Springfield, MA Commercial Real Estate for Rent and Sale
Search 62 commercial real estate listings in Springfield, MA and find helpful local stats in the Market Overview section below.
The Springfield real estate market has a lot to offer. You will find that Retail space accounts for the largest share of CRE for rent opportunities on the local market. Meanwhile, Office space accounts for the second-largest share of listings on the market.
Office
40.20%
Retail
30.71%
Industrial
29.08%Depending on the type of space that you’re looking for, different areas of Springfield may suit your needs differently. The city’s Metro Center neighborhood has the highest concentration of CRE listings, offering 28 availabilities on the market. The Liberty Heights neighborhood is home to the second-largest number of leasing opportunities — 11 listing(s).
At the same time, it is worth noting that the concentration of one particular type of commercial real estate in an area is a good indication of the potential of that neighborhood or submarket. For example, if you want to rent an office, consider that you will find the largest concentration of opportunities in Metro Center.
Areas with numerous industrial properties are also more likely to be well-connected logistically. The East Springfield area is the local Springfield submarket with the most listings for rent, at this time.
Retail properties can be both scattered and clustered, mostly depending on the use type and where it best fits in order to be close to the customers. In Springfield, you’ll find the most such opportunities for lease to be in Liberty Heights.
If you’re looking to invest in real estate rather than to lease, the local real estate market also has something to offer. There are currently 665,434 square feet of commercial property for sale in Springfield. The largest investment opportunity on the local market offers 171,898 square feet of earning potential. If you are looking to buy a smaller property, consider that local listings for sale start at 4 square feet.
It’s worth noting that not all sale opportunities will have a price listed, but it is easy to reach out to the property representative for more information or to schedule a tour using the contact form or the contact details available on the listing page.
Mixed-use properties incorporate at least two different types of commercial real estate, which can present a series of advantages. The different real estate types in a mixed-use property can complement each other in ways that sustain mutual success. For instance, ground-floor retail spaces may benefit from the constant stream of office workers to and from the upper floors of the same building, as well as serve the surrounding community.
Moreover, they are in line with relatively recent trends toward a healthier, more walkable urban environment, where more amenities are placed within easier reach of the population. Properties that are built and designed with sustainability in mind provide more value for investors while also cutting down on costs for tenants. LEED certifications attest to a building’s commitment to green building. The local market includes 1 LEED-certified commercial building(s).
LEED
1
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