Downtown Springfield Office Space

Downtown Springfield

Office Space Market Report

Number of Listings (last 90 days)
10
Median Rate ($/sqft/yr)
$16
Median Size (sqft)
3,190
As of: December 2, 2016

Downtown Springfield Rates

On average, listings lease in the $10's per square foot per year. The Downtown Springfield region is seeing a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 13% rise in rent.

Downtown Springfield Listing Supply

In the last 90 days, 10 listings have been posted online, which means new listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 3,190 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 3 stories. Most buildings in this area were built in 1980 and are Class A.

Downtown Springfield Community

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 market. Most of the residents of Downtown Springfield work from home. 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