Springfield Industrial

Springfield

Office Space Market Report

Number of Listings (last 90 days)
38
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,510
As of: February 20, 2017

Springfield Rates

Most listings are in the $20's per square foot per year. The Springfield submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 14% decline in rent.

Springfield Listing Supply

In the last 90 days, 38 listings have been posted online, which means new listings might be leasing quickly. 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.

The standard measurement for office space in this area is around 1,510 sqft. Most properties in this area are approximately 2 floors. Most buildings in this region were built in 1900 and are Class B.

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