For Sale
West Springfield, MA
Commercial Real Estate Market Trends & Data
$128 per SF
Avg asking sale price
$15 per SF
Avg asking lease rate
13,689 SF
Avg unit lease size
30,380 SF
Avg building size for sale
8.03%
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% |
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| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| West Springfield | $115 | 12,000 SF | 7.18% |
| Agawam | $121 | 14,469 SF | 7.18% |
| Springfield | $113 | 12,315 SF | 8.42% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| West Springfield | $91 | 56,914 SF | 7.18% |
| Agawam | $103 | 66,771 SF | 7.18% |
| Chicopee | $127 | 35,260 SF | 6.73% |
| Springfield | $84 | 38,070 SF | 7.18% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| West Springfield | $129 | 10,393 SF |
| Agawam | $152 | 12,523 SF |
| Feeding Hills | $222 | 8,946 SF |
| Chicopee | $123 | 11,830 SF |
| Springfield | $232 | 8,197 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| West Springfield | $95 | 82,433 SF | 13.30% |
| Agawam | $52 | 72,783 SF | 8.36% |
| Chicopee | $112 | 6,436 SF | 8.39% |
| Springfield | $82 | 59,583 SF | 13.30% |
| Holyoke | $138 | 48,456 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.
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $128 | 30,380 SF |
| Agawam | $114 | 28,485 SF |
| Feeding Hills | $147 | 32,017 SF |
| Chicopee | $170 | 21,010 SF |
| Springfield | $195 | 24,940 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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