Springfield Office Space

Springfield

Office Space Market Report

Number of Listings (last 90 days)
158
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
2,080
As of: February 23, 2017

Springfield Rates

The typical asking rate per listing is in the $10's per square foot per year. The Springfield submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decrease in rent.

Springfield Listing Supply

In the last 90 days, 166 listings have been listed, so you'll want to check back regularly for new listings. About 1% of the available leases in the Springfield are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,020 sqft. Most buildings in this area are approximately 1 floors. Most buildings in this area were built in 1994 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