Downtown Springfield Industrial

We couldn't find any industrial spaces for Lease and Sublease

Downtown Springfield

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$27
Median Size (sqft)
650
As of: December 4, 2016

Downtown Springfield Rates

Most listings are in the $20'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 rose $1 per sqft per year. That's a 3% rise in rent.

Downtown Springfield Listing Supply

In the last 90 days, 24 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 4% of the listings in the Downtown Springfield are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 650 sqft. Most buildings in this area are approximately 8 stories. Most buildings in this market were built in 1986 and are Class A.

Downtown Springfield Community

This area is fairly equally mixed residential and commercial. Public administration is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst Downtown Springfield occupants. 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