West Springfield, MA
Commercial Real Estate Market Trends & Data

$104 Avg asking sale price
$1,088 Avg asking lease rate
22,214 SF Avg unit lease size
23,117 SF Avg building size for sale
10.24% Average cap rate

West Springfield's Demographic Profile

West Springfield has 11,909 households and a median income of $64,237, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 27,986
# Households 11,909
Median age 41
Median household income $64,237
Avg household size 2.0
Renter-occupied housing units 5,041
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near West Springfield, MA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
West Springfield $105 16,289 SF 7.18%
Agawam $104 20,439 SF 7.18%
Springfield $118 13,802 SF 8.42%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
West Springfield $77 46,017 SF 7.18%
Agawam $105 59,504 SF 7.18%
Chicopee $84 50,972 SF 20.00%
Springfield $93 39,729 SF 7.18%
Nearby Retail Markets Avg Cost/SF Typical Size
West Springfield $130 13,927 SF
Agawam $153 16,442 SF
Feeding Hills $222 8,946 SF
Chicopee $98 14,847 SF
Springfield $201 22,636 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
West Springfield $66 6,026 SF 13.30%
Springfield $66 4,257 SF 13.30%
Longmeadow $174 61,334 SF 6.44%
Holyoke $167 39,506 SF 10.00%
South Hadley $136 9,465 SF 10.00%

Commercial Properties For Sale in West Springfield

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

Valentine Mansion

Springfield, MA 01105

  • 11,102 SF Hospitality
  • $1,150,000
For Sale

732 Elm St

West Springfield, MA 01089

  • 7,987 SF Retail Building
  • $699,000
For Sale

69 Winter St

Springfield, MA 01105

  • 6,026 SF Multifamily
  • 13.30% Cap Rate
  • $399,000
For Sale

438-442 Chestnut St

Springfield, MA 01107

  • 4,000 SF Retail Building
  • $530,000
For Sale

68 Westfield St

West Springfield, MA 01089

  • 2,059 SF Retail Building
  • $340,000
For Sale

605 Riverdale Street st

West Springfield, MA 01089

  • 3.02 AC Lot
  • 1 Commercial Lot
  • $1,750,000

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 West Springfield pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
West Springfield $104 23,117 SF
Agawam $109 28,379 SF
Feeding Hills $122 38,809 SF
Chicopee $115 28,547 SF
Springfield $136 24,292 SF

Regional Demographic Comparison

This comparison places West 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 West Springfield or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
West Springfield 27,986 11,909 41 $64,237 2 5,041 -2%
Agawam 27,937 11,563 45 $84,114 2 3,100 -2%
Feeding Hills 11,351 4,539 46 $90,477 3 1,027 -1%
Chicopee 53,673 23,279 41 $58,192 2 10,051 -2%
Springfield 152,138 57,402 35 $44,475 3 30,213 -2%

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

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

West 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 West Springfield?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in West 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 West Springfield?

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

How does West Springfield compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to West 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 West Springfield acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in West 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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