Springfield Commercial Real Estate

215 S Grand Ave W - Entire Building Vinegar Hill, Springfield, IL finance room
Sep 15
9,500
sqft
For Sale Office
2800 W Washington St - Entire Building Springfield, IL Build To Suit.
Jul 13
1,890
sqft
For Sale Office
917 W Jefferson St - Entire Building Springfield, IL  
Aug 31
16,000
sqft
For Sale Retail
1701 E Cook St - Entire Building Mather and Wells, Springfield, IL taxes: $3,171
Sep 05
3,200
sqft
For Sale Industrial Office
109 S 5th St - Entire Building Downtown Springfield, Springfield, IL taxes:$12,043
Sep 04
6,020
sqft
For Sale Retail
917 Clocktower Dr - Entire Building Springfield, IL taxes: $19,508
Sep 01
11,650
sqft
For Sale Office
1230 Centre W Dr - Entire Building Oaks, Springfield, IL taxes:$27,814
Aug 31
8,000
sqft
For Sale Office
1820 S Dirksen Pkwy - Entire Building Springfield, IL 20' x 16' drive in door
May 24
14,000
sqft
For Sale Industrial Office
775 E Linton Ave - Entire Building Springfield, IL Close Highway.
May 18
13,200
sqft
For Sale Industrial Office Retail
601 N Amos Ave - Entire Building Springfield, IL  
May 05
4,000
sqft
For Sale Industrial Office
919 S Spring St - Entire Building Vinegar Hill, Springfield, IL cap rate 9.25%
May 03
10,640
sqft
For Sale Industrial Office
2524 Farragut Dr - Entire Building Springfield, IL HVAC
May 03
18,000
sqft
For Sale Office Medical
2501 Chatham Rd - Entire Building Springfield, IL Onsite Parking.
May 03
32,500
sqft
For Sale Office Retail
2205 Wabash Ave - Entire Building Springfield, IL  
May 03
33,200
sqft
For Sale Office Retail

Springfield

Market Report

Number of Listings
Posted in the last 90 days
9
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 available, 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 buildings in this market are around 2 floors. Most buildings in this region were built in 1989 and are Class A.

Springfield Community

Market Data

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