2025 Office Space Rent & Sales
- $16.51 2025 Avg. Asking Rent
- 11.61% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Springfield?
Average asking rents for office space here stand at $16.51 per square foot. The local office market recorded an average vacancy rate of 11.61% in 2025, unchanged from 11.61% in 2024.
Springfield, MA Office Asking Rents by Class
What is the average office rent per square foot by property class in MA?
- Avg. Asking Rent Class A & A+$75.27
- Avg. Asking Rent Class B$30.39
- Avg. Asking Rent Class C$23.37
For comparison, the average rent for Class A and A+ office space in Massachusetts was $75.27 per square foot. The state-wide average for Class B space was $30.39 per square foot, and Class C office spaces averaged $23.37 per square foot.
What are the largest recent office completions in Springfield?
The largest recent office completion here is Springfield Plaza - 1245-1395 Liberty Street at 430,727 square feet, completed in 1964. The next largest completions are 299 Carew Street and 299 Carew Street.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 101 Wason Ave | 101 Wason Ave, 01107 | 48,222 | 2013 |
| 1250 Saint James Ave | 1250 Saint James Ave, 01104 | 77,864 | 1999 |
| 1250 Saint James Ave | 1250 Saint James Ave, 01104 | 77,864 | 1999 |
| 299 Carew Street | 299 Carew Street, 01104 | 96,299 | 1990 |
| 299 Carew Street | 299 Carew Street, 01104 | 96,299 | 1990 |
| 908 Allen St | 908 Allen St, 01118 | 3,507 | 1981 |
| 44 Turnbull St | 44 Turnbull St, 01104 | 1,040 | 1968 |
| 66 Industry Ave | 66 Industry Ave , 01104 | 68,670 | 1965 |
| Springfield Plaza - 1245-1395 Liberty Street | 1355 Liberty Street, 01104 | 430,727 | 1964 |
| 130 Maple Street | 130 Maple Street, 01103 | 59,571 | 1958 |
See reports for other markets
- Boston Office Rent Price
- Stamford Office Rent Price
- Worcester Office Rent Price
- Hartford Office Rent Price
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- Houston Office Rent Price
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- Washington Office Rent Price
- Miami Office Rent Price
- Seattle Office Rent Price
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- Denver Office Rent Price
Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.