Springfield Industrial

Springfield

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
4,403
As of: December 9, 2016

Springfield Rates

The typical asking rate per listing is in the $20's per square foot per year. The Springfield region is experiencing a an increase in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 23% increase in rent.

Compared to the rest of the Washington D.C. market, the Springfield region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.

Springfield Listing Supply

In the last 90 days, 15 listings have been posted online, which means leases 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 5,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 2 stories. Most buildings in this area were built in 1981 and are Class C.

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