Springfield Industrial

3040 Hamlin Pkwy - Unit A/C Springfield, IL formerly owned by a church
Sep 15
15,950
sqft
Industrial Office Retail Other
1140 W Reynolds St - Entire Building Springfield, IL HVAC
Sep 07
9,190
sqft
Industrial
3700 Wabash Ave - Space Springfield, IL This listing is a nnn lease.
Sep 06
20,500
sqft
Industrial Retail

Springfield

Market Report

Number of Listings
Posted in the last 90 days
26
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
2,000

Springfield Rates

Most listings are in the $10's per square foot per year. The Springfield submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 7% decline in rent.

Springfield Listing Supply

In the last 90 days, 294 listings have come on the market, so you'll want to check back regularly for new listings. About 11% of the listings in the Springfield are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1989 and are Class A.

Springfield Community

Market Data

Real time and historical data on commercial real estate listings in Springfield.
Research