Most listings are in the $0's per square foot per year. The Downtown Springfield submarket is seeing a decline in rates. In the last 3 months, the median rate fell $16 per sqft per year. That's a 100% decrease in rent.
In the last 90 days, 7 listings have come on the market, which means spaces might be 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,470 sqft. Most properties in this area are approximately 3 floors. Most buildings in this market were built in 1962 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Most of the folk of Downtown Springfield work from home. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.