Most listings are in the $20's per square foot per year. The Downtown Springfield submarket is going through a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 5% increase in rent.
In the last 90 days, 14 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,650 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this market were built in 1914 and are Class A.
This region is fairly equally mixed residential and commercial. Public administration is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst Downtown Springfield residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.