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)
14
Median Rate ($/sqft/yr)
$23
Median Size (sqft)
500
As of: May 20, 2017

Downtown Springfield Rates

Most listings are in the $20's per square foot per year. The Downtown Springfield region is seeing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 22% decrease in rent.

Downtown Springfield Listing Supply

In the last 90 days, 14 listings have been listed, which means new availabilities are probably leasing quickly. 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.

The standard measurement for office space in this area is around 500 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area were built in 1914 and are Class A.

Downtown Springfield Community

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 close to 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