Westfield, MA
Commercial Real Estate Market Trends & Data

$143 Avg asking sale price
$1,628 Avg asking lease rate
19,241 SF Avg unit lease size
19,357 SF Avg building size for sale

Westfield's Demographic Profile

Westfield has 15,590 households and a median income of $76,551, 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 40,105
# Households 15,590
Median age 40
Median household income $76,551
Avg household size 2.0
Renter-occupied housing units 5,151
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Westfield, MA

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
West Springfield $111 15,549 SF 7.18%
Holyoke $145 16,062 SF 7.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
West Springfield $77 46,017 SF 7.18%
Holyoke $118 41,054 SF 20.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Westfield $166 14,560 SF
West Springfield $130 13,927 SF
Southwick $306 1,227 SF
Holyoke $131 12,039 SF
Feeding Hills $222 8,946 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
West Springfield $66 6,026 SF 13.30%
Holyoke $118 39,506 SF 10.00%
Easthampton $144 32,887 SF 10.00%
Springfield $66 4,257 SF 13.30%
South Hadley $136 9,465 SF 10.00%

Commercial Properties For Sale in Westfield

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

Wings Over

Westfield, MA 01085

  • 18,460 SF Retail Building
  • $1,100,000
For Sale

732 Elm St

West Springfield, MA 01089

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

24 Clifton St

Westfield, MA 01085

  • 3,310 SF Office Building
  • $485,000
For Sale

Multi-Family Development Opportunity

Holyoke, MA 01040

  • 7.11 AC Lot
  • 1 Residential Income Lot
  • $1,750,000
For Sale

Lot 2 Squawfield Rd

Westfield, MA 01085

  • 3,648 SF Industrial Building
  • $385,000
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

How Investors Evaluate Commercial Real Estate Markets

Commercial Property Valuation: Methods and Calculator
Commercial Property Valuation: Methods and Calculator
Use our instant calculator to estimate your property's value, then explore the three core valuation methods, quick-estimate tools, and common mistakes to avoid.
What Is a Cap Rate?
What Is a Cap Rate?
How To Calculate This Critical CRE Investment Metric and Why It Matters
The Best Cities for Office Investing in 2026
The Best Cities for Office Investing in 2026
A data-driven ranking of 50 U.S. markets scored on yield, inventory, office employment trends, and building quality.
Most Profitable Cities for Multifamily Investments in 2026
Most Profitable Cities for Multifamily Investments in 2026
Data-driven rankings of U.S. cities based on cap rates, pricing, inventory, and renter demand.
How to Buy a Car Wash
How to Buy a Car Wash
Unlock the potential of car wash investments with expert insights on types, costs, and strategies
How to Buy a Church Building
How to Buy a Church Building
Learn the essential steps for evaluating, purchasing, and converting religious facilities into profitable investments
Cash on Cash Return
Cash on Cash Return
Learn How Cash on Cash Return Can Optimize Your Real Estate Investments
Understanding Existing Office Space Conditions
Understanding Existing Office Space Conditions
The Differences Between Shell Space, Full and Partial Build-Outs and Spec Suites

Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Westfield $143 19,357 SF
West Springfield $107 22,932 SF
Southwick $190 16,215 SF

Regional Demographic Comparison

This comparison places Westfield 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 Westfield or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Westfield 40,105 15,590 40 $76,551 2 5,151 -2%
Montgomery 797 328 49 $107,432 2 24 -2%
Southampton 5,599 2,210 48 $112,666 3 294 -20%
West Springfield 27,986 11,909 41 $64,237 2 5,041 -2%
Southwick 9,233 3,820 47 $104,036 2 747 -1%

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

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

Westfield 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 Westfield?

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

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

How does Westfield compare to nearby commercial real estate markets?

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

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

Nearby Cities
Commercial Market Reports