Availability

1 Space

2,660 SF
Year Built

1976
For Lease

$15.00/MO
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Industrial Complex/Development Opportunity

1 Allen St, East Forest Park, Springfield, MA
Property

Industrial

171,898 SF
Year Built

1857
For Sale

$2,950,000
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66-68 Fort Pleasant Ave & 120-122 Central St

66-68 Fort Pleasant Ave & 120-122 Central St, Forest Park Heights, Springfield, MA
Property

Multi-Family

21,558 SF
For Sale

$2,850,000
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616 Boston Rd

616 Boston Rd, Pine Point, Springfield, MA
Property

Unassigned

5,700 SF
Year Built

1971
For Sale

$675,000
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Development Opportunity

400 Cadwell Drive, East Springfield, Springfield, MA
Property

Land
For Sale Contact for pricing
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101 Wason Ave

101 Wason Ave, Brightwood, Springfield, MA
Property

Office

48,222 SF
Availability

1 Space

14,725 SF
Year Built

2013
For Lease Contact for pricing
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34 Sumner Avenue

34 Sumner Avenue, Forest Park Heights, Springfield, MA
Property

Office

2,710 SF
Availability

1 Space

2,710 SF
For Lease

$4,000.00/MO
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Rear Main, WS Main, and NS Sheldon

2726 & 2734 Main Street. Rear Main, Rear Main, WS Main, NS Sheldon St., Memorial Square, Springfield, MA
Property

VacantLand
For Sale

$422,240
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1380 Main Street

1380 Main Street, Metro Center, Springfield, MA
Property

Office

50,000 SF
Availability

2 Spaces

1,334 SF
For Lease

$14.00/SF/YR
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Whitcomb Building

32 – 34 Hampden Street, Metro Center, Springfield, MA
Property

Office

28,890 SF
Availability

3 Spaces

6,050 SF
Year Built

1896
For Lease Contact for pricing
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Springfield Warehouse/Manufacturing Facilty

612-616 Dwight Street, Metro Center, Springfield, MA
Property

Industrial

36,000 SF
Availability

1 Space

36,000 SF
Year Built

1965
For Lease

$6.50/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Springfield commercial real estate market incorporates 1,091,701 square feet of office space across 17 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Springfield commercial real estate market includes 752,054 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Springfield market, there is a total of 486,791 square feet of industrial property.

The listing inventory in Springfield incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Springfield is represented by Retail space, which accounts for 467,016 square feet of available listings. Office space available in Springfield adds up to 231,089 square feet.

Meanwhile, most of the listings of commercial property for sale in Springfield are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Springfield is $16.21 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Springfield can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Springfield, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Springfield is in the Metro Center neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Metro Center area.

Meanwhile, retail space opportunities are most abundant in the Boston Road submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in East Springfield.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $20 per square foot. In particular, the property type commanding the highest lease rates in Springfield was Office space.

Conversely, the highest sale price last year was $960,000 that is located at 181 Chestnut Street.

The average size of a commercial property in Springfield depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Springfield, the average size of an office property is 64,218 square feet.
Retail properties here incorporate an average of 83,562 square feet.
Industrial space in Springfield is in buildings that are, on average 54,088 square feet in size.

Springfield, MA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Springfield currently add up to 906,509 square feet. The market offers 14 active office listing(s), which amount to 231,089 square feet and account for 51% of commercial spaces on the market. Local retail availability includes 467,016 square feet across 8 retail space(s). Industrial space for rent opportunities in Springfield amount to 208,404 square feet across a total of 5 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	14	231,089
Retail	8	467,016
Industrial	5	208,404

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Springfield, MA. Currently, there is 566,490 square feet of commercial property for sale here , which includes 3 office building(s) for sale , 2 retail investment opportunity listing(s) , and 4 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	3	117,038
Retail	2	130,507
Industrial	4	227,762
Other	8	91,183

Springfield, MA Commercial Real Estate for Lease and Sale

Office/Retail Building

56-60 Fort Pleasant Ave

Office Space at One Financial Plaza

Paramount Theater and Massasoit House Hotel

120 Tapley St

75 Market Place

34 Sumner Avenue

Highly Visible Office/Medical/Retail

65 Belmont Avenue & 886 State Street

Springfield Technology Park

455 Cottage Street

47-51 & 59 Fort Pleasant Ave

2.52 Acre Retail Property with Three Corporate Ground Leases

110 - 120 Maple Street

Springfield Office Space

Retail Space in Shopping Center

Industrial Complex/Development Opportunity

66-68 Fort Pleasant Ave & 120-122 Central St

616 Boston Rd

Development Opportunity

101 Wason Ave

34 Sumner Avenue

Rear Main, WS Main, and NS Sheldon

1380 Main Street

Whitcomb Building

Springfield Warehouse/Manufacturing Facilty

Frequently Asked Questions

Springfield, MA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Springfield, MA Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Springfield, MA?

What factors affect the price of commercial real estate in Springfield, MA?

What is the average rent for commercial space in Springfield, MA?

What are the best areas for commercial real estate in Springfield, MA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Springfield, MA?

Springfield, MA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us