In addition to preferred particularities of local culture, economy, and geography, businesses looking to expand or relocate also give great consideration to the size, variety, and quality of the commercial real estate in and around their city of interest.
Total Office Space in Springfield: 7,346,261 Sq. Ft.
In Springfield, the largest share of office space is in office properties sized 100k to 500k square feet. In terms of quality rating, you’ll find that 2,220,625 square feet of office space in Springfield is rated Class A. Office space rated Class B amount to 4,559,989 square feet.
Springfield Office Market Breakdown by Building Size
Building Size Range |
Total Square Feet |
Share of Total Office |
50k to 100k Sq. Ft. |
1,651,656 Sq. Ft. |
22.48% |
100k to 500k Sq. Ft. |
1,868,348 Sq. Ft. |
25.43% |
500k to 1M Sq. Ft. |
1,299,683 Sq. Ft. |
17.69% |
> 1M Sq. Ft. |
1,375,000 Sq. Ft. |
18.72% |
Springfield Office Market Breakdown by Building Quality Rating
Class |
Total Square Feet |
Share of Total Office |
Class A |
2,220,625 Sq. Ft. |
30.23% |
Class B |
4,559,989 Sq. Ft. |
62.07% |
Class C |
405,647 Sq. Ft. |
5.52% |
Data was provided by CommercialEdge, refers to properties larger than 50,000 square feet.
Total Industrial Space in Springfield: 6,215,181 Sq. Ft.
Springfield is home to an industrial real estate market that encompasses 6,215,181 square feet of space across 5 industrial properties of various use types, sizes, and quality ratings.
Springfield Industrial Market Breakdown by Building Size
Building Size Range |
Total Square Feet |
Share of Total Industrial |
50k to 100k Sq. Ft. |
1,624,174 Sq. Ft. |
26.13% |
100k to 500k Sq. Ft. |
3,433,788 Sq. Ft. |
55.25% |
Springfield Industrial Market Breakdown by Building Quality Rating
Class |
Total Square Feet |
Share of Total Industrial |
Class A |
564,802 Sq. Ft. |
9.09% |
Class B |
4,027,899 Sq. Ft. |
64.81% |
Class C |
1,622,480 Sq. Ft. |
26.11% |
Data was provided by CommercialEdge, refers to industrial use properties larger than 50,000 square feet.
Total Retail Space in Springfield: 2,967,705 Sq. Ft.
The Springfield commercial real estate market includes 13 properties that are dedicated to retail use. The various types of retail space here account for 2,967,705 square feet of commercial property in Springfield.
Springfield Retail Market Breakdown by Building Size
Building Size Range |
Total Square Feet |
Share of Total Retail |
50k to 100k Sq. Ft. |
329,177 Sq. Ft. |
11.09% |
100k to 500k Sq. Ft. |
1,813,528 Sq. Ft. |
61.11% |
500k to 1M Sq. Ft. |
825,000 Sq. Ft. |
27.8% |
Data was provided by CommercialEdge and refers to retail properties larger than 50,000 square feet.