Springfield Industrial

Springfield

Office Space Market Report

Number of Listings (last 90 days)
31
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,570
As of: May 21, 2017

Springfield Rates

On average, listings lease in the $20's per square foot per year. The Springfield region is experiencing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 5% rise in rent.

Springfield Listing Supply

In the last 90 days, 31 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,570 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this area were built in 1989 and are Class A.

Springfield Community

Market Report

Trends and status of the commercial real estate market in Springfield.
Market Report

Market Data

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