Downtown Springfield Industrial

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Downtown Springfield

Office Space Market Report

Number of Listings (last 90 days)
4
Median Size (sqft)
27,000
As of: February 21, 2017

Downtown Springfield Rates

The typical asking rate per listing is in the $0's per square foot per year. The Downtown Springfield submarket is going through a decline in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 100% decrease in rent.

Downtown Springfield Listing Supply

In the last 90 days, 4 listings have been posted online, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 27,000 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this market were built in 1962 and are Class A.

Downtown Springfield Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Most of the occupants of Downtown Springfield work from home. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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