On average, listings lease in the $10's per square foot per year. The Downtown Springfield region is seeing a an increase in rates. In the last 3 months, the median rate went up $16 per sqft per year.
In the last 90 days, 9 listings have been made available, which means new availabilities might be 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 3,190 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this area were built in 1980 and are Class A.
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 region. Most of the occupants of Downtown Springfield work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.