Springfield Office Space

Springfield

Office Space Market Report

Number of Listings (last 90 days)
31
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
3,000
As of: June 27, 2017

Springfield Rates

On average, listings lease in the $10's per square foot per year. The Springfield region is seeing a an increase in rates. In the last 3 months, the median rate increased $18 per sqft per year.

Springfield Listing Supply

In the last 90 days, 31 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 113% of the office spaces in the Springfield are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this market were built in 1989 and are Class A.

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