Springfield, OH
Commercial Real Estate Market Trends & Data

$210 Avg asking sale price
$1,569 Avg asking lease rate
14,127 SF Avg unit lease size
21,796 SF Avg building size for sale
8.10% Average cap rate

Springfield's Demographic Profile

Springfield has 25,699 households and a median income of $44,595, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 62,036
# Households 25,699
Median age 38
Median household income $44,595
Avg household size 2.0
Renter-occupied housing units 13,222
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Springfield, OH

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
New Carlisle $181 13,868 SF 9.82%
Huber Heights $102 31,045 SF 10.48%
Nearby Retail Markets Avg Cost/SF Typical Size
Springfield $166 14,134 SF
Yellow Springs $107 13,126 SF
New Carlisle $32 53,458 SF
Fairborn $70 10,112 SF
Urbana $119 9,281 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Enon $98 11,736 SF 8.07%
Fairborn $125 47,820 SF 7.01%
Urbana $170 5,384 SF 7.11%
Wright Patterson Afb $125 47,820 SF 7.01%

Commercial Properties For Sale in Springfield

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

1301 W 1st St

Springfield, OH 45504

  • 3,600 SF Office Building
  • $1,500,000
For Sale

Incredible Value-Add Nationally Anchored Ctr.

Springfield, OH 45505

  • 84,335 SF Retail Building
  • 6.50% Cap Rate
  • $3,145,000
For Sale

Two-Tenant Retail - 6,790 SF - 100% Occupied

Springfield, OH 45505

  • 7,000 SF Retail Building
  • 8.54% Cap Rate
  • $679,000
For Sale

Fifth Third Bank Ground Lease

Springfield, OH 45505

  • 6,141 SF Retail Building
  • 6.25% Cap Rate
  • $1,118,048
For Sale

Tower Building

Springfield, OH 45503

  • 10,098 SF Office Building
  • $775,000
For Sale

325 W Columbia St

Springfield, OH 45504

  • 1.20 AC Lot
  • 1 Commercial Lot
  • $1,800,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Springfield pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Springfield $210 21,796 SF
Enon $88 16,560 SF
Yellow Springs $107 13,126 SF
New Carlisle $131 33,543 SF

Multifamily Properties For Sale in Springfield

For Sale

Mixed Use | 4 apartments + retail

Springfield, OH 45502

  • 17,119 SF Multifamily
  • $495,000

Regional Demographic Comparison

This comparison places Springfield alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Springfield or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Springfield 62,036 25,699 38 $44,595 2 13,222 1%
Enon 2,467 1,053 47 $90,654 2 227 -3%
Yellow Springs 3,735 1,814 51 $72,149 2 666 1%
New Carlisle 5,583 2,238 39 $55,992 2 722 -1%
South Charleston 1,671 706 41 $62,292 2 258 -4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Springfield, OH and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Springfield

View All Commercial Real Estate For Sale in Springfield
Is Springfield a good market for a first-time commercial real estate investor?

Springfield offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Springfield?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Springfield. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Springfield?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Springfield. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Springfield compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Springfield. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Springfield acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Springfield, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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