Springfield, OR
Commercial Real Estate Market Trends & Data

$334 Avg asking sale price
$18 Avg asking lease rate
9,369 SF Avg unit lease size
29,396 SF Avg building size for sale
6.10% Average cap rate

Springfield's Demographic Profile

Springfield has 24,223 households and a median income of $59,245, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 61,201
# Households 24,223
Median age 39
Median household income $59,245
Avg household size 3.0
Renter-occupied housing units 11,097
5-year population change 0%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Springfield $213 61,348 SF 4.81%
Eugene $259 19,515 SF 7.70%
Cottage Grove $322 1,912 SF 6.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Springfield $205 34,775 SF 6.87%
Dexter $111 9,000 SF 5.91%
Creswell $199 49,000 SF 8.50%
Nearby Retail Markets Avg Cost/SF Typical Size
Springfield $279 7,219 SF
Coburg $2,177 12,659 SF
Creswell $654 1,298 SF
Eugene $317 15,507 SF
Sweet Home $139 3,964 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Springfield $311 7,796 SF 5.67%
Eugene $264 24,422 SF 8.77%
Lebanon $200 30,174 SF 5.84%
Albany $198 4,372 SF 7.52%
Corvallis $155 72,581 SF 6.75%

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

Future Industrial Land

Springfield, OR 97477

  • 10.03 AC Lot
  • 1 Commercial Lot
  • $2,178,000
For Sale

Wynant's Family Health Foods

Springfield, OR 97477

  • 6,191 SF Retail Building
  • $1,475,000
For Sale

490 Walnut Ln

Eugene, OR 97401

  • 2,184 SF Multifamily
  • $550,000
For Sale

Warehouse/Manufacturing Opportunity

Springfield, OR 97478

  • 9,660 SF Industrial Building
  • $1,450,000
For Sale

Brackenfern Rd - Development Land

Eugene, OR 97403

  • 31.68 AC Lot
  • 1 Residential Income Lot
  • $950,000
For Sale

1611 N 18th St

Springfield, OR 97477

  • 2,932 SF Retail Building
  • 6.00% Cap Rate
  • $2,035,533

Average Price For Sale

↻ Updated Monthly

Average Price 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 $334 29,396 SF
Leaburg $243 1,030 SF
Coburg $1,640 23,955 SF
Dexter $111 9,000 SF
Creswell $398 25,149 SF

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Springfield, OR 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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