Springfield Retail

301 Bridge St - Space Metro Center, Springfield, MA serving bar
Aug 19
2,950
sqft
Retail Other Restaurant

Springfield

Market Report

Number of Listings
Posted in the last 90 days
1
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,500

Springfield Rates

The typical asking rate per listing is in the $20's per square foot per year. The Springfield region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decline in rent.

Springfield Listing Supply

In the last 90 days, 261 listings have come on the market, so you'll want to check back regularly for new listings. About 6% of the available leases in the Springfield are subleases, so you will probably have to focus your search on direct office leases. 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 2,500 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1918 and are Class A.

Springfield Community

Market Data

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