Springfield Industrial

Springfield

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$41
Median Size (sqft)
1,810
As of: June 22, 2017

Springfield Rates

On average, listings lease in the $40's per square foot per year. The Springfield submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $41 per sqft per year.

Compared to the rest of the Washington D.C. market, the Springfield submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.

Springfield Listing Supply

In the last 90 days, 8 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 38% of the available space in the Springfield are subleases, so you might be able to snag a great spot on a short term. 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 1,810 sqft. Most properties in this region are approximately 2 floors. Most buildings in this region were built in 1972 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