Springfield Commercial Real Estate

3040 Hamlin Pkwy - Unit A/C Springfield, IL formerly owned by a church
Sep 15
15,950
sqft
Industrial Office Retail Other
1128 S 5th St - 2 Spaces Old Aristocracy Hill, Springfield, IL  
Sep 13
600 - 1,250
sqft
Office
3351 S 6th St - Unit 9 Springfield, IL NNN charges: $3.00 per sqft
Sep 07
1,070
sqft
Office Retail
3351 S 6th St - 3 Spaces Springfield, IL NNN charges: $3.00 per sqft
Sep 07
1,440 - 1,740
sqft
Office Retail
2524 Farragut Dr - 4 Spaces Springfield, IL This listing is a nnn lease.
Sep 07
2,800 - 5,220
sqft
Medical
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
2403 S MacArthur Blvd - Space Springfield, IL Onsite Parking.
Jul 31
1,000
sqft
Retail
3108 Great Northern Ave - 3 Spaces Springfield, IL tenant pays utilities
May 08
1,000 - 4,800
sqft
Office Industrial
2960 Baker Dr - Space Springfield, IL  
May 04
3,250
sqft
Office
2501 Chatham Rd - 2 Spaces Springfield, IL Onsite Parking.
May 03
2,570 - 5,450
sqft
Office

Springfield

Market Report

Number of Listings
Posted in the last 90 days
39
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