MARKET SNAPSHOT

2026 Springfield, MO Forecast

2025

FORECASTED ANNUAL CHANGE

2026

$1,010

Q4 AVG. EFFECTIVE RENT

1.6%

ANNUAL CHANGE

$1,026

Q4 Avg. Effective Rent

94.7%

Q4 AVG. OCCUPANCY

0 BPS

ANNUAL CHANGE

94.7%

Q4 Avg. Occupancy

430

2025 COMPLETIONS

426

10 Yr. Avg. Annual Completions

141

2026 COMPLETIONS

424

2025 NET ABSORPTION

367

10 Yr. Avg. Annual Absorption

324

2026 NET ABSORPTION

Source: CoStar
Key Market Themes for 2026
  • Effective rents are forecast to increase 1.6% in 2026, posting another year of gains and extending the market’s recent rent momentum.

  • Net absorption is projected to decline by 24% in 2026, while deliveries fall by 67%. With absorption remaining higher than deliveries, the 2026 balance is more favorable than the prior year.

  • Stabilized occupancy is projected to be 94.7% in 2026, flat on an annual basis. Submarket movement is similarly contained, with occupancy changes limited to plus or minus 10 bps, reflecting a consistent outlook across the market rather than a shift driven by any single area.

MARKET OUTLOOK

Springfield’s 2026 outlook is defined by a steady demand base paired with a sharply improving supply setup...

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Harry Trotter

Regional Managing Director
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Corey Egan

Managing Director

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